NEW PRICE! Exceptional Bluff Park Spanish Fourplex Owner-User Opportunity, Current Income & Future Upside Just Two Blocks from the Beach. Rarely does a property offer this combination of location, income, flexibility, and extensive improvements. If all four residences were rented, the property has the potential to generate approximately $11,495 per month / $137,940 annually in gross income. The spacious 4-bedroom, 2.5-bath current owner’s residence is estimated at $4,500 per month ($54,000 annually), while the three 1-bedroom residences currently generate a combined $6,995 per month ($83,940 annually). For an owner-user, the opportunity is equally attractive. Occupy the expansive four-bedroom main residence while collecting nearly $7,000 per month from the three additional residences, an exceptional combination of comfortable coastal living and substantial rental income. The property has benefited from over $700,000 in improvements, including an extensive reconstruction to the owners unit, taken down to the studs while carefully preserving the property’s original Spanish architecture and character. Improvements include updated plumbing and electrical systems, countertops, garage reconstruction, seismic retrofitting, HVAC, whole-house stereo, private laundry, and a private patio with built-in seating and BBQ. The residence also includes a two-car garage. Each of the three 1-bedroom residences enjoys its own private patio, while the property is centered around a beautifully landscaped courtyard accented by fountains, creating a wonderful sense of privacy, charm, and separation between the residences. Located just two blocks from the beach in highly desirable Bluff Park, this is a rare coastal investment offering current income, owner-user flexibility, and future income potentialall while enjoying the lifestyle and character of one of Long Beach’s most sought-after neighborhoods.
| MLS # | PW26081664 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1924 |
| Days On Site | 133 |
| Listing Provided By | Compass | Loree Scarborough |
| SQ Feet | 4,210 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.10 |
| Property View | Yes |
| Cooling | Central Air, Wall Window Units |
|---|---|
| Heating | Central, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Built In Features, Balcony, Crown Molding, Granite Counters, Recessed Lighting, Storage, Tile Counters, Unfurnished |
| Window Features | Casement Windows, Custom Coverings, Screens, Wood Frames |
| Appliances | Built In Range, Barbecue |
| Fireplace Yes / No | Yes |
| Exterior Features | Awnings |
|---|---|
| Roof | Spanish Tile |
| Construction Materials | Stucco |
| Lot Features | Zero To One Unit Acre, Back Yard, Garden, Landscaped, Near Park, Near Public Transit, Walkstreet |
| Parking Features | Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Sewer Tap Paid |
| Community Features | Biking, Curbs, Dog Park, Street Lights, Sidewalks, Park |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Bluff Park (BLF) |
| Listing VS Median (in Bluff Park (BLF)) | |
Price: $2,795,000 low | high Med: $2,445,000 sqft: 4,210 low | high Med: 5,847 $ / sqft: $664 low | high Med: $418 On site: 133 low | high Med: 14 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90803 |
| Area | 2 Belmont Heights | Alamitos Heights |
| Community Name | Bluff Park (BLF) |
| Listing VS Median (in Bluff Park (BLF)) | |
Price: $2,795,000 low | high Med: $2,445,000 sqft: 4,210 low | high Med: 5,847 $ / sqft: $664 low | high Med: $418 On site: 133 low | high Med: 14 | |
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