428 E 20th Street, Long Beach, CA 90806

Property 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.