242 E Del Amo, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This Renovated Income-Producing Triplex is a Prime Investment Opportunity listed at $875,000—positioned below the $904,020 Fair Market Value by 3%. This valuation gap offers $29,020 in Instant Equity for the incoming owner. Boasting a Condition Rating of 2, the property features a detached 2-bedroom home and a duplex upgraded with modern shaker cabinetry and stone countertops. Delivered vacant for immediate market-rate leasing, this turnkey asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack in North Long Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 E Del Amo Subject | $850,000* List Price | 0 | 0 | 1,504 | $565 | - |
A 223 E Pleasant Street Sold | $675,000 | 0 | 0 | 931 | $725 | 0.0 mi |
B 223 E Pleasant Street Sold | $675,000 | 2 | 2 | 931 | $725 | 0.0 mi |
C 5512 Long Beach Boulevard Active | $798,999 List Price | 0 | 0 | 1,304 | $613 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1950, the property has undergone extensive recent renovations across all three units. The interiors feature modern shaker-style cabinetry, stone countertops, stainless steel appliances, and updated laminate flooring. Bathrooms have been modernized with new vanities and tile work, and the presence of recessed lighting and updated fixtures indicates a high standard of recent maintenance and improvement, making it fully move-in ready.
The property features a unique layout with a detached 2-bedroom single-family home and a separate duplex, providing an ideal setup for house-hacking or attracting a diverse tenant base.
Delivered vacant and in move-in ready condition, this triplex allows the new owner to select their own tenants and set market-rate rents immediately without the constraints of existing leases.
The units are individually metered for gas and electricity, which minimizes landlord overhead expenses and simplifies the management of utility costs for the owner.
With only one garage and two uncovered spaces for three separate units, parking may become a point of contention for tenants in a high-density area like North Long Beach.
The 3,264 square foot lot is relatively small for three units, resulting in minimal private outdoor space or yard area, which may limit the property's appeal to families or pet owners.
Rare opportunity to acquire a move-in ready triplex offering exceptional flexibility for owner-occupants and investors alike. This property features a separate 2-bedroom, 1-bath single-family home along with a duplex consisting of a studio unit on the ground level and a 1-bedroom unit on the second floor. All units are well maintained and in rent ready condition. The detached 2-bedroom home includes in unit laundry hook up and an attached single-car garage, while the property also offers two additional uncovered parking spaces for added convenience. Individually metered for gas and electricity. One water meter per building. The new owner has full control over tenant selection, rental strategy, or personal use from day one. Immediate possession is available. The versatile unit mix appeals to a wide range of tenants and supports long-term rental demand. This property is ideal for a house-hacker looking to offset their mortgage or an investor seeking strong income potential. See private remarks for current tenancy status.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,504 | 1,700 | 40% |
| Lot Size | 3,264 | 5,122 | 16% |
| Price | $850.0K | $845.0K | 52% |
| Price per sq ft | $565 | $548 | 68% |
| Built year | 1950 | 1948 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 210 | 12% |
Apr 14, 2026
$850,000
$875,000
-3% Price Drop
Initial Listing
Feb 6, 2026
$875,000
Initial Listing
Jan 7, 2015
$445,000
Public Record
Mar 21, 1997
$119,000
Public Record