
Long Beach, California 90804
This Dual-Unit Residential Compound represents a Prime Investment Opportunity, listed at $1,300,000—positioned well below the $1,354,137 Fair Market Value by 3%. This valuation gap provides $54,137 in Instant Equity. Featuring two individually metered homes with a Condition Rating of 4, the property offers a 3-bedroom front house and a 2-bedroom rear unit with bonus rooms. Located near the Long Beach Traffic Circle and Sprouts, it combines rental income potential with urban convenience. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4375 E 14th Street Subject | $1,300,000* List Price | 5 | 4 | 2,648 | $472 | - |
A 831 Roswell Avenue Sold | $1,000,000 | 3 | 2 | 2,179 | $459 | 0.5 mi |
B 4049 E 15th Active | $1,425,000 List Price | 3 | 2 | 2,452 | $581 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this property has been well-maintained and 'lovingly cared for' by the same family for 33 years, but it lacks recent comprehensive renovations. While it features some updates like dual-pane windows and is move-in ready, the kitchens and bathrooms display dated cabinetry, older tile work, and mid-range appliances consistent with styles from 20-30 years ago. The property is functional and clean but requires cosmetic modernization to meet current market standards for 'Good' or 'Excellent' conditions.
The property features two separate homes on a single lot, each individually metered for gas and electricity, offering exceptional potential for rental income or multi-generational living.
Situated near the Long Beach Traffic Circle, the home is within walking distance to popular amenities like Sprouts, diverse dining options, and local shopping, ensuring high desirability.
The back house includes two bonus rooms and separate alley access, providing a private and flexible layout ideal for a home office, creative studio, or guest quarters.
Originally built in 1923, the property may require significant capital improvements or modernization of vintage systems to meet contemporary building standards.
With laundry facilities located in the garage and the secondary unit situated above the parking structure, the layout may present minor accessibility and convenience challenges for some residents.
First time on the market in 33 years. Incredible 2 home lot. Both homes have been occupied by and lovingly cared for, by the same family. Each home is individually metered for electric and gas. Front house has 3 bedrooms and 1 1/2 bathrooms. Back house has 2 bedrooms and 2 bathrooms plus 2 bonus rooms. Located near the Traffic Circle. Close to the new Sprouts. The Habit. The Circle LBC, Lees Sandwich, Cyclo-Noodle and Charo Chicken The front home has a large living room that flows beautifully into a large dining room with built-ins and dual pane windows. Nice sized bedrooms and full bathroom. Kitchen is ample size and there is a 1/2 bath by back door. Back house (above garages) has an enclosed staircase. Enter into the living room/dining room with 2 balconies. Filled with nice light these 2 bedrooms and bathroom make this home very livable. Downstairs are the 2 bonus rooms with a bathroom. Laundry is in the garage. If you want to keep the residences separate, simply require the back house occupant to access the property by the garage, through the alley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 95% |
| Baths | 4.0 | 2.0 | 89% |
| Square foot | 2,648 | 1,092 | 89% |
| Lot Size | 6,475 | 5,063 | 79% |
| Price | $1.30M | $916.0K | 89% |
| Price per sq ft | $491 | $842 | 16% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 141 | 5% |
Mar 16, 2026
$1,300,000
Initial Listing
Nov 16, 1993
$225,000
Public Record