
Long Beach, California 90807
This High-Yield Residential Income Duplex is a High-Potential Investment Opportunity, listed at $1,495,000—positioned well below the $1,800,522 Fair Market Value by 16%. This valuation gap offers $305,522 in Instant Equity. Featuring two updated 3-bedroom residences in Move-in Ready Condition, the property boasts a private rooftop deck and a detached garage with significant ADU conversion potential on a 9,163 square foot lot. Located in the prestigious Los Cerritos neighborhood, it offers a rare blend of immediate cash flow and long-term appreciation. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3622 Pacific Subject | $1,495,000* List Price | 0 | 0 | 3,243 | $555 | - |
A 4196 4198 Del Mar Ave Sold | $1,360,000 | 4 | 6 | 2,388 | $570 | 0.8 mi |
B 148 E 36th Street Active | $1,295,000 List Price | 0 | 0 | 3,069 | $422 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent cosmetic updates, including fresh interior paint and new flooring throughout both units. While some architectural elements like the popcorn ceilings, decorative columns, and oak cabinetry reflect its 1972 construction, the overall maintenance is high and the property is well-presented with no immediate renovations required.
The property features two substantial 3-bedroom residences on a single lot, offering exceptional flexibility for multi-generational living or high-yield rental income in a high-demand area.
The detached two-car garage for the rear unit presents a prime opportunity for conversion into a third living unit (ADU), significantly increasing the property's total value and cash flow potential.
Situated in one of Long Beach's most prestigious and sought-after neighborhoods, this property benefits from long-term appreciation, neighborhood stability, and a high quality of life.
Given the 1972 construction date, the property may require future capital expenditures for aging systems such as plumbing or electrical that go beyond the recent cosmetic updates.
With two large homes and multiple garages on a 9,163 square foot lot, the density may limit the amount of private, secluded outdoor yard space available to each individual dwelling.
Located in the highly sought-after Los Cerritos area of Long Beach, this exceptional property features two well-maintained homes on a spacious lot with beautifully landscaped grounds. The front house offers approximately 2,000 square feet of living space with 3 bedrooms and 2.5 bathrooms. It includes Freshly painted interior and new flooring, an oversized attached two-car garage, and a large driveway providing ample parking.The separate rear unit is approximately 1,260 square feet and features 3 bedrooms and 2 bathrooms, along with a private rooftop deck perfect for relaxing or entertaining. This unit also includes a detached two-car garage, which offers excellent potential to be converted into an additional ADU. All of this sits on a generous 9,163 square foot flat lot, offering flexibility, privacy, and investment potential. A truly unique property and a must-see.
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 | 3,243 | 2,876.5 | 50% |
| Lot Size | 9,163 | 6,796.5 | 90% |
| Price | $1.50M | $1.32M | 80% |
| Price per sq ft | $461 | $430 | 50% |
| Built year | 1972 | 1963 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 199 | 20% |
Apr 13, 2026
$1,495,000
Initial Listing