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Jiaqi (Shirley) Xiang

jiaqi.xiang@exprealty.com +1(626) 362-5570

$888,888

Est. payment - /mo

6,233 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID OC26232138

Construction Status Fixer,Repairs Major

HOA Y/N No

Year Built 1919

Lot Size 6,233 Sqft

Property Sub-Type Triplex

Property Description

Calling all Fixer Upper Investors!!
**Exceptional Value-Add Triplex Opportunity in High-Demand Long Beach**
Positioned on a single parcel in a strong rental submarket of Long Beach, this three-unit residential property offers a rare combination of immediate utility and substantial upside. Featuring a 3 bedroom detached front residence alongside a separate rear duplex, the setup provides the exact floor plan and configuration sought after by both value-add investors and aggressive fix-and-flip operators.
**Front Unit (Detached Single-Family Feel):** Well-maintained and in turnkey condition. This unit requires minimal upfront capital expenditure, allowing an owner-user to live comfortably while renovating the rear, or an investor to secure immediate in-place cash flow on day one.
**Rear Units (2-Unit Structure):** Two detached units situated directly behind the front home, both primed for a complete down-to-the-studs refurbishment. Bring your contractor and vision to reimagine the layouts, modern finishes, and system upgrades to capture peak market rents.
## Key Investment Highlights:
**Immediate Rental Income or House-Hack Setup:** The functional front home eliminates downtime risk, serving as an immediate revenue generator or on-site base of operations during construction.
**Significant Rent & Equity Upside:** Transform the distressed rear duplex to market-rate finishes—open layouts, designer tile, quartz counters, in-unit laundry, and mini-split HVAC systems—to maximize capitalization rates or realize significant equity upon resale.
**Flexible Exit Strategies:**
*Buy-and-Hold:* Complete the rehab, refinance into long-term debt, and hold a high-performing multi-family asset in a supply-constrained Southern California market.
*Fix-and-Flip:* Maximize margins by renovating the rear units, refreshing exterior curb appeal, and reselling to an investor seeking a stabilized, turnkey multi-unit asset.

Triplex configurations featuring a detached primary home rarely come to market with this level of untapped equity. Whether you are looking to build a resilient cash-flowing portfolio or execute a high-return renovation project, this Long Beach property delivers the footprint, flexibility, and upside to hit your target returns.

Location

State CA

County Los Angeles

Area 9 - Poly High

Rooms

Other Rooms Two On A Lot

Interior

Interior Features Ceiling Fan(s), Unfurnished

Heating Wall Furnace

Cooling None

Flooring See Remarks

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup, Outside

Exterior

Parking Features Concrete, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, Gated, Paved

Garage Spaces 1.0

Garage Description 1.0

Fence Security, Wrought Iron

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility None

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Level, Rectangular Lot, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories Two

Additional Building Two On A Lot

New Construction No

Construction Status Fixer,Repairs Major

Others

Senior Community No

Tax ID 7209010010

Security Features Window Bars

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit

Special Listing Condition Standard

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Listed by Lenny Spangler HCM Real Estate 949.212.3703, DRE #01209777

NEARBY SCHOOL & BUSINESS

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428 E 20th Street Long Beach, CA 90806