3581 Cherry, Long Beach, California 90807, Long Beach, 90807 - 0 bed, 0 bath
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Long Beach, California 90807
This duplex presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned above the $839,728 Fair Market Value. While the property requires a full rehab due to its Fair Condition Rating and dated floor plan, the California Heights location and Value-Add Potential through yard expansion offer significant long-term upside. The dual-unit configuration provides income versatility for those willing to modernize the asset. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through renovation.
Property is extensive renovation needed.
Built in 1945 with no evidence of recent renovations. The interior shows dated carpeting, older finishes, and a layout with walk-through rooms. The listing explicitly suggests an 'opportunity to update' to build value, indicating the property requires a full rehab rather than minor repairs.
Situated in the highly desirable California Heights neighborhood, the property offers excellent proximity to Bixby Knolls dining, shopping, and convenient access to the 405 and 710 freeways.
The large rear yard and separate utility rooms provide significant opportunities for future expansion or outdoor enhancements, allowing a buyer to build equity through improvements.
This duplex configuration is ideal for both investors seeking rental income and owner-users looking to live in one unit while offsetting their mortgage with the other.
The unique floor plan features connected rooms where one must be accessed through another, which compromises privacy and may limit appeal for certain tenants or buyers.
The property is positioned as an opportunity to update, implying that immediate capital investment is needed to modernize the units and achieve top-of-market value.
Located in the desirable California Heights neighborhood, this duplex offers a great opportunity for owner-users or investors. Each unit features 2 bedrooms and 1 bathroom with a unique floor plan that includes connected rooms, where one room is accessed through another. Additional features include a two-car garage and separate utility rooms for each unit, both equipped with a washer and dryer. One utility room is larger and offers additional storage space. The rear yard presents potential for future expansion or added outdoor enjoyment (buyer to verify). A great opportunity to update and make this property your own while building value in a sought-after neighborhood. Conveniently located with easy access to the 405, and 710 freeways, and just moments from Bixby Knolls dining, shopping, and amenities.
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 | 1,499 | 2,388 | 11% |
| Lot Size | 5,503 | 7,143 | 33% |
| Price | $950.0K | $1.28M | 11% |
| Price per sq ft | $634 | $514 | 78% |
| Built year | 1945 | 1962 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 131 | 22% |
May 15, 2026
$950,000
Initial Listing
Nov 27, 2013
$440,000
Public Record