Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

3745 E Ransom Street

Long Beach, CA, 90804

1 / 26View all 26 photos

$999,999

MLS: PW26067214

Beds

2

Baths

1

Sq Ft

1,029

Lot

0.17 ac

Year Built

1941

MLS #

PW26067214

Days on Market

1

Listed

Mar 28, 2026

Description

Permits are near approval to convert the existing single family home into a four-unit property! The project will add 4,546 sf of livable space bringing the total square feet to 5,575. The current 1029sf home will become a 2bed/2ba 1233sf unit. An attached SB9 unit will be 1,492sf with 3 bedrooms and 2.5 baths. Two additional ADU's will be 1200sf 3 bed/2baths each. Huge upside potential to build and hold or flip. This is a strong rental market and all the hard work of architectural drawings and city approval have been done for you, saving months of time and tens of thousands of dollars. Permits are a few short weeks from final approval and ready to be assigned. This property has three sides of access making it ideal for a multi-family investment property. The 3D rendering highlights the outcome that can be expected after construction is complete.

Location

Long Beach, Los Angeles County, CA 90804

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Listed by: Darla Nino · Coast Funding Group, Inc.

Payment estimate

$7,246

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $100,000 · Loan: $899,999

%
Principal & Interest
$5,530
Property tax (1.25%)
$1,042
Homeowners insurance
$300
Mortgage insurance
$375
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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 $35,000 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.

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