$1,039,900
$60K PRICE DROP

Estimated payment $5,807/month

Total Views 15,692
5 Beds
4 Baths
2,085 Sq Ft
$499 Price per Sq Ft

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Property is near public transit
  • Long Beach Polytechnic High School Rated A
  • Craftsman Architecture
  • 1-minute walk to Peace Park

About This Home

Income Producing • Duplex + Additional Unit • Owner-User Opportunity • Renovated•
Located at 1347 Atlantic Ave in Long Beach, this income-producing property offers multiple units and flexible living options on a 7,000+ sq ft lot, ideal for investors or owner-users looking to offset their mortgage.
The front home is a revived single-story Craftsman, offering over 1,700 sq ft with 3 bedrooms and 2 bathrooms, blending modern upgrades with preserved classic character. The home has been taken down to the studs and fully renovated, featuring a massive open-concept kitchen with large countertop seating, updated finishes, and seamless flow into the main living areas—ideal for everyday living and entertaining.
Interior improvements include designer lighting, updated plumbing fixtures, mirrors, vinyl windows, full HVAC system, full electrical re-wire with new panel, and new water heater. The primary suite offers generous space with an en-suite bath, creating a comfortable private retreat.
The rear unit is a studio apartment, and the property also includes a third income-producing unit (inquire for details), providing additional rental potential and flexibility for extended occupancy or supplemental income.
Exterior features include a large covered front patio resurfaced with stone, turf front yard, large rear backyard, fresh landscaping, and expansive driveway space with parking for multiple vehicles, including a 5-car driveway for the front home and separate 2-car driveway for the rear unit.
A rare opportunity to own a fully renovated, multi-unit property with strong income potential, flexible living options, and extensive upgrades already completed.

Listing Agent

Frank Magdaleno

BayBrook Realty Brokerage Phone: 714-661-7877 License #01374770 Listed on: 04/23/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 7,056 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Fence is in excellent condition
  • Landscaped
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Home Design

  • Duplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 2,085 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Panel Doors
  • Family Room
  • Utility Room
  • Laundry Room
  • Vinyl Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • 4 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available
  • Driveway

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269029012
  • $564 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $95,400
  • Net Operating Income $63,942

Property Details

Home Type

Multi-Family

Year Built

Built in 1912 | Remodeled

Lot Details

7,056 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.10
  • Inclusions: Stainless Steel kitchen stove, dishwasher, and refrigerator
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Poly High (PH)
  • Architectural Style: Craftsman
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7269029012
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters, Recessed Lighting, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 498.75
  • Room Type: Primary Bedroom, Utility Room, Laundry, All Bedrooms Down, Main Floor Primary Bedroom, Kitchen, Main Floor Bedroom, Family Room, Primary Suite, Primary Bathroom
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl, Excellent Condition
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater, Disposal, Refrigerator, Range Hood, Gas Range, Gas Oven, Dishwasher
  • Heating Type: Central
  • Laundry Features: Inside, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Landscaped, Level, Near Public Transit, Front Yard, Back Yard, Lawn, Yard
  • Lot Size Sq Ft: 7056.00
  • Lot Size Acres: 0.1620

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Income: 95400.00
  • Gross Operating Income: 90630.00
  • Gross Scheduled Income: 95400.00
  • Lot Size Area: 7056.0000 Square Feet
  • Net Operating Income: 63942.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 26688.00
  • Rent Control: No

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 5753
  • TaxOtherAnnualAssessmentAmount: 564.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $1,160 $625,000 $375,000 $250,000
2025 $1,160 $46,998 $37,964 $9,034
2024 $1,126 $46,077 $37,220 $8,857
2023 $1,106 $45,175 $36,491 $8,684
2022 $1,058 $44,290 $35,776 $8,514
2021 $1,022 $43,423 $35,075 $8,348
2020 $1,018 $42,979 $34,716 $8,263
2019 $1,009 $42,137 $34,036 $8,101
2018 $873 $41,312 $33,369 $7,943
2016 $795 $39,710 $32,074 $7,636
2015 $772 $39,115 $31,593 $7,522
2014 $783 $38,350 $30,975 $7,375
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2026 08/21/26 Price Changed $1,039,900 -1.0% $499 / Sq Ft
08/20/2026 08/20/26 For Sale $1,049,900 0.0% $504 / Sq Ft
08/18/2026 08/18/26 Off Market $1,049,900 -- --
07/08/2026 07/08/26 Price Changed $1,049,900 -2.3% $504 / Sq Ft
05/26/2026 05/26/26 Price Changed $1,074,900 -2.3% $516 / Sq Ft
04/23/2026 04/23/26 For Sale $1,099,900 +76.0% $528 / Sq Ft
07/10/2025 07/10/25 Sold $625,000 0.0% $300 / Sq Ft View Prior Sale
07/10/2025 07/10/25 For Sale $625,000 -- $300 / Sq Ft
06/11/2025 06/11/25 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- Fidelity National Title
Grant Deed $625,000 Fidelity National Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $468,750 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26083839

California Regional Multiple Listing Service (CRMLS)

APN: 7269-029-012

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