427 E Platt ST
Long Beach, CA, 90805
$419,900
1 Beds
1 Baths
540 SqFt
0.05 Acres
Add
MLS #OC26008017 image #0MLS #OC26008017 image #1MLS #OC26008017 image #2MLS #OC26008017 image #3MLS #OC26008017 image #4MLS #OC26008017 image #5MLS #OC26008017 image #6MLS #OC26008017 image #7
Want a $250K EQUITY SPREAD + ADU GOLDMINE (AB 2533 SPECIAL)? Take a look for yourself. The property right next door – a former model match of this very home – sold for $180,000 MORE than this list price, shows online with a value close to $650,000.00 in a quiet, peaceful pocket of Long Beach, surrounded by friendly neighbors who have already done the heavy lifting. As you drive the block, you’ll see stunning modern remodels that prove the sky’s the limit for this home.

THE ASSET: A 540 sq. ft. 1BD/1BA cottage that is the ultimate “Condo Killer.” Why pay an HOA fee and be told what to do? Here, you own the lot, the home, and a private backyard sanctuary. With this house, you’re literally buying the lowest entry point into a high-demand zip code.

THAT’S NOT ALL (THE AB 2533 ADVANTAGE): The “unpermitted” rear structure used to be a headache—now, it’s your pathway to wealth. Under California’s Assembly Bill 2533, the state has paved the way for homeowners to legalize existing unpermitted structures. Save yourself from spending $100k+ building from the ground up and transform it into a stunning primary retreat, home office, or You can even turn it into an ADU and let your tenant grow your net worth while paying a huge chunk of your mortgage payment.

INVESTORS: The margins here are mouth-watering. A small footprint means a lightning-fast renovation. No year-long holding costs. This is the perfect “In-and-Out” flip or a “BRRRR” that will appraise through the roof. The Model Match next door proves exactly what the finished product is worth.

HOMEBUYERS: Every time you buy a flipped home, you make flippers rich. Instead, use an FHA 203k, VA Rehab, Fannie Mae HomeStyle, or Freddie Mac CHOICE loan to buy the home AND fund your renovation in ONE shot. Your Instagram-worthy kitchen? Done! The different design ideas you’ve fallen in love with? Done! The finishes You Want, all financed together, and by the time you move in, you’ve earned more in equity than most people earn in years of salary.

This is the entry-level price point Long Beach has been starving for. It’s quiet, it’s friendly, and the math is undeniable. This home is a “Unicorn” where the numbers work for everyone—from the first-time buyer to the seasoned pro.

THE BOTTOM LINE: With a $250k potential spread and the AB 2533 ADU loophole, don’t let someone else take what should be yours. This is your chance to finally buy a home pennies on the dollar handed to you on a silver platter. Sold As-Is

Property Details

Price:
$419,900
MLS #:
OC26008017
Status:
Active
Beds:
1
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
North Long Beach NLB
Neighborhood:
7northlongbeach
Listed Date:
Jan 13, 2026
Finished Sq Ft:
540
Lot Size:
2,260 sqft / 0.05 acres (approx)
Year Built:
1924
Parking Total7 – North Long Beach7northlongbeachNorth Long Beach NlbLong Beach UnifiedNone

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Schools

School District:
Long Beach Unified

Interior

Bathrooms
1 Three Quarter Bathroom
Cooling
NO
Laundry Features
NO

Exterior

Community Features
BIKI
Parking Spots
1

Financial

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Jan 20, 2026
367
Single Family Listed
43
Avg DOM
460
Avg $ / SqFt
$948,858
Avg List Price

Property Summary

    Located in the North Long Beach (NLB) subdivision, 427 E Platt ST Long Beach CA is a Single Family for sale in Long Beach, CA, 90805. It is listed for $419,900 and features 1 beds, 1 baths, and has approximately 540 square feet of living space, and was originally constructed in 1924. The current price per square foot is $778. The average price per square foot for Single Family listings in Long Beach is $460. The average listing price for Single Family in Long Beach is $948,858.

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427 E Platt ST
Long Beach, CA