3435 Orange Avenue, Long Beach, California 90807, Long Beach, - bed, bath

home-pic
ACTIVE$995,000
3435 Orange Avenue, Long Beach, California 90807
6Beds
3Baths
3,216Sqft
5,751Lot
Year Built
1939
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25158453
Home ConditionFair
Features
ViewNeighborhood

About this home

Investor Special in Prime Long Beach – Triplex with Huge Upside! Welcome to 3435 Orange Ave, a rare triplex opportunity in the sought-after Bixby Knolls/California Heights neighborhood of Long Beach. This three-unit property offers excellent potential for investors, flippers, or owner-users ready to roll up their sleeves and create value. The front property is made up of two 2 bed / 1 bath units with the downstairs having an additional bonus room addition, while the rear offers a spacious 1 bed / 1 bath unit that walks as a 2/1 — each with their own entry and long-term rental potential. With solid bones and classic charm, this property is ready for cosmetic updates that could significantly boost rental income and property value. Situated on a generous lot with a detached 3 stall garage and off-street parking, there’s even potential for a 4th unit by converting the bonus room (buyer to verify). Located close to shopping, dining, major freeways, and all the amenities of Bixby Knolls and Cal Heights, this property sits in a high-demand rental market. Whether you're looking to renovate and hold or upgrade and flip, this is your chance to unlock built-in equity and long-term gains.

Price History

Date
Event
Price
07/15/25
Listing
$995,000
11/24/98
Sold
$242,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds60
0%
Baths30
0%
Square foot3,2163,058
50%
Lot Size5,7514,933
50%
Price$995K$1.15M
50%
Price per square foot$309$378
50%
Built year19399695977
50%
HOA
Days on market113130
50%
Condition Rating
Fair

Built in 1939, this triplex is described as having 'solid bones' but is 'ready for cosmetic updates' to boost value and rental income. While the exterior appears maintained, the lack of interior images, combined with the 'investor special' and 'cosmetic updates' description, strongly suggests that kitchens, bathrooms, and other interior features are outdated and require significant renovation, aligning with the 'Fair' category where major components are functional but show signs of being outdated and require minor to moderate updates.
Pros & Cons

Pros

Prime Location: Situated in the highly desirable Bixby Knolls/California Heights neighborhood, offering proximity to amenities, major freeways, and a high-demand rental market.
Income-Generating Triplex: A rare multi-unit property (triplex) providing immediate rental income potential and a strong foundation for long-term investment.
Significant Value-Add Potential: Offers substantial upside through cosmetic updates and potential conversion of a bonus room into a fourth unit, boosting rental income and property value.
Solid Structure & Classic Charm: Built in 1939, the property boasts solid bones and classic architectural charm, providing a good foundation for renovation.
Ample Parking & Lot Size: Features a generous 5,751 sqft lot with a detached 3-stall garage and additional off-street parking, a valuable asset in urban areas.

Cons

Extensive Renovation Required: The property is explicitly marketed as an 'Investor Special' requiring significant cosmetic updates, indicating a need for substantial capital investment and effort.
Age-Related System Concerns: Built in 1939, while having solid bones, the property likely has original or older systems (plumbing, electrical, HVAC) that may require costly upgrades or repairs not immediately apparent.
Unverified Expansion Potential: The potential for a fourth unit is subject to 'buyer to verify,' meaning the feasibility and cost of such an expansion are not guaranteed and require due diligence.

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