Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

1361 Prospect

Long Beach, CA, 90804

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$1,288,000

MLS: PW26056231

Beds

3

Baths

2

Sq Ft

1,732

Lot

0.12 ac

Year Built

1937

MLS #

PW26056231

Days on Market

27

Listed

Mar 23, 2026

Description

Welcome to the only gated home in this peaceful neighborhood above Belmont Heights. The home, that feels like a wellness retreat, features three spacious bedrooms, including two primary suites on separate levels, each with its own full bathroom. Every bedroom includes its own large walk-in closet. RECENT upgrades include: NEW turf landscaping, newly permitted air conditioning, a refinished roof deck, double pane windows throughout, tankless water heater, new appliances, quartz waterfall island, Fingerprint Smart locks and recessed lighting, custom wood paneling in the upstairs primary suite, trex decking in the backyard for long-lasting durability, an infrared sauna and private hot tub with emergency shut-off, SimpliSafe security system, freshly painted exterior, garage storage upgrades with a grid wall organization system & wall bike storage. OUTSIDE there are two fire features for entertaining or unwinding in your own private OASIS. For those who enjoy an active lifestyle, the property is conveniently located within WALKING distance of Recreation Park Golf Course and is within close proximity to the Colorado Lagoon & Belmont Shore. Adding even more value, the seller is open to including some of the home’s furnishings, creating a truly turn-key opportunity for buyers ready to move in or if you are seeking a ready-to-operate investment property. Set on an expansive lot, this private estate blends a entertainers dream and income potential in one remarkable property. Behind the secure entry, you’ll find ample space to accommodate up to 9 vehicles OR room for a boat or motorhome — all safely housed within your own private compound. The newly replaced gate motor ensures effortless privacy and security. This home offers a tranquil, resort-style setting framed by a lush climbing fig privacy wall. The generous lot also provides potential for an ADU in the front and additional above-garage or interior ADU conversion. The property has already proven its appeal as a five-star short-term rental, positioning it perfectly to capitalize on the surge of visitors expected for the upcoming 2026 FIFA World Cup and the 2028 Summer Olympics in the Los Angeles area. Opportunities like this are exceptionally rare —resort-style living in one of Long Beach’s most desirable neighborhoods.

Location

Long Beach, Los Angeles County, CA 90804

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Listed by: Michelle Harding · Keller Williams Coastal Prop.

Payment estimate

$9,247

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $128,800 · Loan: $1,159,200

%
Principal & Interest
$7,122
Property tax (1.25%)
$1,342
Homeowners insurance
$300
Mortgage insurance
$483
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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 Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

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 $45,080 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.

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