A rare opportunity combining turnkey living, rental income potential, and future development upside on an approximately 7,500 SF lot in Long Beach. The property features a beautifully remodeled 2-bedroom, 1-bath primary residence plus a newly completed, legal 1-bedroom, 1-bath attached ADU with its own completely separate entrance and no interior connection between the units. The main residence has been extensively updated and offers an inviting open-concept living, dining and kitchen layout, updated kitchen and bath, newer flooring and finishes, and a functional bedroom arrangement that includes direct bathroom access from one bedroom. The separate ADU was thoughtfully designed to maximize its approximately 384 SF footprint and includes a full kitchen, full bath, dedicated laundry hookup, mini-split heating and air conditioning, and its own private exterior entrance. Refrigerators and ranges are included in both residences, and each unit has its own stackable laundry hookup. Live in the primary residence and rent the ADU, occupy the ADU while leasing the larger home, or operate both as rentals - the property offers exceptional flexibility for an owner-occupant, multigenerational household, or investor. Outside, the unusually deep lot provides a two-car carport plus extensive additional space for parking, vehicles, storage, outdoor use, or future development. The property is located within Long Beach's PD-30 Downtown Plan area and a designated Opportunity Zone. Importantly, the property previously received City approval for development of five condominium units, demonstrating its substantial redevelopment potential. Selling agent and buyer to independently verify current zoning, development standards, entitlements and Opportunity Zone benefits. The ADU has passed final inspection with the City and is a fully legal unit. A unique combination of a move-in-ready home, independent second residence, abundant land and long-term development optionality.
PROPERTY DETAILS: Square Feet: 1200 | Bathrooms: 2
INTERIOR FEATURES: • Appliances: Disposal, Refrigerator, Tankless Water Heater, Gas Range • Flooring: Laminate • Cooling: Ceiling Fan(s) • Heating: Fireplace • Common Walls: 2+ Common Walls • Doors/Windows: Blinds, Screens • Fireplaces: Living Room • Security: Window Bars, Carbon Monoxide Detector(s), Smoke Detector(s) • Additional Interior Features: Ceiling Fan(s), Open Floorplan
EXTERIOR FEATURES: • Parking: 2 Carport Spaces, 2 Parking Spaces, Concrete, RV Access/Parking, Driveway, Attached Garage Carport. • Exterior: Stucco • Patio: Patio, None • Roof: Composition • Pool Description: None • Spa: None • Zoning: LBR4N • Fence: Wrought Iron, Chain Link, Wood • Structural Condition: Updated/Remodeled • Additional Exterior/Lot Features: RV Access/Parking, Patio Level, Back Yard
LISTING AGENT: Agent: Miguel Palos | Office: Ontrak Real Estate | Phone: 5627875626 | Email: [email protected]
LISTING INFORMATION: MLS#: DW26194178 | Status: FOR SALE
