1100 E 10th Street, Long Beach, California 90813, Long Beach, 90813 - 2 bed, 2 bath
1100 E 10th Street
Long Beach, California 90813
Property Price
SUMMARY
Analysis of 1100 E 10th Street, Long Beach, California 90813 is currently available with a list price of $1,400,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1921, this property is over 100 years old and shows significant signs of age and deferred maintenance on the exterior, including worn paint, an old roof, and dated windows. The MLS analysis explicitly notes the 'Advanced Age of Property' and the 'potential for significant deferred maintenance, outdated systems, and higher capital expenditure requirements for renovations or upgrades.' While currently occupied, the overall condition strongly suggests that the residential units, including kitchens and bathrooms, are severely outdated and require substantial repairs and rehabilitation to meet modern standards and comfort. The limited access for due diligence further supports the likelihood of significant hidden issues.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use & Income Generating
The property is a prime Mixed-Use Residential & Commercial asset, featuring a Beer & Wine Convenience market and two 1-bedroom, 1-bath residential homes, offering diversified income streams and significant cash flow potential.
- Prime High-Visibility Location
Strategically located on the front corner of heavily traveled 10th and Alamitos streets, the property boasts excellent visibility crucial for the commercial component and strong accessibility for residential tenants.
- High Occupancy & Rental Demand
Both the convenience market and residential homes are currently leased and occupied, with 'enormous rental demand in this area,' ensuring immediate and stable income for an investor.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1921, the property is over 100 years old, which may imply potential for significant deferred maintenance, outdated systems, and higher capital expenditure requirements for renovations or upgrades.
- Lack of Detailed Financials/Lease Information
While 'huge cash flow potential' and occupancy are mentioned, specific rental rates, lease terms, and operating expenses are not provided, necessitating extensive due diligence for a comprehensive investment analysis.
- Limited Access for Due Diligence
The instruction 'Please do not disturb tenants' suggests restricted access for comprehensive inspections and appraisals, which could complicate the buyer's ability to fully evaluate the property's condition and value.
About 1100 E 10th Street
A fantastic opportunity to purchase a prime Mixed-Use Residential & Commercial Property in Long Beach with huge cash flow potential. Excellent location with Great Visibility of this 2507 SF Beer & Wine Convenience market situated on the front corner of very heavily traveled 10th and Alamitos streets. The adjacent 1372 SF building has two residential homes each complete with 1BR, 1 BA. The location is less than 1 mile from the Alamitos Beach and close walking distance to famous landmarks like Shoreline & Ocean Blvd, Long Beach Convention & Entertainment Center, Long Beach Downtown, and Medical Centers. Convenience market and the Homes are leased & occupied. Further there is enormous rental demand in this area. Seller is very serious & motivated so submit your offers in confidence, your offer will be favorably considered and responded. Please do not disturb tenants.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1921
- Lot Size
- 10,008 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | - | 93% |
| Baths | 2.0 | - | 93% |
| Square foot | 3,879 | 2,592 | 87% |
| Lot Size | 10,008 | 5,001 | 87% |
| Price | $1.40M | $1.02M | 93% |
| Price per sq ft | $361 | $361 | 50% |
| Built year | 1921 | 1922 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 323 | 149 | 0% |
Pricing History
Sold
Jun 11, 2007
$1,500,000
Public Record
Sold
Jan 20, 1999
$200,000
Public Record