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

home-pic
ACTIVE$995,000
3435 Orange Avenue, Long Beach, California 90807
0Bed
0Bath
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
PW25158455
Home ConditionPoor
Features
View-

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)
Beds00
Baths00
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
Poor

Built in 1939, this triplex is explicitly marketed as an 'Investor Special' requiring buyers to 'roll up their sleeves and create value' through 'cosmetic updates.' While the description notes 'solid bones,' the lack of interior photos combined with the property's age and the need for significant updates to 'boost rental income and property value' strongly suggests that the kitchens, bathrooms, and other interior components are severely outdated and require substantial rehabilitation, not just minor repairs. This aligns with the 'poor' condition criteria, indicating a need for significant investment to modernize and improve livability and market appeal.
Pros & Cons

Pros

Prime Location & High Demand: Situated in the highly sought-after Bixby Knolls/California Heights neighborhood, this property benefits from a high-demand rental market and excellent proximity to amenities, shopping, dining, and major freeways.
Income-Generating Triplex with Upside: A rare triplex opportunity offering significant potential for increased rental income and property value through renovation, making it ideal for investors, flippers, or owner-users seeking built-in equity.
Expansion & Parking Potential: Features a generous 5,751 sqft lot, a detached 3-stall garage, ample off-street parking, and potential for converting a bonus room into a fourth unit (buyer to verify), enhancing income and utility.
Solid Structural Foundation: Described as having 'solid bones and classic charm,' indicating a well-built property with good underlying structural integrity, which can reduce major structural concerns for renovation.
Flexible Unit Configurations: Comprises two 2-bedroom/1-bathroom units (one with a bonus room) and a 1-bedroom/1-bathroom unit that functions as a 2-bedroom, providing versatile living arrangements and rental options.

Cons

Requires Significant Cosmetic Updates: The property explicitly states it's 'ready for cosmetic updates,' implying immediate and substantial investment is needed to modernize and maximize rental income and property value.
Older Property (Built 1939): While having 'solid bones,' the 1939 construction year suggests potential for outdated systems (electrical, plumbing, HVAC) that may require future upgrades or maintenance beyond cosmetic improvements.
Not Turn-Key; 'Investor Special': Marketed as an 'Investor Special' requiring buyers to 'roll up their sleeves,' indicating it's not a move-in ready or low-maintenance property and will demand active management and capital expenditure.

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