Description

Rare opportunity to acquire a spacious 1,814 square foot single-level home with a detached 2-car garage and an additional structure with its own electrical meter at 1075 E 71st St in Long Beach. This property offers multiple income stream opportunities and endless possibilities for the right buyer. The main house is a 3BD/2BA per tax records, currently configured as 2BD/2BA with a third room easily convertible back to a bedroom. The home features hardwood flooring throughout and a brick fireplace, all situated on a large lot with tremendous development potential. Whether you're looking to fix and flip for profit, buy and hold with ADU rental income, or renovate the main house to live in while developing the back for future income, this property delivers options. The separately metered rear structure offers immediate ADU development potential for savvy investors and owner-users alike. Sold as-is, the property needs full renovation including interior/exterior updates and major systems with some great features and condition of current kitchen. Long Beach continues to see strong appreciation and investor interest, with convenient access to the 710 Freeway, local shopping, dining, and parks. This is a tremendous value-add opportunity that won't last. Contact your real estate agent today to schedule a private showing and submit your offer. Properties like this move quickly in the current market.