1047 E New York, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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1047 E New York
Long Beach, California 90813
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,162Sq Ft
1,891Lot Size
Property Price
LIST PRICE$725,000
EST. MARKET VALUE
$679,451
6% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $725,000—positioned above the $679,452 Fair Market Value by 6%. While requiring significant capital expenditure due to its Fair Condition Rating and 1916 construction, the property offers a strategic Triplex configuration for income generation. The 1,162 sqft layout provides a value-add opportunity for those capable of modernizing aging infrastructure. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand Long Beach location.
Estimated Market Value
$679,451
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1047 E New York Subject | $725,000* List Price | 0 | 0 | 1,162 | $585 | - |
A 1450 Peterson Sold | $830,000 | 0 | 0 | 1,475 | $563 | 0.4 mi |
B 1467 Walnut Ave Active | $850,000 List Price | 0 | 0 | 1,462 | $581 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1916 (>100 years old) with no mention of recent renovations. The listing description uses keywords like 'potential' and 'make a home their own,' indicating the property requires significant rehab. The exterior shows signs of deferred maintenance and dated systems typical of a century-old structure.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a triplex, this property offers excellent flexibility for owner-occupants to 'house-hack' by living in one unit while renting out the other two to offset mortgage costs.
- Strategic Long Beach Location
The property is ideally situated near local beaches, shopping, dining, and major transportation routes, making it highly attractive to potential tenants.
- Investment Value-Add Opportunity
With a listing price of $725,000 for three units, there is significant potential to increase equity and rental yields through strategic renovations and modernization.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1916, the property likely requires significant capital expenditure for updates to major systems such as plumbing, electrical, and roofing.
- High Density on Small Lot
Housing three units within only 1,162 square feet on a 1,891 square foot lot results in very compact living spaces and likely lacks adequate private outdoor space or parking.
About 1047 E New York
Welcome to 1047 E. New York Street a wonderful opportunity to own a home in Long Beach! This inviting property offers an excellent opportunity for buyers looking to make a home their own in a convenient Long Beach location. This property offers plenty of potential, live in one and rent the other 2 this home is ready for its next chapter. Whether you're a first-time homebuyer, looking for your next home, or searching for an investment opportunity, this property offers the flexibility and potential to suit a variety of needs. Enjoy the convenience of being near local shopping, dining, schools, parks, BEACH and major transportation routes, with everything Long Beach has to offer within easy reach.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1916
- Lot Size
- 1,891 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 1,162 | 2,300.724 |
| Lot Size | 1,891 | 5,277.379 |
| Price | $725.0K | $1.24M |
| Price per sq ft | $624 | $513 |
| Built year | 1916 | 1949 |
| HOA | $0 | $0 |
| Days on market | 12 | 74 |
Pricing History
Listed for Sale
Aug 28, 2026
$725,000
Initial Listing
Sold
Jul 15, 2025
$397,500
Public Record