1082 Lewis Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$649,000
1082 Lewis Avenue, Long Beach, California 90813
0Bed
0Bath
1,000Sqft
2,463Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: Positioned as a 'Fantastic investment opportunity' and a duplex, offering residential income potential in a desirable Long Beach location.
Top Cons:
Historic Property Age: Built in 1922, the property's age may imply potential for unseen infrastructure issues or higher maintenance costs despite recent cosmetic upgrades.
Compared to the nearby listings
Price:$649.0K vs avg $825.0K ($-176,000)15%
Size:1,000 sqft vs avg 2,248 sqft8%
Price/sqft:$649 vs avg $34992%
More Insights
Built in 1922 (103 years old).
Condition: Despite being built in 1922, the property has undergone extensive recent renovations as described, including a modernized kitchen, updated bathroom, and new flooring throughout. The kitchen image showcases new, modern black cabinetry, dark countertops with veining, a contemporary range hood, and light wood-look flooring, all appearing virtually new and meeting current quality standards. The exterior also appears freshly updated. These significant updates bring the property's condition to an excellent standard, making it move-in ready with no deferred maintenance visible in the key areas.
Year Built
1922
Close
-
List price
$649K
Original List price
$699K
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
DW25123339
Home ConditionExcellent
Features
View-
About this home
2/1 Buydown Being Offered. Fantastic investment opportunity — don’t miss this upgraded duplex just 10 blocks from the beach. Features include a modernized kitchen, updated bathroom, and new flooring throughout. The property offers a 1-car garage with an attached rumpus room, perfect for additional living or entertainment space. Ideal as a starter home with excellent potential for an ADU (Accessory Dwelling Unit).
Price History
Date
Event
Price
01/29/24
Sold
$490,000
01/08/24
Sold
$420,000
09/01/05
Sold
$425,000
06/01/05
Sold
$320,972
Condition Rating
Excellent
Despite being built in 1922, the property has undergone extensive recent renovations as described, including a modernized kitchen, updated bathroom, and new flooring throughout. The kitchen image showcases new, modern black cabinetry, dark countertops with veining, a contemporary range hood, and light wood-look flooring, all appearing virtually new and meeting current quality standards. The exterior also appears freshly updated. These significant updates bring the property's condition to an excellent standard, making it move-in ready with no deferred maintenance visible in the key areas.
Pros & Cons
Pros
Strong Investment Opportunity: Positioned as a 'Fantastic investment opportunity' and a duplex, offering residential income potential in a desirable Long Beach location.
Desirable Coastal Proximity: Located just 10 blocks from the beach, enhancing its appeal for tenants, short-term rentals, and long-term appreciation.
Recent Modern Upgrades: Features a modernized kitchen, updated bathroom, and new flooring throughout, reducing immediate renovation needs for a buyer.
Significant ADU Potential: The property offers excellent potential for an Accessory Dwelling Unit, providing a clear path to increased income and property value.
Attractive Buyer Incentive: A 2/1 Buydown is being offered, providing a substantial financial benefit to prospective buyers by lowering initial mortgage payments.
Cons
Historic Property Age: Built in 1922, the property's age may imply potential for unseen infrastructure issues or higher maintenance costs despite recent cosmetic upgrades.
Compact Living & Lot Size: With 1000 sqft for a duplex on a 2463 sqft lot, the property offers relatively small living spaces and limited outdoor area.
Recent Price Reductions: The property has undergone multiple price reductions (from $699k to $649k), which might suggest initial overpricing or market resistance, potentially impacting buyer perception.