428 E 20th St , Long Beach, CA 90806
$888,888
Est. Payment: $4,612.25/mo
7 Bed
3 Bath
2648 Sqft
0.14 Acres
Status: active | Days on site: 1
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OC02988 - OCSPANLEN
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House Description

Calling all Fixer Upper Investors!! **Exceptional Value-Add Triplex Opportunity in High-Demand Long Beach** Positioned on a single parcel in a strong rental submarket of Long Beach, this three-unit residential property offers a rare combination of immediate utility and substantial upside. Featuring a 3 bedroom detached front residence alongside a separate rear duplex, the setup provides the exact floor plan and configuration sought after by both value-add investors and aggressive fix-and-flip operators. **Front Unit (Detached Single-Family Feel):** Well-maintained and in turnkey condition. This unit requires minimal upfront capital expenditure, allowing an owner-user to live comfortably while renovating the rear, or an investor to secure immediate in-place cash flow on day one. **Rear Units (2-Unit Structure):** Two detached units situated directly behind the front home, both primed for a complete down-to-the-studs refurbishment. Bring your contractor and vision to reimagine the layouts, modern finishes, and system upgrades to capture peak market rents. ## Key Investment Highlights: **Immediate Rental Income or House-Hack Setup:** The functional front home eliminates downtime risk, serving as an immediate revenue generator or on-site base of operations during construction. **Significant Rent & Equity Upside:** Transform the distressed rear duplex to market-rate finishes—open layouts, designer tile, quartz counters, in-unit laundry, and mini-split HVAC systems—to maximize capitalization rates or realize significant equity upon resale. **Flexible Exit Strategies:** *Buy-and-Hold:* Complete the rehab, refinance into long-term debt, and hold a high-performing multi-family asset in a supply-constrained Southern California market. *Fix-and-Flip:* Maximize margins by renovating the rear units, refreshing exterior curb appeal, and reselling to an investor seeking a stabilized, turnkey multi-unit asset. Triplex configurations featuring a detached primary home rarely come to market with this level of untapped equity. Whether you are looking to build a resilient cash-flowing portfolio or execute a high-return renovation project, this Long Beach property delivers the footprint, flexibility, and upside to hit your target returns.

Highlights

Listed by Lenny Spangler , 949.491.8672 HCM Real Estate , 949-734-7309. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1919

County

Los Angeles

Area

9 - Poly High

Neighborhood

Poly High (PH)

Listing ID

OC26232138

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:3
Floor:See Remarks
Other:
  • ▪ Additional:Ceiling Fan(s), Unfurnished
Water:Public

Exterior Features

Lot:2-5 Units/Acre,Front Yard,Level,Rectangular Lot,Street Level,No Land Lease
Garage Capacity:5
Roof:Composition
Others:
  • ▪ Additional:Fixer, Repairs Major, 2+ Total Units
Sewer:Public Sewer
Parking Features:Concrete,Driveway Level,Door-Single,Driveway,Garage Faces Front,Garage,Gated,Paved
Principal Interest
$4,612
Taxes
$567

Home Price

$888,888

Loan Details

30 yrs
6.75%

Down Payment

20%
$177,778
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,612.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,612.25 $566.67 $0.00 $5,178.91
Yearly $55,346.98 $6,799.99 $0.00 $62,146.98
Total $1,660,409.47 $203,999.80 $0.00 $1,864,409.26

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T17:32:46.000Z

© 2026 CRMLS/Multi-Regional MLS

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