765 E Silva Street, Long Beach, California 90807, Long Beach, - bed, bath

home-pic
PENDING$1,285,000
765 E Silva Street, Long Beach, California 90807
0Bed
0Bath
1,861Sqft
6,490Lot
Year Built
1943
Close
-
List price
$1.28M
Original List price
$1.28M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25245346
Home ConditionExcellent
Features
View-

About this home

AMAZING INVESTMENT OPPORTUNITY! 2 Homes on 1 lot in Bixby Knolls area in Long Beach! This beautifully renovated single-family residence offers versatility with a BRAND NEW 3 bed 2 bath ADU in the back. This rare, hard to find, beautifully renovated property offers the perfect blend of comfort, functionality, and investment potential. Ideal for extended families to live close together while maintaining privacy. The main house has been fully updated with new electrical, plumbing, HVAC, windows, flooring, kitchen, and bathroom—giving you peace of mind for years to come. In the back, you’ll find a newly built ADU featuring 3 spacious bedrooms and 2 bathrooms, ideal for extended family, guests, or generating rental income. With ample parking for both units, this home is designed for convenience and flexibility. Whether you’re looking for a multi-generational living solution or a smart investment opportunity where you can live in one home and rent the other, this property checks all the boxes. Don’t miss this unique opportunity to own a fully upgraded property with built-in versatility which is the perfect turn-key investment opportunity available in today's market!

Price History

Date
Event
Price
10/22/25
Listing
$1,285,000
03/12/25
Sold
$687,500
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (87 Listings)
Beds03
Baths02
Square foot1,8611,688
60%
Lot Size6,4906,296
58%
Price$1.28M$1.05M
72%
Price per square foot$690$662.5
53%
Built year19439710971
64%
HOA
Days on market14147
1%
Condition Rating
Excellent

This property features two homes on one lot. The ADU is explicitly described as 'BRAND NEW' and 'newly built,' meeting the highest standard. The main house, while built in 1943, has undergone an extensive and recent renovation, including new electrical, plumbing, HVAC, windows, flooring, kitchen, and bathroom. Both kitchens and bathrooms are modern, stylish, and appear virtually new in the images, with contemporary fixtures, finishes, and appliances. All major systems and aesthetic components are new or recently updated, indicating no deferred maintenance and high overall quality.
Pros & Cons

Pros

Dual Income/Multi-Generational Potential: The property features two homes on one lot, including a main house and a brand new 3-bedroom, 2-bathroom ADU, offering significant versatility for rental income or multi-generational living.
Extensive Main House Renovation: The main house has been fully updated with new electrical, plumbing, HVAC, windows, flooring, kitchen, and bathroom, providing modern comfort and reduced immediate maintenance concerns.
Brand New ADU Construction: The Accessory Dwelling Unit (ADU) is newly built, ensuring modern standards, energy efficiency, and minimal immediate upkeep for potential tenants or family members.
Prime Location: Located in the desirable Bixby Knolls area of Long Beach, known for its community appeal and convenient access to amenities.
Turn-Key Investment: Described as a 'perfect turn-key investment opportunity' due to comprehensive renovations and the new ADU, minimizing immediate work for a new owner.

Cons

Age of Main Structure: Despite extensive renovations, the main house's original construction year of 1943 could still present long-term maintenance considerations or structural nuances typical of older homes.
Potential Overpricing: The current listing price of $1.285M is 13% higher than the estimated property value of $1.105M, which may indicate a premium relative to current market valuations.
Increased Management Complexity: Owning two separate units on one lot, even with a new ADU, inherently involves more complex property management and maintenance responsibilities compared to a single-family residence.

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