3409 E 2nd StreetLong Beach, CA 90803

Description

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 potential—all while enjoying the lifestyle and character of one of Long Beach’s most sought-after neighborhoods.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Spanish

Year built

1924

Stories

2

Building area

4,210 Sq Ft

Lot size

0.10 acres

Garage spaces

4

Parking spaces

4

Days on market

154

MLS^® Listing#

PW26081664

Property Features

Interior

Built-in Features · Crown Molding · Granite Counters · Recessed Lighting · Storage · Tile Counters

Exterior

Barbecue · Garden · Balcony · Awning(s)

Appliances

Built-In Range

Cooling

Central Air · Wall/Window Unit(s)

Heating

Central · Wall Furnace

Flooring

Carpet · Wood

Fireplace

Gas · Kitchen · Living Room · Outside · Master Bedroom

Pool

None

Parking

Garage Faces Rear

Laundry

Common Area · Laundry Room

Lot features

Back Yard · Garden · Landscaped · Near Public Transit

Construction

Stucco

Roof

Spanish Tile

Windows

Screens · Wood Frames

Community

Curbs · Street Lights · Sidewalks · Park

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Water source

Public

Financial Details

HOA

None

Parcel number

7264002010

Directions

Redondo, east on to 2nd St