1331 Atlantic Avenue, Long Beach, California 90813, Long Beach, 90813 - 3 bed, 2 bath

1331 Atlantic Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$985,000
1331 Atlantic Avenue, Long Beach, California 90813
3Beds
2Baths
2,211Sqft
6,909Lot
Year Built
1911
Close
-
List price
$985K
Original List price
$985K
Price/Sqft
$445
HOA
-
Days on market
-
Sold On
-
MLS number
OC25048259
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $985.0K(20th), sqft - 2211(20th), beds - 3(80th), baths - 2(80th).

RARELY AVAILABLE. Centrally located and recently renovated CRAFTSMAN home with front commercial rented unit. Only steps from transportation, shopping, St. Mary’s hospital, schools (Poly Tech), and many other amenities. Close to LB City College, 710 and 405 freeways. This 4 bedroom house (County shows 3 Bedrooms - Den was converted to 4th bedroom) was fully remolded in 2016 and renovated again in 2023 and 2025. Newer roof, double pane windows, kitchen with quartz countertop, W/D included, newer central furnace, fully fenced, plus many other upgrades. One bedroom has a separate entry and can be used as an office or…. Fireplace not functional. Commercial unit has ductless AC. Commercial unit is currently used as a hair salon but can be converted to an ADU. Per City, a secondary ADU is also permissible. NOT SUBJECT TO RENT CONTROL. Parking: Up-to 4 vehicles in the backyard for residential plus 3 additional slots for commercial. Do not disturbed tenant. Unique side and back alleys. Large yard is left unfinished for new owner to re-do (i.e. ADU). BONUS 1: Oil and gas royalties are included in the sale. BONUS 2: Recent RMU4 Zoning (Residential Mixed Use) allows for unrestricted density and up-to 5 stories + any ADU allowances. Parking will be optional for a new development. Buyer must confirm with the City. Also see OC25048265 & OC25046753. The information provided here is deemed reliable but is not guaranteed. Buyer is advised to independently verify any and all information related to the property. Owner/Agent

Price History

Date
Event
Price
03/05/25
Listing
$985,000
05/31/16
Sold
$349,500
Condition Rating
Excellent

Despite being built in 1911, the property has undergone extensive and very recent renovations in 2023 and 2025, as stated in the description. The images confirm a modern aesthetic with a kitchen featuring quartz countertops, dark shaker-style cabinets, and stainless steel appliances. Bathrooms are updated with contemporary tile work, new vanities, and fixtures. Flooring throughout is either modern tile or well-maintained hardwood laminate. The listing also notes a newer roof, double-pane windows, and a newer central furnace, indicating that major systems have been recently addressed. All components appear new or virtually new, meeting current quality standards.
Pros & Cons

Pros

Exceptional Development Potential: Recent RMU4 Zoning allows for unrestricted density, up to 5 stories, and multiple ADU allowances, presenting significant future development and value-add opportunities.
Mixed-Use Income & Flexibility: Features a currently rented commercial unit with ADU conversion potential, plus the allowance for a secondary ADU, providing diverse and robust income streams.
Extensive Recent Renovations: The residential unit was fully remodeled in 2016 and further renovated in 2023 and 2025, including a newer roof, double-pane windows, quartz kitchen, and central furnace, ensuring modern comfort and reduced immediate maintenance.
Prime Central Location & Accessibility: Centrally located steps from transportation, shopping, St. Mary’s hospital, schools (Poly Tech), and close to LB City College and major freeways (710/405), offering high convenience.
Passive Income & Rent Control Exemption: Includes oil and gas royalties for a unique passive income stream, and the property is explicitly not subject to rent control, enhancing rental profitability.

Cons

Unfinished Yard: The large yard is left unfinished, requiring substantial investment and effort from the new owner for landscaping or further development.
Non-Functional Fireplace: The fireplace is explicitly stated as not functional, which may be a drawback for some buyers seeking this amenity.
Bedroom Count Discrepancy: County records indicate 3 bedrooms, while the property is marketed as 4 (due to a den conversion), which may require buyer verification for appraisal or permitting purposes.

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