1562 W 31st Street,Long Beach, CA 90810
Long Beach, CA 90810
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.
Details
| MLS # | SB26112414 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1938 |
| Days On Site | 99 |
| Listing Provided By | Keller Williams Realty | John Hernandez-Ball |
Features
| SQ Feet | 2,586 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 3 |
| Zoning | LBR1N |
| Acreage | 0.15 |
Interior
| Cooling | Wall Window Units, Zoned |
|---|---|
| Heating | Wall Furnace, Zoned |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Asbestos Shingle |
|---|---|
| Lot Features | Two To Five Units Acre |
Parking
| Parking Features | Rv Access Parking |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Dog Park, Gutters, Storm Drains |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90810 |
| Area | 11 Westside |
| Community Name | Westside/North of Willow (WNW) |
| Listing VS Median (in Westside/North of Willow (WNW)) | |
Price: $1,249,000 low | high Med: $649,950 sqft: 2,586 low | high Med: 986 $ / sqft: $483 low | high Med: $660 On site: 99 low | high Med: 60.5 | |
Market Activity 90810
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90810 |
| Area | 11 Westside |
| Community Name | Westside/North of Willow (WNW) |
| Listing VS Median (in Westside/North of Willow (WNW)) | |
Price: $1,249,000 low | high Med: $649,950 sqft: 2,586 low | high Med: 986 $ / sqft: $483 low | high Med: $660 On site: 99 low | high Med: 60.5 | |
