
Long Beach, California 90803
This Bluff Park Quadruplex represents a Strong Value Opportunity, listed at $2,795,000—positioned well below the $2,781,076 Fair Market Value (Note: List price is slightly above market, reflecting premium coastal demand). With a Good Condition Rating following a $700,000 renovation, this asset features seismic retrofitting, modern HVAC, and ocean views. The property generates $6,995 in monthly rental income, providing a stable hedge against ownership costs. Located near top-rated schools like Lowell Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3409 E 2nd Subject | $2,795,000* List Price | 7 | 6 | 4,210 | $661 | - |
A 3517 E 2nd Active | $2,198,000 List Price | 0 | 0 | 3,636 | $605 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1924, the property has undergone a comprehensive $700,000 renovation including all major systems (HVAC, plumbing, electrical, and seismic retrofitting). The interiors feature updated kitchens and baths, recessed lighting, and restored hardwoods. The finishes appear to be from a 5-15 year renovation cycle, placing it firmly in the 'Good' category as a well-maintained, move-in ready income property.
Elementary School: Lowell Elementary School (9/10).
The property generates a significant $6,995 in monthly rental income from three updated units, offering a powerful mortgage offset for an owner-occupant or a strong cap rate for investors.
With over $700,000 invested in renovations—including seismic retrofitting, new HVAC, plumbing, and electrical—the estate combines 1924 Spanish character with modern structural integrity and systems.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
The building square footage nearly equals the total lot size (4,210 sqft on a 4,343 sqft lot), resulting in limited open yard space and a high-density feel for a luxury estate.
Having spent 110 days on the market with a recent price reduction, the property may face perception issues regarding its initial valuation relative to current market demand for multi-unit assets.
NEW PRICE! Rare Bluff Park Spanish Estate — Live in the 4-Bedroom Owner's Residence While Three Additional Homes Generate Rental Income! Just two blocks from the beach with water views, this exceptional Spanish estate offers something increasingly difficult to find in coastal Long Beach: the lifestyle and privacy of a substantial single-family residence combined with three separate income-producing homes. The expansive 4-bedroom, 2.5-bath owner's residence serves as the heart of the property and features a fireplace, HVAC, whole-house stereo, private laundry, two-car garage and secluded patio with built-in seating and BBQ. Surrounding the main residence are three beautifully updated 1-bedroom, 1-bath homes, each with dedicated office space, updated kitchen and bath, hardwood floors and private outdoor space. The three residences currently generate a combined $6,995 per month in rental income, creating an exceptional opportunity for an owner-user to help offset ownership costs while enjoying the main residence. Or imagine the possibilities for multi-generational living—parents, adult children, extended family or long-term guests can live close while still maintaining their own private residences .More than $700,000 has been invested in renovations and improvements, including plumbing, electrical, HVAC systems, windows, landscaping, patios, garage reconstruction and seismic retrofitting, while carefully preserving the property's original Spanish character, restored hardwood floors, custom built-ins, crown molding and architectural details. Additional features include four garages with built-in storage, multiple private outdoor spaces and a beautifully landscaped central courtyard with fountains. Located on a picturesque tree-lined street directly across from Trolley Park and just two blocks from the beach. Live in the main residence. Collect $6,995 per month from the other three homes. Keep family close—or simply enjoy an extraordinary Bluff Park property that offers both lifestyle and income.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 4.9 |
| Baths | 6.0 | 4.4 |
| Square foot | 4,210 | 2,300.724 |
| Lot Size | 4,343 | 5,277.379 |
| Price | $2.79M | $1.24M |
| Price per sq ft | $664 | $513 |
| Built year | 1924 | 1949 |
| HOA | $0 | $0 |
| Days on market | 131 | 74 |
Jul 19, 2026
$2,795,000
$2,885,000
-3% Price Drop
Initial Listing
May 1, 2026
$2,885,000
Initial Listing
Mar 21, 2001
$282,500
Public Record