Welcome to 6535 Downey Avenue, a MULTI-generational and income producing opportunity located in the desirable Ramona Park neighborhood of Long Beach. Originally built in 1949 and updated in 2019, this versatile property offers comfort, flexibility, and incredible future potential. The front residence features 3 bedrooms, 2 full bathrooms, and approximately 1,082 square feet of open concept living space. Inside, you will find warm wood flooring, exposed beam ceilings, abundant natural light, fresh interior paint, and a spacious living and dining area designed for both everyday living and entertaining. The upgraded kitchen showcases granite countertops, tile backsplash, warm-neutral color custom cabinetry with lifetime warranty, stainless steel LG stove, and a convenient indoor laundry area. Adding even more value, the rear living quarters offers approximately 1,184 square feet (not reflecting on the main total sq. footage) and is currently configured as a 2 bedroom, 1 bathroom unit ideal for rental income, guest accommodations, or extended family living. Additional improvements include a newer roof completed in 2021, dual pane insulated windows installed in 2023, and water heaters updated in 2022. The private primary suite provides a comfortable retreat with its own ensuite bathroom, while the outdoor spaces offer plenty of room to relax, entertain, or create your dream backyard oasis. The property also includes previously approved plans for a future ADU conversion, presenting an incredible opportunity for investors and owner occupants seeking to maximize long term value and income potential. Situated near parks, schools, shopping, dining, hospitals, major freeways, and just a short drive to the beach, this exceptional property combines modern upgrades, flexible living, and outstanding investment potential all in one. A rare opportunity in Ramona Park with endless possibilities.