1125 E Salt Lake Street, Long Beach, California 90806, Long Beach, 90806 - 2 bed, 1 bath
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Long Beach, California 90806
This property presents a High-Potential Investment Opportunity with a List Price of $585,000—positioned well below the $558,485 Fair Market Value by -4%. While the home carries a Condition Rating of 5 and requires significant renovation, the LBR2N Zoning and 5,207 sqft lot provide substantial upside for ADU development. Proximity to the 8-rated Signal Hill Elementary adds long-term appeal. This value-add asset is ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the property's structural potential and development flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1125 E Salt Lake Street Subject | $585,000* List Price | 2 | 1 | 850 | $657 | - |
A 2064 Myrtle Sold | $600,000 | 2 | 1 | 1,112 | $540 | 0.2 mi |
B 2311 Earl Sold | $645,000 | 2 | 1 | 804 | $802 | 0.8 mi |
C 2308 Lime Avenue Sold | $608,000 | 2 | 1 | 1,042 | $583 | 0.4 mi |
D 2173 Olive Active | $675,000 List Price | 3 | 1 | 1,084 | $623 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1947 with no evidence of recent renovations. The kitchen features highly outdated cabinetry and appliances, and the listing explicitly states the property 'needs some works/repairs' and is an 'AS IS' sale, indicating a need for significant rehab.
The property is situated on a 5,207 sqft lot with LBR2N zoning, offering significant upside for investors or homeowners looking to add an ADU or explore multi-unit possibilities.
Located within walking distance (0.37 miles) of Signal Hill Elementary School, which carries a high rating of 8, making it a desirable location for families.
The inclusion of a two-car detached garage and a long driveway provides ample off-street parking and versatile space for storage or a potential workshop.
The home is being sold in 'As-Is' condition and requires repairs, which may necessitate immediate renovation capital and limit financing options for some buyers.
With only 850 square feet of interior living area, the home's footprint is relatively small, which may feel restrictive for modern lifestyle needs or larger households.
One Story Single Family Residence. 2 Bedrooms, 1 Bath and 2 car detached garage with driveway. Need some works/repairs. "AS IS" Sale. Lots of Potential for Improvements. Zone LBR2N, Buyer to verify including the Square Footage, Permits, etc. Please do not disturb occupant. Shown by confirmed appointment only. Submit all offers.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 49% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 850 | 1,234 | 11% |
| Lot Size | 5,207 | 5,796 | 38% |
| Price | $585.0K | $790.0K | 9% |
| Price per sq ft | $688 | $645 | 62% |
| Built year | 1947 | 1941 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 129 | 9% |
May 11, 2026
$585,000
Initial Listing