3745 E Ransom Street, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
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Long Beach, California 90804
This Shovel-Ready Multi-Unit Development Project is a High-Potential Investment Opportunity listed at $999,999, reflecting the significant value of near-approved permits against the $923,788 Fair Market Value. The project converts the existing 1941 structure into a four-unit complex including an SB9 unit and two ADUs, totaling 5,575 square feet of livable space. With a Condition Rating of 4 and rare three-sided lot access, the site is optimized for construction logistics and maximum rental density. This strategic asset is ideal for Buy-and-Hold Investors or Developers looking to capitalize on a high-yield, shovel-ready project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3745 E Ransom Street Subject | $999,999* List Price | 0 | 0 | 1,029 | $898 | - |
A 1350 Quincy Avenue Active | $1,030,000 List Price | 3 | 1 | 1,218 | $846 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1941 build that has been well-maintained with some cosmetic updates, including refinished hardwood floors, a farmhouse sink, and updated kitchen countertops. However, the kitchen cabinetry and overall style remain dated, and the property has not undergone a full modern renovation. While functional and staged for move-in, the listing's focus on a four-unit redevelopment project highlights that the current structure is aged and best suited for significant modification or expansion.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7207, living area = 1029.
Permits are near final approval with architectural drawings already completed, saving the buyer months of bureaucratic delays and significant pre-construction expenses.
The project maximizes the lot's potential by converting a single-family home into a four-unit complex, offering massive upside for rental income or a high-margin resale.
The property was recently sold within the past year on 2025-04-23. The sold price is $780,000.00.
The listing price covers the land and plans only; the buyer must secure substantial additional funding to construct the 4,546 square feet of new livable space.
The property is currently a 1941 build, meaning the investor assumes all risks related to construction timelines, material costs, and labor before seeing a return on investment.
Permits are near approval to convert the existing single family home into a four-unit property! The project will add 4,546 sf of livable space bringing the total square feet to 5,575. The current 1029sf home will become a 2bed/2ba 1233sf unit. An attached SB9 unit will be 1,492sf with 3 bedrooms and 2.5 baths. Two additional ADU's will be 1200sf 3 bed/2baths each. Huge upside potential to build and hold or flip. This is a strong rental market and all the hard work of architectural drawings and city approval have been done for you, saving months of time and tens of thousands of dollars. Permits are a few short weeks from final approval and ready to be assigned. This property has three sides of access making it ideal for a multi-family investment property. The 3D rendering highlights the outcome that can be expected after construction is complete.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 5% |
| Baths | 0.0 | 1.0 | 5% |
| Square foot | 1,029 | 1,088 | 42% |
| Lot Size | 7,207 | 5,063 | 89% |
| Price | $1000.0K | $916.0K | 68% |
| Price per sq ft | $972 | $880 | 74% |
| Built year | 1941 | 1923 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 141 | 5% |
Mar 28, 2026
$999,999
Initial Listing
Apr 23, 2025
$780,000
Public Record