
Long Beach, California 90814
This Residential Income Duplex presents a High-Potential Investment Opportunity with a List Price of $1,695,000—positioned above the $1,562,230 Fair Market Value. While the property requires a full rehab due to its Fair Condition Rating, the Dual-Unit Configuration and Spanish Architectural Appeal provide a strong foundation for value-add strategies. The inclusion of a two-car garage and bonus studio space enhances rental demand in the Belmont Heights area. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to renovate and build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 Park Avenue Subject | $1,695,000* List Price | 4 | 3 | 2,602 | $600 | - |
A 359 361 Roswell Active | $1,549,900 List Price | 0 | 0 | 3,220 | $481 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926, the property is nearly 100 years old and retains 'vintage' kitchens and bathrooms that appear to have not been updated in over 30-40 years. The listing description explicitly mentions the 'potential to restore and reimagine,' signaling that the systems and interiors require a full rehab to meet modern standards.
Featuring two detached residences on a single lot, this property offers exceptional versatility for multi-generational living or high rental income potential in a sought-after neighborhood.
The 1926 Spanish-style architecture boasts timeless character with original hardwood floors, built-ins, and vintage details that provide a strong foundation for a high-value restoration.
Rare for Belmont Heights, the property includes a long driveway, a two-car garage, and a versatile bonus room suitable for a home office, gym, or creative studio.
With vintage kitchens and original 1920s features, the property likely requires significant capital investment to update systems and finishes to meet modern luxury standards.
The third bedroom in the primary residence is noted as small and best suited for a nursery or office, which may limit its appeal to larger families seeking four full-sized bedrooms.
Discover the potential of this classic Spanish duplex in the heart of Belmont Heights, featuring two detached homes on one lot and offering a rare opportunity for investors, multi-generational living, or owner-occupants seeking rental income. The front residence is a two-story home with timeless character, including original hardwood floors, built-ins, and a spacious living room and dining area with large picture windows overlooking the front garden. A white picket fence and mature shade trees create welcoming curb appeal, while the formal dining room and vintage tile kitchen reflect the home’s original charm. Upstairs are two generously sized bedrooms, a third smaller bedroom ideal for an office or nursery, and two bathrooms. The primary bedroom has a private balcony and its own bath with a shower, while a full hall bath serves the additional bedrooms. A powder room is conveniently situated on the main level off the kitchen area. Located at the rear of the property is a detached one-bedroom, one-bath apartment above its own two-car garage with two separate entrances, providing privacy from the main residence. A bonus room adjacent to the garage offers additional space with potential for a studio, home office, gym, or other uses. A long driveway provides ample off-street parking and access to both detached garages, adding convenience and functionality. With two detached homes, vintage Spanish architecture, abundant parking, and exceptional potential, this is a rare opportunity to restore and reimagine a classic Belmont Heights property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,602 | 2,100 |
| Lot Size | 6,489 | 5,077.5 |
| Price | $1.70M | $1.14M |
| Price per sq ft | $651 | $519 |
| Built year | 1926 | 1950 |
| HOA | $0 | $0 |
| Days on market | 14 | 68 |
Jul 8, 2026
$1,695,000
Initial Listing