
Long Beach, California 90805
This Strong Value Opportunity is a versatile Residential Income Duplex listed at $899,000—positioned well below the $950,667 Fair Market Value by 5%. This valuation gap provides $51,667 in Instant Equity. With a Condition Rating of 4, the property offers a stable foundation for value-add cosmetic updates. Featuring separate utility meters and ample parking for six vehicles, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5940 Gundry Avenue Subject | $899,000* List Price | 0 | 0 | 1,867 | $495 | - |
A 5630 Myrtle Sold | $730,000 | 4 | 3 | 1,800 | $406 | 0.5 mi |
B 5623 Lemon Avenue Sold | $880,000 | 0 | 0 | 2,054 | $428 | 0.4 mi |
C 6576 California Sold | $650,000 | 0 | 0 | 1,168 | $557 | 0.1 mi |
D 1430 E Michelson Street Sold | $850,000 | 0 | 0 | 1,360 | $625 | 0.5 mi |
E 5953 Gaviota Avenue Pending | $899,888 List Price | 5 | 3 | 2,220 | $405 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property is well-maintained, it was built in 1924 and the interior finishes, specifically the kitchen with its tile countertops and older white appliances, appear to be from a renovation older than 20 years. The presence of window AC units suggests dated HVAC systems, and the overall aesthetic is functional but dated, requiring modernization.
This rare single-level duplex features two 2-bedroom, 2-bathroom units with separate utility meters, making it an ideal setup for multi-generational living or an owner-occupant looking to offset their mortgage with rental income.
The property includes a long private driveway and a detached two-car garage, providing off-street parking for at least six vehicles—a significant premium and convenience in the North Long Beach area.
Unlike many older multi-family properties, both units offer a highly desirable 2-bathroom configuration, including ensuite primary bedrooms and spacious kitchens, maximizing tenant appeal and comfort.
Originally built in 1924, the property may require ongoing maintenance or capital improvements to aging systems typical of homes from this era to meet modern efficiency standards.
With two residences and a large detached garage on a 4,759-square-foot lot, the shared outdoor space is relatively compact, which may limit private recreational options for individual tenants.
Some properties simply offer space—this rare single-level duplex offers possibilities. Well maintained and thoughtfully designed, it presents a wonderful opportunity for multi-generational living, owner-occupancy with rental income, or a valuable addition to an investment portfolio. Each residence features 2 bedrooms, 2 bathrooms, separate utility meters, and a floor plan that balances privacy with everyday comfort. The front residence offers approximately 1,026 square feet of warm, inviting living space. Living room is spacious. The front bedroom features a wall of custom built-in wood cabinets, providing exceptional storage, while a well care for full bathroom is conveniently located next door. The generously sized second bedroom is a private ensuite complete with its own walk-in shower. The bright, airy kitchen offers abundant cabinetry and generous counter space, making everything from everyday meals to special celebrations a delight. A charming porch nestled between the two homes creates a peaceful setting to enjoy your morning coffee, greet neighbors, or simply relax and savor the fresh air. The back residence, approximately 841 square feet, offers the same thoughtful design with a spacious living room, two comfortable bedrooms, a well-maintained hallway full bathroom, and one bedroom with its own ensuite. The kitchen opens directly to the detached two-car garage and a generous backyard, creating an effortless connection between indoor comfort and outdoor enjoyment. A long private driveway leading to the detached two-car garage provides parking for at least four additional vehicles—an exceptional convenience for residents and guests alike. Ideally located just minutes from Bret Harte Elementary, Lindbergh Middle, Jordan High School, the 91 and 710 Freeways, and surrounded by shopping, dining, parks, and everyday conveniences, this versatile property is ready to fit your lifestyle. Whether you're bringing generations together under one address, living in one home while the other helps build your financial future, or expanding your real estate portfolio, this rare duplex offers more than a place to live—it offers the opportunity to create memories, build wealth, and enjoy lasting value. Welcome home!
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 | 1,867 | 2,300.724 |
| Lot Size | 4,759 | 5,277.379 |
| Price | $899.0K | $1.24M |
| Price per sq ft | $482 | $513 |
| Built year | 1963 | 1949 |
| HOA | $0 | $0 |
| Days on market | 37 | 74 |
Aug 3, 2026
$899,000
Initial Listing