1562 West 31st Street

Long Beach, CA 90810

$1,299,000
Price
7
Beds
4
Baths
2,138 Sq. Ft.
$608 / Sq. Ft.
2,138
Sq. Ft.
$608
per Sq. Ft.

Description

This well-maintained 4-unit property offers an excellent investment opportunity in a prime location near Silverado Park, the 710 and 405 freeways, as well as local restaurants and hospitals. The front house features 2 bedrooms and 1 bath, with sleek granite countertops, stainless steel appliances, tile flooring in the kitchen and living areas, and original hardwood floors in the bedrooms. Recently upgraded with a new roof and new solar panels, this home is energy-efficient and move-in ready. The...This well-maintained 4-unit property offers an excellent investment opportunity in a prime location near Silverado Park, the 710 and 405 freeways, as well as local restaurants and hospitals. The front house features 2 bedrooms and 1 bath, with sleek granite countertops, stainless steel appliances, tile flooring in the kitchen and living areas, and original hardwood floors in the bedrooms. Recently upgraded with a new roof and new solar panels, this home is energy-efficient and move-in ready. The back units consist of two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath unit, and a bonus studio—ideal for additional rental income or as a guest suite. All units are thoughtfully updated and meticulously maintained. The backyard offers a peaceful space with mature trees, while the front home enjoys its own private area for added privacy. Shared outdoor patio spaces provide a relaxing setting for entertaining. Located in a desirable Westside Long Beach neighborhood, this property presents a fantastic opportunity for investors seeking modern updates, convenience, and long-term value.

Property Details for 1562 West 31st Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Detached
Lot Size Source
See Remarks
Living Area
2138
Assessor Parcel Number
7312-028-005
LISTING UPDATED: 10/23/2024 06:55 AM

Property Details for 1562 West 31st Street

StatusActive
MLS #SB24214203
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.15 AC / 6,334 SF
CountyLos Angeles County

Building Information for 1562 West 31st Street

Stories1Residences-Year Built1938Building Size-Lot Size0.15 AC / 6,334 SF

Property Information for 1562 West 31st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $146,400
  • Gross Scheduled Income: $146,400
  • Net Operating Income: $122,280
  • Current Financing: FHA
Expense Details
  • Operating Expense: $24,120
  • New Taxes Expense: $15,600
  • Fuel Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $2,400
  • Maintenance Expense: $1,800
  • Professional Management Expense: $0
  • Other Expense: $4,800
  • Other Expense Description: Solar
  • Trash Expense: $0
  • Water Sewer Expense: $3,120
  • Total Expenses: $24,120
Tax / Assessment Info
  • Tax Tract Number: 9254
  • Tax Census Tract: 5777.00
  • CFD/Mello-Roos Fee: $491
  • Tax Lot: 53
Community / Development
Community / Development
  • Community Features: Biking, Dog Park, Gutters, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Tile, Vinyl, Wood
Exterior Features
  • Roof: Asbestos Shingle
  • Entry Location: 1
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Energy Generation: Solar
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: RV Access
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: RV Access/Parking
Property / Structure Info
  • Builders Tract Name: Westside/North of Willow
  • Builders Tract Code: Westside/North of Willow (WNW)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,000
  • Unit Type Total Rent: $5,000
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 1562 West 31st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1562 West 31st Street

Taxable ValueLand$530,604Additions$185,711Total$716,315
Tax Record2024$9,298 ($775 / month)
Home Facts
Total Finished SqFt1,696 SqFtAbove Grade Finished SqFt1,696 SqFtLot Size6,332 SqFtStyleDuplexYear Built1938ZoningLBR1NCountyLOS ANGELESAPN7312-028-005

Schools near 1562 West 31st Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Muir K-8
PublicK to 8

Cabrillo High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1562 West 31st Street is a multi-family home for sale in Long Beach, CA 90810. This property was listed for sale on October 17, 2024 by Keller Williams South Bay, it's currently listed at $1,299,000. It has been on the market for a total of 34 days and was last sold on January 5, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include Muir K-8, Cabrillo High School and Clear Passage Educational Center. 1562 West 31st Street is a 7-bed, 4-bath, 2,138 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams South Bay, John DeJesus Hernandez-Ball, DRE #01966011

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.