359 361 Roswell, Long Beach, California 90814, Long Beach, 90814 - 0 bed, 0 bath
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Long Beach, California 90814
This Belmont Heights duplex presents a High-Potential Investment Opportunity with a List Price of $1,549,900—positioned well below the $1,562,270 Fair Market Value by 0.79%. This valuation gap offers $12,370 in Instant Equity. Featuring a Fair Condition Rating after 50 years of ownership, the property offers significant value-add potential through modernization and the development of a 500 sqft ADU. With a rare 6-car parking capacity, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-density coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 359 361 Roswell Subject | $1,549,900* List Price | 0 | 0 | 3,220 | $485 | - |
A 2624 E 6th Active | $1,100,000 List Price | 0 | 0 | 2,048 | $537 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 and on the market for the first time in 50 years, the property is largely in original condition. The kitchen features dated tile countertops and older cabinetry, while the flooring and overall interior finishes are well beyond the 30-year threshold for modern standards, necessitating a full rehab despite the recent roof replacement.
Situated in the highly desirable Belmont Heights neighborhood, this property is on the market for the first time in 50 years, offering significant value-add potential for investors or owner-users.
The property includes a rare three-car garage plus three additional driveway spaces, providing a total of six parking spots, which is a major competitive advantage in a high-density coastal area.
The large garage structure offers the potential to build a 500-square-foot ADU above, allowing for increased density and additional rental income streams.
Marketed as a 'potential' property after 50 years of ownership, it likely requires substantial modernization and capital expenditure to reach modern market standards.
The property does not offer any significant views, which may limit its premium appeal compared to other elevated or ocean-facing lots in the Belmont Heights area.
Potential! Potential! First time on the market in 50 years. This Belmont Heights duplex offers a 3 bedroom, 2 bath back unit and a 2 bedroom, 2 bath front unit. Property is approximately 3200 sqft. Both units have a family room and fireplace. Each unit has sliding glass doors and private patio areas. Inside laundry with ample closet and storage space. Units are light bright and open. Large garage offers 3 parking spaces, 3 garage doors and 3 parking spaces. New roof in December 2025. Possible 500 square foot ADU above the garage, check with City of Long Beach for guidelines.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,220 | 2,100 |
| Lot Size | 5,501 | 5,077.5 |
| Price | $1.55M | $1.14M |
| Price per sq ft | $481 | $519 |
| Built year | 1965 | 1950 |
| HOA | $0 | $0 |
| Days on market | 15 | 68 |
Jul 7, 2026
$1,549,900
Initial Listing