6535 Downey, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath
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Long Beach, California 90805
This Multi-Generational Income Property is a High-Potential Investment Opportunity, listed at $879,900—positioned well above the $789,789 Fair Market Value by -11%. While priced above current estimates, the property offers significant utility through its Dual-Unit Income Potential and Approved ADU Plans. Featuring a Good Condition Rating with recent 2021-2023 system upgrades and a Granite Kitchen, it provides immediate rental viability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through secondary unit revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6535 Downey Subject | $879,900* List Price | 3 | 2 | 1,082 | $730 | - |
A 6404 Indiana Avenue Sold | $715,000 | 2 | 1 | 896 | $798 | 0.2 mi |
B 6301 Indiana Avenue Active Under Contract | $839,999 List Price | 3 | 2 | 1,385 | $606 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was updated in 2019 (5 years ago) and features high-quality interior finishes in the main house like granite countertops and wood flooring. Major systems are very recent, including a newer roof (2021), dual-pane windows (2023), and water heaters (2022). However, the rear living quarters appear more dated in photos compared to the front residence, placing the overall condition in the 'Good' category rather than 'Excellent'.
The property features a 3-bedroom front residence and a separate 1,184 sqft 2-bedroom rear unit, providing an exceptional opportunity for rental income or multi-generational living.
Significant updates including a newer roof (2021), dual-pane insulated windows (2023), and updated water heaters (2022) minimize immediate maintenance requirements for a new owner.
The inclusion of previously approved plans for a future ADU conversion offers a clear and efficient path to further increase the property's density and long-term market value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1082, other record living area = 2082. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The substantial rear living quarters are not reflected in the official 1,082 square footage, which may create challenges during the appraisal process and financing.
The assigned local schools, such as Captain Raymond Collins Elementary and Jordan High, have lower performance ratings, which may deter families specifically seeking high-performing educational zones.
Welcome to 6535 Downey Avenue, a MULTI-generational and income producing opportunity located in the desirable Ramona Park neighborhood of Long Beach. Originally built in 1949 and updated in 2019, this versatile property offers comfort, flexibility, and incredible future potential. The front residence features 3 bedrooms, 2 full bathrooms, and approximately 1,082 square feet of open concept living space. Inside, you will find warm wood flooring, exposed beam ceilings, abundant natural light, fresh interior paint, and a spacious living and dining area designed for both everyday living and entertaining. The upgraded kitchen showcases granite countertops, tile backsplash, warm-neutral color custom cabinetry with lifetime warranty, stainless steel LG stove, and a convenient indoor laundry area. Adding even more value, the rear living quarters offers approximately 1,184 square feet (not reflecting on the main total sq. footage) and is currently configured as a 2 bedroom, 1 bathroom unit ideal for rental income, guest accommodations, or extended family living. Additional improvements include a newer roof completed in 2021, dual pane insulated windows installed in 2023, and water heaters updated in 2022. The private primary suite provides a comfortable retreat with its own ensuite bathroom, while the outdoor spaces offer plenty of room to relax, entertain, or create your dream backyard oasis. The property also includes previously approved plans for a future ADU conversion, presenting an incredible opportunity for investors and owner occupants seeking to maximize long term value and income potential. Situated near parks, schools, shopping, dining, hospitals, major freeways, and just a short drive to the beach, this exceptional property combines modern upgrades, flexible living, and outstanding investment potential all in one. A rare opportunity in Ramona Park with endless possibilities.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
Grades 4-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,082 | 1,126 | 44% |
| Lot Size | 6,050 | 5,103 | 78% |
| Price | $879.9K | $715.0K | 96% |
| Price per sq ft | $813 | $651 | 81% |
| Built year | 1949 | 1942 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 137 | 3% |
May 29, 2026
$879,900
Initial Listing