355 N Colorado Place

LOCATION, LOCATION, LOCATION! Situated on an interior lot in the desirable community of Historical Bluff Heights, this charming 1920 California Bungalow offers unlimited potential. The property boasts an expansive nearly 5000 sq ft lot. The front unit features 2 bedrooms and 1 full bath, with a spacious 1,110 sq ft of living space. Recently remodeled in 2022, the home retains many of its Craftsman-style features, including a front porch. Upgrades include updated plumbing, electrical, HVAC system, kitchen cabinets, Quartz countertops, interior and exterior paint, and drought-resistant landscape. One of the standout features of the front unit is the extra long driveway, providing ample parking space—a rare find in a beach community! The back unit is a newly built ADU (March 2024) with a Certificate of Occupancy. It offers 2 bedrooms, 2 full baths, and 749 sq ft of living space, complete with a separate entry and a single-car driveway. Each bedroom comes with a built-in desk, blacked out shades, dual-paned windows, 3 separate AC units, and modern finishes throughout. Each unit also has their separate gas and electric meters, and equipped with their own Washer/Dryer. Perfectly accommodating anyone working the night shift or those who work from home. This property is a perfect investment opportunity with immediate income-producing potential. Live in one unit and rent the other, or rent both for maximum return. Conveniently located just 4 blocks from the beach and only 2 miles from Downtown Long Beach, with popular restaurants and shops within walking distance—just 1 block away to 4th Street. This is an exceptional opportunity you won't want to miss!