Eco Friendly
Listed By:
John Hernandez-Ball with Keller Williams Realty; 3102480272
Address
1562 W 31st Street, Long Beach, CA
Price
$ 1,249,000
Property Attributes
  • MLS#SB26112414
  • TypeSingle Family
  • Listing Status Active
  • CountyLos Angeles
  • CityLong Beach
  • Area Westside
  • NeighborhoodWestside/North of Willow (WNW)
  • Zip90810
  • Style
  • Year Built1938
  • Price$ 1,249,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2586
  • Lot Size0.1454 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

Rare vacant multi-unit opportunity in a highly desirable Westside Long Beach location featuring 4 separate living spaces , offering exceptional versatility for investors, owner-occupants, house hackers, or multi-generational living. The property consists of a front 2-bedroom, 1-bath home, an upper-level 2-bedroom, 1-bath unit, a newly constructed 1-bedroom, 1-bath ADU, and an additional 2-bedroom, 1-bath rear unit, creating a unique compound-style layout where each residence feels like its own private home. Designed around a central courtyard, the property offers an inviting outdoor gathering space ideal for entertaining, relaxing, or creating separation and privacy between the residences. The courtyard enhances the property's charm and creates a true compound-style atmosphere that is difficult to find. Property has an assumable loan at 2.5 percent interest rate.Per seller, one of the units was previously utilized as a short-term rental and reportedly generated approximately $5,000/month in Airbnb income. Buyers are advised to independently verify all short-term rental regulations, permits, use restrictions, and income potential with the City of Long Beach. The property will be delivered completely vacant at closing, creating a rare opportunity to immediately occupy, lease at market rents, or customize the property to fit a variety of living and investment strategies. The newly built ADUs provide modern appeal and strong income potential. Conveniently located near restaurants, Silverado Park, freeways, public transportation, and nearby bus stops. Located in a very desirable area of Westside Long Beach and just minutes from the beach and ocean. Rare opportunities featuring new ADUs, multiple residences, bonus space, courtyard living, and vacant delivery are increasingly hard to find.

Price History
5/24/2026 Listed $1,249,000

General Features

Sewer PublicSewer
Heating WallFurnace,Zoned
Cooling WallWindowUnits,Zoned
Possession CloseOfEscrow
Roof AsbestosShingle
Zoning LBR1N
Pool Features None
Year Built 1938
Stories Count 1
Levels One,Two
Property Subtype Duplex
Gross Income 132000
Community Features Biking,DogPark,Gutters,StormDrains
County Los Angeles
Net Operating Income 107880
Operating Expense 24120
Insurance Expense 2400
New Construction false
Property Type ResidentialIncome
MaintenanceExpense 1800
Subdivision Name Westside/North of Willow (WNW)
Garage Y/N false
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions North on Sante fe ave, right on 31st st
City Long Beach
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 5
Number Of Units Total 4
MLS Area 11 - Westside
Lot Size Units SquareFeet
Lot Size Square Feet 6334
Listing Terms Cash,Conventional,Exchange1031
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1200
Current Financing Fha
Property Condition AdditionsAlterations,UpdatedRemodeled
Water Sewer Expense 3120
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 53
Property Sub Type Additional Duplex
Taxes 15600
Cap Rate 8.6
PostalCity LONG BEACH

Interior Features

Flooring Tile,Vinyl,Wood
Fireplace Features None
Total Stories 1
Common Walls NoCommonWalls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside,Outside
Entry Level 1

Exterior Features

Parking Features RvAccessParking
Lot Features TwoToFiveUnitsAcre
Water Source Public
Total Parking 5
Lot Size Area 6334
Number of Buildings 3
Spa false
Building Area Total 2586
Lot Size Acres 0.1454
Private Pool false
Lot Size Source Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 90810

Price
AVG $830K
$1.25M
Year Built
AVG 1952
1938