
Long Beach, California 90813
This Residential Income Duplex is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,148,570 Fair Market Value by 8%. This valuation gap offers $98,570 in Instant Equity. Featuring a Condition Rating of 2, the property includes extensive system upgrades like a 2025 plumbing re-pipe and 2019 electrical updates. With private outdoor deck and patio spaces, this turnkey asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hacking strategy in a high-demand Long Beach location.
Turnkey Long Beach duplex with $98k instant equity. Fully renovated 4-bedroom units, modern systems, and private outdoor space. Ideal for investors or house-hacking.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 932 Walnut Subject | $1,050,000* List Price | 0 | 0 | 2,725 | $386 | - |
A 1612 E 7th Sold | $1,150,000 | 0 | 0 | 3,022 | $381 | 0.2 mi |
B 1136 E Alhambra Court Active | $1,000,000 List Price | 0 | 0 | 2,368 | $422 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a total modernization with kitchens and bathrooms renovated to contemporary standards. Major systems are nearly new, including electrical wiring and panels (2019) and a full plumbing re-pipe (2025), meeting the criteria for a high-end renovation within the last 5 years.
This duplex features two large 4-bedroom homes, with the rear unit capable of generating enough income to cover over 50% of the mortgage, making it an ideal opportunity for house-hacking or investors.
The property boasts significant recent capital improvements, including a full plumbing re-pipe (2025), new sewer line (2024), and updated electrical wiring and panels (2019), significantly reducing future maintenance liability.
Both units have been fully renovated with open-concept floor plans, updated kitchens and bathrooms, new windows, and in-unit laundry, offering a move-in ready experience that commands premium market rents.
Originally built in 1918, the property may still possess inherent structural characteristics or foundation limitations common to century-old buildings despite the extensive modern renovations.
Located in a high-density area of Long Beach, the property may face typical urban drawbacks such as limited street parking for guests and close proximity to neighboring high-occupancy residences.
Two large totally renovated 4 bedroom homes on a lot for the price of one! Move-in ready front house plus an upgraded rear house generating enough consistent income to cover more than 50% of your mortgage with a long-term stable rental history. With over 2700 of total rentable square footage, both houses have been totally modernized including renovated bathrooms & kitchens, new windows, vinyl flooring, overhead lighting, open concept floor plans, and in-unit laundry. Extensive major system replacements have been done with new electrical wiring and panels (2019), full plumbing supply & drain re-pipe (2025), sewer line (2024), and new fencing and security gate (2022). Both homes also offer attractive outdoor spaces making each feel like a true single family residence. A covered porch and large patio in the front plus a private side deck with an outdoor bonus room give the front home tons of indoor/outdoor living while the rear home offers a private patio plus gated parking for 2 cars. The two units are separately metered for gas an electrical, minimizing expenses. Located at the border between Craftsman Village and Cambodia town neighborhoods, the location is very walkable with many local markets and shops. Short commutes of 10 blocks to the beach, 2 miles to the 710 freeway, and 2.5 miles to the 405. The Blue line with express service to downtown LA is just 1 mile to the West.
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 | 2,725 | 2,300.724 |
| Lot Size | 5,858 | 5,277.379 |
| Price | $1.05M | $1.24M |
| Price per sq ft | $385 | $513 |
| Built year | 1918 | 1949 |
| HOA | $0 | $0 |
| Days on market | 34 | 74 |
Aug 6, 2026
$1,050,000
Initial Listing
Aug 9, 2019
$665,000
Public Record
Jun 20, 2014
$420,000
Public Record
Aug 30, 2005
$630,000
Public Record