312 E Peace Street, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath
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Long Beach, California 90805
This Turnkey Multi-Unit Residence is listed at $799,999, aligning with its $799,999 Fair Market Value. The property offers a rare dual-income setup featuring a permitted 505 sqft detached ADU and a main house with an Excellent Condition Rating. Recent high-end updates include a modernized kitchen, waterproof vinyl flooring, and new ductless HVAC. Located in the Long Beach Unified School District, this property qualifies for specialized low-rate financing, making it an ideal acquisition for Owner-Occupants seeking to offset their mortgage or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 E Peace Street Subject | $799,999* List Price | 3 | 2 | 1,445 | $554 | - |
A 352 E 49th Sold | $700,000 | 3 | 2 | 1,420 | $493 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations within the last 5 years, meeting the criteria for excellent condition despite its 1948 original build date. Key updates include a fully modernized kitchen and bathrooms, new waterproof vinyl flooring throughout, and the installation of a new ductless heating and cooling system. The detached ADU has also been recently upgraded, and the overall presentation is move-in ready with modern fixtures and no apparent deferred maintenance.
The property features a permitted 505 sqft detached ADU with its own private entrance, providing an excellent opportunity for rental income to offset mortgage costs or for multi-generational living.
The home is move-in ready with recent updates including a renovated kitchen and bathrooms, new waterproof vinyl flooring, and a modern ductless heating and cooling system.
This property qualifies for the Community Advantage Program, offering significant buyer benefits such as no PMI, a low 3% down payment, and an interest rate 1.5% lower than standard market options.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1445, other record living area = 1045.
With a lot size of approximately 3,995 sqft and a 'small private yard,' the property offers minimal outdoor area for gardening or large-scale entertaining.
Originally built in 1948, the property may have underlying infrastructure or structural characteristics typical of mid-century homes that require more maintenance than a newer build.
Back on the market- Do to no fault of property or seller. Currently in escrow and subject to cancellation of existing escrow. Currently under contract at $845k and appraised at value and completed termite clearance. Long Beach move-in-ready home, offers a rare combination of space, comfort, and a great layout perfect for families, multi generational living, buyers looking for extra room and privacy, or looking to offset their mortgage. Featuring a front house and a permitted detached ADU. The house includes 2 spacious bedrooms, with a versatile flex space ideal for an office or nursery, 2 bathrooms. Kitchen and bathrooms recently updated, new ductless heating and cooling, waterproof vinyl flooring. The home has a long driveway with a large two car garage, fully fenced small private yard. The recently upgraded ADU has its own entrance for privacy and convenience which makes it ideal for rental income. Located minutes from Downtown Long Beach, Bixby Kolls, local parks, shopping, dinning and major freeways. Just a short drive to the beach! ADU is a 505 sqft studio unit. Property is vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 52% |
| Square foot | 1,445 | 1,127 | 82% |
| Lot Size | 3,995 | 5,154 | 10% |
| Price | $800.0K | $715.0K | 81% |
| Price per sq ft | $554 | $641 | 27% |
| Built year | 1948 | 1942 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 154 | 171 | 43% |
Feb 18, 2026
$799,999
$820,000
-2% Price Drop
Initial Listing
Feb 5, 2026
$820,000
$845,000
-3% Price Drop
Initial Listing
Nov 19, 2025
$845,000
Initial Listing
Mar 1, 2023
$700,000
Public Record
Aug 31, 2021
$500,000
Public Record
Sep 21, 2005
$440,000
Public Record
Jun 9, 2005
$377,500
Public Record
Jan 23, 2003
$199,000
Public Record