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Millman Team Real Estate

$1,249,000
0.15 Acre Lot

1562 W 31st Street, Long Beach, California 90810

  • Residential Income Property Type
  • RV Access/Parking Cars Garage
  • 1938 Year Built
Property Description

Rare vacant multi-unit opportunity in a highly desirable Westside Long Beach location featuring 4 separate living spaces, offering exceptional versatility for investors, owner-occupants, house hackers, or multi-generational living. The property consists of a front 2-bedroom, 1-bath home, an upper-level 2-bedroom, 1-bath unit, a newly constructed 1-bedroom, 1-bath ADU, and an additional 2-bedroom, 1-bath rear unit, creating a unique compound-style layout where each residence feels like its own private home. Designed around a central courtyard, the property offers an inviting outdoor gathering space ideal for entertaining, relaxing, or creating separation and privacy between the residences. The courtyard enhances the property’s charm and creates a true compound-style atmosphere that is difficult to find. Property has an assumable loan at 2.5 percent interest rate.Per seller, one of the units was previously utilized as a short-term rental and reportedly generated approximately $5, 000/month in Airbnb income. Buyers are advised to independently verify all short-term rental regulations, permits, use restrictions, and income potential with the City of Long Beach. The property will be delivered completely vacant at closing, creating a rare opportunity to immediately occupy, lease at market rents, or customize the property to fit a variety of living and investment strategies. The newly built ADUs provide modern appeal and strong income potential. Conveniently located near restaurants, Silverado Park, freeways, public transportation, and nearby bus stops. Located in a very desirable area of Westside Long Beach and just minutes from the beach and ocean. Rare opportunities featuring new ADUs, multiple residences, bonus space, courtyard living, and vacant delivery are increasingly hard to find.

Basic Details
Residential Income
For Sale
SB26112414
$1,249,000
1938
0.15 Acre
Active
Duplex
: Asbestos Shingle
Features
: None
: Zoned, Wall Furnace
: Zoned, Wall/Window Unit(s)
: None
: RV Access/Parking
: Tile, Vinyl, Wood
: Inside, Outside
: Public Sewer
$0
Address Map
CA
Los Angeles
Long Beach
Westside/North of Willow (WNW)
90810
31st
1562
Street
W119° 47' 11''
N33° 48' 49.3''
North on Sante fe ave, right on 31st st
11 - Westside
W
LBR1N
Additional Information
$0
$0
$0
$0
$0
2586
: Biking, Gutter(s), Dog Park, Storm Drain(s)
1
: One, Two
: 2-5 Units/Acre
4
2026-05-24
1
1
: Public
Broker/Agent Information
Keller Williams Realty
John Hernandez-Ball
Listing Information
SBHERNJES
S6669
Cash, Conventional, 1031 Exchange
Active
2026-06-05T03:43:39Z
CRMLS
: Standard
2026-05-24T12:10:55Z
Agent info
Ray Millman
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