
Long Beach, California 90802
This High-Capacity Multi-Family Asset is a Prime Investment Opportunity listed at $895,000—positioned well below the $917,808 Fair Market Value by 2%. This valuation gap offers $22,808 in Instant Equity. Featuring a rare eight-bedroom layout with updated interiors and a Condition Rating of 3, the property provides immediate scale near top-rated schools like International Elementary. With a detached garage and month-to-month flexibility, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house hack in East Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 643 Elm Avenue Subject | $895,000* List Price | 0 | 0 | 2,304 | $398 | - |
A 416 Lime Active | $995,000 List Price | 0 | 0 | 2,204 | $451 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1917, the property has undergone significant interior renovations. The units feature modern laminate flooring, updated kitchens with stainless steel appliances and tile backsplashes, and remodeled bathrooms with contemporary vanities and tile work. It is move-in ready with well-maintained systems, though the age of the structure and exterior infrastructure keeps it from an 'excellent' rating.
Each unit features a rare four-bedroom, two-bathroom configuration, offering exceptional scale and rental income potential seldom found in standard duplexes.
The inclusion of a detached garage and a long driveway provides significant parking capacity, a highly coveted and rare asset in the dense East Village neighborhood.
With both units on month-to-month leases and separately metered utilities, the property offers the buyer maximum flexibility for owner-occupancy or immediate rent adjustments to market rates.
The building footprint occupies nearly the entire 2,351 sqft lot, leaving virtually no yard or private outdoor common areas for tenants.
Originally constructed in 1917, the property may require significant long-term maintenance for aging structural or systemic components that cosmetic interior updates do not address.
A rare chance to own an exceptionally spacious duplex in one of Southern California’s most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, making it a unique find with a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. With its sheer size, functionality, and prime location, this duplex provides impressive rental potential along with room for future upside. The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forward. Ideally located near dining, shopping, the beach, and freeway access, this property combines a prime Long Beach location with unmatched scale. Whether you are looking to expand your portfolio or take advantage of value-add opportunities, this unique duplex checks all the boxes.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
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 | 2,304 | 2,765 | 40% |
| Lot Size | 2,351 | 4,450 | 7% |
| Price | $895.0K | $1.10M | 20% |
| Price per sq ft | $388 | $388 | 50% |
| Built year | 1917 | 1920 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 74 | 194 | 13% |
Feb 7, 2026
$895,000
Initial Listing
Apr 2, 2004
$505,000
Public Record
Apr 15, 1999
$220,000
Public Record
Feb 12, 1999
$120,000
Public Record