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Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Peninsula (Pi)
MLS Listing ID OC26037887
Year Built 1951
Annual Tax Amount $25,845
Lot Size 1,955 Sqft
Property Sub-Type Duplex
Property Description
Turnkey Peninsula income property located close to the sandy Bay shoreline in Long Beach. Fully renovated duplex configuration consisting of a 3-bedroom, 2-bath front residence and a 1-bedroom, 1-bath unit above a detached 2-car garage. Property zoned as a duplex.
Extensive permitted capital improvements completed in 2025 include new roofs on both units, full PEX re-pipe, upgraded electrical panels, mini-split HVAC systems in both units, new garage door, new washer/dryer units and a new tankless water heater servicing the rear unit. In 2024 both kitchens and all baths were remodeled, new appliances including refrigerators, flooring and electric fireplace added then too.
The back unit is currently city-registered and operating as a 5-star Airbnb, averaging approximately 5k-6k per month (can show history). Ideal for short-term rental, long-term lease, or owner-occupant with income strategy.
Prime Bay-side location near waterfront recreation, yacht club, and the high-demand Belmont Shore and Naples lifestyle corridor ensures strong rental appeal. Significant system upgrades reduce deferred maintenance and enhance long-term investment stability.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning Duplex
Rooms
Other Rooms Guest House Detached
Interior
Heating Ductless, Electric, Fireplace(s), Zoned
Cooling Ductless, Electric, Zoned
Flooring Laminate
Fireplaces Type Electric, Living Room
Laundry Laundry Closet, In Garage
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Door-Single, Garage, No Driveway, Garage Faces Rear, Side By Side
Garage Spaces 2.0
Garage Description 2.0
Fence Block, Wood
Pool None
Community Features Curbs, Gutter(s), Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
Waterfront Description Beach Access,Ocean Access,Ocean Side Of Highway
View Y/N Yes
View Bay, Courtyard, Neighborhood, Peek-A-Boo, Water
Roof Type Composition,Shingle
Building
Lot Description Corners Marked, Level, No Landscaping, Rectangular Lot
Story 2
Foundation Raised, Slab
Sewer Public Sewer, Sewer Tap Paid
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan, Conventional, Trust Deed
Listing Terms Cash to New Loan, Conventional, Trust Deed
Special Listing Condition Standard, Trust
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Bought with Darcy Ann Peery eXp Realty of California Inc.
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