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1562 W 31st St

long beach, CA 90810

$1,249,000

    Interested? Let's Connect

    Rare vacant multi-unit opportunity in a highly desirable Westside Long Beach location featuring 4 separate living spaces plus a bonus flex unit, 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.

    Details

    2,586 Sq Ft

    6,334 Sq Ft Lot Size

    other

    Built in 1938

    MLS/Listing ID SB26112414

    1 Stories

    4 Units

    Amenities & Features

    Cooling - Zoned

    Tile

    Vinyl

    Natural Wood

    Heating - Wall Furnace

    Heating - Zoned

    Inside

    Outside

    Parking - RV Access Parking

    Public Sewer

    Public Water

    Community - Biking

    Community - Dog Park

    Community - Gutters

    Community - Storm Drains

    Cooling - Wall/window unit(s)

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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