361 Gladys, Long Beach, California 90814, Long Beach, 90814 - 0 bed, 0 bath
Loading property details...
Long Beach, California 90814
This Versatile Income-Producing Craftsman is a Prime Investment Opportunity, listed at $1,379,000—positioned well below the $1,430,000 Fair Market Value by 3%. This valuation gap offers $51,000 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the property features a modernized front residence with a private patio, new HVAC, and copper plumbing. Located in the historic Bluff Heights neighborhood, it balances coastal lifestyle perks with high rental demand. This is a premier acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 361 Gladys Subject | $1,379,000* List Price | 0 | 0 | 2,582 | $554 | - |
A 367 Loma Sold | $1,310,000 | 0 | 0 | 2,192 | $598 | 0.4 mi |
B 4006 E Vermont Street Sold | $1,230,000 | 0 | 0 | 1,812 | $679 | 0.7 mi |
C 672 Junipero Active | $1,350,000 List Price | 0 | 0 | 2,284 | $591 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1919, the property has undergone extensive recent renovations. The front residence features a fully remodeled kitchen and bathrooms, refinished hardwood floors, and significant infrastructure upgrades including new central HVAC, updated electrical, and copper plumbing, meeting the criteria for a property extensively renovated within the last 5 years.
The triplex configuration offers a versatile investment opportunity, allowing an owner-occupant to live in the primary residence while offsetting the mortgage with rental income from the two rear units.
The front Craftsman home has undergone significant capital improvements, including new central HVAC, updated electrical, copper plumbing, and remodeled kitchens and bathrooms, reducing immediate maintenance costs.
Situated in the highly sought-after Bluff Heights neighborhood, the property combines timeless 1919 architectural character with close proximity to Long Beach’s coastal attractions, dining, and shopping.
As a century-old property, the rear duplex may require ongoing specialized maintenance to preserve its historic integrity and address aging components not covered in the front house's recent remodel.
Despite having a driveway and garage, providing adequate parking for three separate households in a historic, high-density neighborhood like Bluff Heights can be a logistical challenge for tenants.
361 Gladys Avenue is a charming three-unit property nestled in Long Beach’s sought-after Bluff Heights neighborhood. The front residence is a beautifully updated two-bedroom Craftsman home, making this an ideal acquisition opportunity for an owner-occupant seeking both immediate move-in convenience and supplemental rental income from the rear units. The front home blends timeless architectural details with thoughtful modern upgrades, including new central air and heating, a new water heater, remodeled kitchen and bathrooms, refinished hardwood floors, updated electrical, and copper plumbing. A quaint private backyard creates a welcoming retreat for outdoor dining or relaxation. Behind the main house, a period-correct duplex mirrors the charm of the front residence and offers two one-bedroom units with Craftsman details such as built-ins, gorgeous trimwork, hardwood floors, and decorative fireplaces. Additional amenities include driveway parking, a dedicated storage/garage space with laundry hookups, and a second rear garage area providing ample storage for both owner and tenants. Situated just moments from the vibrant dining, shopping, and coastal attractions that define this historic neighborhood, 361 Gladys Avenue offers the unique combination of owner-occupancy potential, character architecture, and income-producing upside in one of Long Beach’s most desirable neighborhoods.
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 | 2,582 | 2,058 | 75% |
| Lot Size | 6,500 | 5,866 | 63% |
| Price | $1.38M | $1.39M | 50% |
| Price per sq ft | $534 | $639 | 25% |
| Built year | 1919 | 1933 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 116 | 13% |
Mar 11, 2026
$1,379,000
$1,430,000
-4% Price Drop
Initial Listing
Feb 19, 2026
$1,430,000
Initial Listing
Aug 8, 2022
$1,220,000
Public Record