509 E 37th, Long Beach, California 90807, Long Beach, 90807 - 0 bed, 0 bath
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Long Beach, California 90807
This Versatile Income-Producing Duplex is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,055,628 Fair Market Value by 5%. This valuation gap provides $60,628 in Instant Equity for the incoming buyer. Maintaining a Fair Condition Rating, the property features two 2-bedroom units equipped with private fenced patios and dedicated one-car garages. Located in the prestigious Bixby Knolls neighborhood near scenic wetlands and local dining, it perfectly balances lifestyle perks with financial upside. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a stable, high-demand asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 509 E 37th Subject | $995,000* List Price | 0 | 0 | 1,976 | $534 | - |
A 3581 Olive Avenue Sold | $1,110,000 | 0 | 0 | 1,808 | $614 | 0.3 mi |
B 3620 Country Club Drive Sold | $999,000 | 0 | 0 | 2,100 | $476 | 0.5 mi |
C 1731 E Wardlow Road Sold | $1,000,000 | 4 | 2 | 2,510 | $398 | 1.0 mi |
D 3696 California Sold | $1,285,000 | 0 | 0 | 2,499 | $514 | 0.8 mi |
E 3706 Pine Active | $1,200,000 List Price | 0 | 0 | 2,402 | $500 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this duplex is described as well-maintained but retains vintage infrastructure and shows signs of age. The exterior features older window styles and visible window AC units, suggesting a lack of modern central climate control. While functional and suitable for an investment or owner-user, the property lacks evidence of recent comprehensive renovations to its major systems or aesthetic features, placing it firmly in the 'fair' category.
Situated in the prestigious Los Cerritos/Bixby Knolls area, the property benefits from a quiet, tree-lined street near top-tier dining, shopping, and scenic wetlands.
This well-maintained duplex features two 2-bedroom units, offering a versatile opportunity for either a savvy investor or an owner-user looking to offset their mortgage.
Each unit includes its own dedicated one-car garage and a private fenced patio, providing the privacy and storage typically reserved for single-family homes.
Built in 1954, the property may require ongoing maintenance or modernization of major systems to meet contemporary efficiency standards.
With only one garage space per unit and no mention of additional off-street parking, multi-vehicle households may find the parking arrangements restrictive.
Located in the highly sought-after Los Cerritos/Bixby Knolls neighborhood of Long Beach, this well-maintained single-story duplex presents an exceptional investment or owner-user opportunity. Each unit is a well-proportioned 2-bedroom 1 bath unit and includes its own one-car garage. The property features a private, fenced patio and garden area, ideal for outdoor relaxation or entertainment. Each unit offers the convenience of its own one-car garage, adding to the property’s overall appeal. Nestled on a quiet, tree-lined street surrounded by historic homes, the location is known for its peaceful atmosphere and access to highly regarded schools. Residents will enjoy proximity to the Dominguez Gap Wetlands, offering scenic outdoor space and walking trails. Just minutes away is a vibrant selection of shopping, dining, and local hotspots, including Sushi Nikkei, Nonna Mercato, Sala, Ambitious Ales, Salud, Taboon, SteelCraft, and more. Centrally located with easy access to major freeways (405 & 710 fwy), this property is ideal for commuters traveling to Los Angeles or Orange County. Additionally, it is less than one mile from a Metro station, providing convenient public transportation options.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,976 | 2,504.5 | 20% |
| Lot Size | 6,767 | 6,608.5 | 50% |
| Price | $995.0K | $1.27M | 10% |
| Price per sq ft | $504 | $437 | 60% |
| Built year | 1954 | 1960 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 199 | 20% |
Apr 15, 2026
$995,000
Initial Listing