Listed by Lenny Spangler of HCM Real Estate (949.212.3703)
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.

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Property Details of 428 E 20th Street

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Based on information submitted to CRMLS as of November 6, 2026 3:32 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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