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$399,999
MLS: OC26091372
Beds
2
Baths
1
Sq Ft
940
Lot
0.07 ac
Year Built
1934
MLS #
OC26091372
Days on Market
1
Listed
Apr 28, 2026
Description
Welcome to 1230 N. Saint Mary’s in Long Beach, a prime investment opportunity in a highly desirable Saint Mary’s location. This 2 bedroom, 1 bathroom single family residence offers exceptional upside potential for both investors and owner users looking to create value. The property is currently tenant occupied with long term, reliable tenants, providing immediate income stability while you plan future improvements. With the right renovations and updates, this home presents a strong opportunity to build instant equity and significantly increase overall value. Situated on a generously sized lot, there is ample space to accommodate parking for 4 to 5 vehicles, a rare and valuable feature in this area. The layout and lot size may also lend themselves to additional possibilities for expansion or reconfiguration, adding to the property’s long term appeal. Located in the heart of Saint Mary’s hospital area, the home offers convenient access to public transportation, major commuter routes, shopping, dining, and local amenities, making it an attractive option for tenants and future occupants alike. Priced to reflect its current condition, this is an excellent opportunity for investors seeking a value add property with strong fundamentals, reliable tenancy, and significant upside in a sought after Long Beach neighborhood. This home may only qualify for a cash sale or FHA 203K.
Location
Long Beach, Los Angeles County, CA 90813
Open on Google Maps ↗Listed by: Erik Kaiser · RE/MAX TerraSol
Payment estimate
$3,144
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $40,000 · Loan: $359,999
- Principal & Interest
- $2,278
- Property tax (1.25%)
- $417
- Homeowners insurance
- $300
- Mortgage insurance
- $150
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down+
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $14,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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