350 E South, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 3 bath
Loading property details...
Long Beach, California 90805
This property presents a High-Potential Investment Opportunity with a List Price of $649,900—positioned well above the $579,864 Fair Market Value by 12%. Featuring a 2 bed / 1 bath main house plus two detached studio units, the asset offers significant rental upside through its separate utility metering. While the property carries a Fair Condition Rating and requires navigation of zoning and legal compliance regarding its triplex status, it remains a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants capable of managing the legalization process.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 350 E South Subject | $599,000* List Price | 2 | 3 | 1,318 | $458 | - |
A 447 E Adair Sold | $530,000 | 3 | 2 | 1,102 | $481 | 0.3 mi |
B 1639 E Hungerford Street Sold | $540,000 | 2 | 1 | 1,012 | $534 | 1.0 mi |
C 260 E South Active | $575,000 List Price | 2 | 1 | 980 | $587 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 (68 years old), this property is marketed as a 'value-add' opportunity. While two units received cosmetic updates (paint/flooring), the main unit requires TLC, and the overall age and legal/zoning complexities suggest a need for significant rehabilitation rather than minor repairs.
The property features a main house plus two detached studio units, offering significant rental upside and flexibility for investors or owner-users seeking supplemental income.
Equipped with four electric meters and three gas meters, the infrastructure is already in place to support independent tenant billing, a major asset for multi-unit operations.
The front and rear structures have been recently refreshed with new paint and flooring, reducing immediate turnover costs and enhancing the property's aesthetic appeal.
Despite being used as a triplex for decades, city records classify the property as a single-family residence, creating significant legal risk and potential costs for legalization.
The middle unit requires 'TLC' and the property is sold with no representations of legal use, indicating a need for additional capital investment and due diligence.
Value-add opportunity in North Long Beach. The property features a 2 bed / 1 bath main house with a bonus room currently used as a third bedroom. There are two additional detached studio units—one in the front (tenant-occupied) and one in the rear (currently vacant). Property is separately metered with (4) electric meters and (3) gas meters. The property has operated as a triplex for over 30 years and tax records reflect triplex use; however, the current owner has been informed by the City of Long Beach that City records indicate that this is a single-family residence. Seller makes no representations about the legal use of the property. Buyer to independently verify legal use, zoning, and potential paths to legalization. Significant upside for an investor or owner-user willing to navigate the process. Interiors of the front and rear structures recently got new paint and flooring. Middle unit needs TLC.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 1.0 | 91% |
| Square foot | 1,318 | 1,126 | 73% |
| Lot Size | 2,823 | 5,095 | 11% |
| Price | $599.0K | $715.0K | 9% |
| Price per sq ft | $454 | $653 | 3% |
| Built year | 1956 | 1942 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 135 | 3% |
May 24, 2026
$599,000
$649,900
-8% Price Drop
Initial Listing
May 8, 2026
$649,900
Initial Listing
Jun 4, 2019
$60,000
Public Record
Jun 4, 2019
$500,000
Public Record
Jun 14, 2005
$445,000
Public Record
May 7, 2004
$485,000
Public Record