Eco Friendly

Address

1562 W 31st Street, Long Beach, CA

Listing Type

Active

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