
Long Beach, California 90807
This Duplex Residential Income property represents a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,566,681 Fair Market Value by 7%. This valuation gap offers $116,681 in Instant Equity. Featuring a Condition Rating of 3, the property includes three garage spaces and individual laundry hookups in both units. Located in the historic California Heights neighborhood, this asset provides significant rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3633 Lime Subject | $1,450,000* List Price | 0 | 0 | 2,614 | $599 | - |
A 148 E 36th Street Sold | $1,362,500 | 0 | 0 | 3,069 | $444 | 0.4 mi |
B 3581 Olive Avenue Sold | $1,110,000 | 0 | 0 | 1,808 | $614 | 0.1 mi |
C 3511 Rose Active | $1,795,000 List Price | 0 | 0 | 2,536 | $708 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1952, the interior shows significant modern updates including a renovated kitchen with white shaker cabinets, stone countertops, and stainless steel appliances. The presence of recessed lighting, updated laminate flooring, and fresh paint indicates the property has been well-maintained and renovated within the last 5-15 years, making it move-in ready.
Situated in the highly desirable Historic California Heights neighborhood, this property offers significant long-term value and appeal due to its character and prestigious Long Beach address.
The inclusion of three total garage spaces (a two-car and a separate one-car) is a rare and valuable feature for a duplex, providing ample off-street parking and storage for both units.
Both units feature spacious two-bedroom floor plans with walk-in closets and individual laundry hookups, making them highly attractive for long-term tenants or owner-occupants.
With a 1952 build date and mentions of tile countertops, the property likely requires cosmetic modernization to command top-tier market rents and justify the premium list price.
The property offers no significant views, which may be a drawback for buyers comparing this to other high-end residential income opportunities in the Long Beach area.
Nestled within the highly desirable Historic California Heights neighborhood, this charming duplex combines spacious living, flexibility, and exceptional investment potential. This duplex offers a rare combination of versatility, comfortable living space, and investment potential. With two units residences, three garage spaces, individual laundry hookups, and generously sized interiors, the property is equally appealing as an income-producing investment or an opportunity to live in one unit while renting the other. The property includes a two-car detached garage serving the front residence and a separate one-car detached garage for the rear residence, providing valuable off-street parking and additional functionality. The rear residence at 3633 features two bedrooms and two bathrooms, complemented by a spacious living room and dedicated dining area. At the heart of the home is a large eat-in kitchen with tile countertops, pantry storage, and an adjacent laundry area with hookups. Both bedrooms feature walk-in closets and ceiling fans. The front residence also offers two bedrooms, each with a walk-in closet and ceiling fan, along with 1.5 bathrooms. Its comfortable floor plan includes a large living room, dining space, kitchen with tile countertops, and conveniently located laundry hookups just beyond the kitchen. Located in one of Long Beach’s most recognizable historic neighborhoods, this property offers the flexibility to generate rental income, accommodate extended family, or create an owner-occupied investment strategy while enjoying the charm and character of California Heights.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,614 | 2,300.724 |
| Lot Size | 7,088 | 5,277.379 |
| Price | $1.45M | $1.24M |
| Price per sq ft | $555 | $513 |
| Built year | 1952 | 1949 |
| HOA | $0 | $0 |
| Days on market | 14 | 74 |
Aug 26, 2026
$1,450,000
Initial Listing
Dec 18, 2003
$589,000
Public Record
Apr 1, 2002
$330,000
Public Record