26
See all 26 photos
$888,888
Est. payment /mo
7 Beds
3 Baths
6,233 Sqft Lot
New
428 E 20th Street Long Beach, CA 90806
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID OC26232138
Bedrooms 7
Lot Size 6,233 Sqft
Property Sub-Type Res Income 2-4 Units
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 finishesopen layouts, designer tile, quartz counters, in-unit laundry, and mini-split HVAC systemsto maximize capitalization rates or realize significant equity upon resale. **Flexible Exit Strategies:** *Buy-and-Hol
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Use Navigation
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7209010010
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Lenny Spangler, DRE#01209777 HCM Real Estate
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