Great income opportunity in a well-situated Long Beach duplex. Front unit (2740 Easy Ave) is 946 sf with 2 bed / 1 bath; rear unit (2740A) is 480 sf with 1 bed / 1 bath. Both units were updated with remodeled kitchens and bathrooms, hardwood floors, and clean, functional layouts. The front unit faces the street; the rear unit, garage and driveway lie inside a gated portion of the lot. Detached two-car garage with laundry and a shared yard add practicality. Seller has fully approved plans to convert the garage into a third unit—an immediate value-add. Projected gross income at market is ~$4,233/mo (~$50,800/yr), with a 10% vacancy allowance. Based on estimated expenses, pro forma NOI comes in around $32,000. At a $765,000 purchase price, the property delivers approximately a 15.1 GRM, with upside through rental growth or the planned third unit. Turnkey condition, stable rental income, and development potential make this a strong play for investors seeking dependable cash flow in Long Beach.
Sold for $760,000
Zillow last checked:
Listing updated:
Bought with:
Peter McKernan, DRE #01968986
PPF Realty
Source: CRMLS,MLS#: OC25214482
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Listing removed | $2,700$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/23/2026 | Listed for rent | $2,700+42.1%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/12/2025 | Sold | $760,000-0.7%$533/sqft |
Source:  CRMLS #OC25214482 Report a problem | ||
| 10/16/2025 | Contingent | $765,000$536/sqft |
Source: CRMLS #OC25214482 Report a problem | ||
| 9/19/2025 | Listed for sale | $765,000+37.8%$536/sqft |
Source: CRMLS #OC25214482 Report a problem | ||
| 2/23/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/18/2022 | Listed for rent | $1,900$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/1/2020 | Sold | $555,000+3%$389/sqft |
Source:  CRMLS #PW20069486 Report a problem | ||
| 4/13/2020 | Pending sale | $539,000$378/sqft |
Source: Sharpstone Realty #PW20069486 Report a problem | ||
| 4/6/2020 | Listed for sale | $539,000+107.4%$378/sqft |
Source: Sharpstone Realty #PW20069486 Report a problem | ||
| 3/7/2012 | Listing removed | $259,900$182/sqft |
Source: Homes.com Report a problem | ||
| 3/6/2012 | Listed for sale | $259,900+4.8%$182/sqft |
Source: Homes.com Report a problem | ||
| 1/26/2010 | Sold | $248,000-4.6%$174/sqft |
Source: Public Record Report a problem | ||
| 10/31/2009 | Listed for sale | $259,900+16.4%$182/sqft |
Source: Elite Real Estate Agents #I09113337 Report a problem | ||
| 8/13/2009 | Sold | $223,200+90%$157/sqft |
Source: Public Record Report a problem | ||
| 3/15/1995 | Sold | $117,500$82/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$757,000
