
Long Beach, California 90807
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at $1,465,000—positioned well below the $1,494,084 Fair Market Value by 2%. With $29,084 in Instant Equity, this property features a Condition Rating of 3, offering move-in ready units with recent cosmetic updates. The 9,163-square-foot lot and ADU development potential in the detached garage provide significant value-add upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-yield asset in the prestigious Los Cerritos neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3622 Pacific Subject 0 bd · 0 ba · 3,243 sqft · $452 | $1,435,000* List Price | 0 | 0 | 3,243 | $452 | - |
A 4322 Elm Avenue Sold 0 bd · 0 ba · 3,076 sqft · $475 · 1.0 mi | $1,460,000 | 0 | 0 | 3,076 | $475 | 1.0 mi |
B 148 E 36th Street Sold 0 bd · 0 ba · 3,069 sqft · $444 · 0.2 mi | $1,362,500 | 0 | 0 | 3,069 | $444 | 0.2 mi |
C 3633 Lime Active 0 bd · 0 ba · 2,614 sqft · $555 · 0.6 mi | $1,450,000 List Price | 0 | 0 | 2,614 | $555 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property is well-maintained and features recent cosmetic updates including new flooring and fresh interior paint. The kitchen cabinetry and bathroom vanities appear to have been renovated within the last 5-15 years, making both units move-in ready and functional for immediate occupancy.
The property features two substantial, well-maintained homes on a single lot, providing exceptional flexibility for multi-generational living or high-yield rental income.
A detached two-car garage offers 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 sought-after neighborhoods, the property benefits from strong market demand, prestige, and excellent long-term appreciation prospects.
Built in 1972, the property may require future capital improvements for aging systems or structural components that fall outside the scope of recent cosmetic updates.
With a list price of $1.465M, the initial capitalization rate may be modest for pure investors until the ADU potential is fully realized to maximize rental returns.
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 a 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 |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.1 |
| Square foot | 3,243 | 2,317.219 |
| Lot Size | 9,163 | 5,308.123 |
| Price | $1.44M | $1.23M |
| Price per sq ft | $442 | $483 |
| Built year | 1972 | 1947 |
| HOA | $0 | $0 |
| Days on market | 45 | 79 |
Oct 4, 2026
$1,435,000
$1,465,000
-2% Price Drop
Initial Listing
Sep 10, 2026
$1,465,000
Initial Listing