
Long Beach, California 90814
This duplex presents a Strong Value Opportunity with a List Price of $1,375,000—positioned well below the $1,525,801 Fair Market Value by 9%. This valuation gap offers $150,801 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant upside through modernization. Key assets include a rare four-car garage and ADU development potential on a large lot. Located in prestigious Belmont Heights, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term rental income and appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4124 E Theresa Subject | $1,375,000* List Price | 0 | 0 | 3,612 | $422 | - |
A 359 361 Roswell Active | $1,549,900 List Price | 0 | 0 | 3,220 | $481 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, the property is well-maintained but significantly dated. The kitchen and bathrooms feature original 1960s cabinetry and tile work, and the living areas show popcorn ceilings and older carpeting. While functional and move-in ready, the property requires cosmetic modernization and updates to systems to meet modern standards.
The property features a rare four-car garage configuration, including an extra-tall bay suitable for an RV, boat, or work truck, which is a significant competitive advantage in Long Beach.
Situated on a large 6,409 sqft lot, the property offers the potential to add one or two accessory dwelling units (ADUs), providing a clear path to increased rental income and value appreciation.
Located in a prestigious neighborhood near high-performing schools, the Colorado Lagoon, and Belmont Shore, the property ensures high tenant demand and long-term desirability.
Built in 1967, the property may require significant capital expenditures for modernizing systems or cosmetic updates to achieve maximum market rents.
The potential for additional ADUs is subject to city approval and complex development requirements, which may present hurdles or unexpected costs for investors.
Exceptional duplex investment opportunity in prestigious Belmont Heights! This well-located property features two generously sized two-story units, each offering spacious living areas and private balconies. A rare four-car garage configuration includes a two-car garage, a separate one-car garage, and an extra-tall one-car garage that may accommodate an RV, boat, work truck, recreational equipment, or additional storage. Situated on a large lot, the property may also offer potential for one or two accessory dwelling units, providing an opportunity to create additional rental income, subject to city approval and all applicable development requirements. Investors may benefit from future rental increases, property enhancements, and multiple income-producing possibilities. Conveniently located near elementary, middle, and high schools, including Woodrow Wilson High School and Bruin Stadium. Enjoy close proximity to the Musical Theatre West, Colorado Lagoon, Recreation Park Golf Course, Recreation Dog Park, Marine Stadium, playgrounds, neighborhood parks, restaurants, shopping, and Pacific Coast Highway. Just minutes from the ocean, Belmont Shore, and the Queen Mary, this property offers an outstanding combination of location, space, parking, and long-term upside potential. Better hurry on this one.
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 | 3,612 | 2,300.724 |
| Lot Size | 6,409 | 5,277.379 |
| Price | $1.38M | $1.24M |
| Price per sq ft | $381 | $513 |
| Built year | 1967 | 1949 |
| HOA | $0 | $0 |
| Days on market | 34 | 74 |
Aug 6, 2026
$1,375,000
Initial Listing