1148 Locust Avenue, Long Beach, California 90813, Long Beach, 90813 - 3 bed, 4 bath
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Long Beach, California 90813
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $850,000—positioned slightly above the $803,689 Fair Market Value. Despite the premium, the property features a Condition Rating of 2, reflecting a comprehensive, top-to-bottom renovation including new electrical, plumbing, and a Detached ADU with Separate Utilities. This versatile layout provides significant rental income potential or multigenerational living space. Located in the vibrant Long Beach Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, low-maintenance asset in an urban setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1148 Locust Avenue Subject | $850,000* List Price | 3 | 4 | 1,706 | $471 | - |
A 1148 Chestnut Avenue Sold | $945,000 | 4 | 2 | 2,078 | $455 | 0.3 mi |
B 1631 Atlantic Avenue Sold | $595,000 | 2 | 1 | 1,165 | $511 | 0.6 mi |
C 1029 Maine Avenue Active Under Contract | $799,900 List Price | 5 | 4 | 1,514 | $528 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1915 property has undergone a complete top-to-bottom renovation within the last year, effectively making it a new home. It features brand-new electrical (dual panels), plumbing, and mini-split HVAC systems. The kitchen and bathrooms are fully modernized with designer finishes, and the inclusion of a detached ADU with separate utilities confirms the extensive, high-quality nature of the rebuild.
The property features a detached Accessory Dwelling Unit with its own bathroom and separate electrical panel, providing excellent potential for rental income or multigenerational living.
Extensively rebuilt with brand-new plumbing, electrical, insulation, and mini-split HVAC systems, offering the reliability of a modern home within a charming 1915 structure.
The interior boasts a complete redesign with custom cabinetry, luxury flooring, and new windows, creating a sophisticated and contemporary living environment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1706, other record living area = 1500.
With a lot size of 3,920 square feet and two structures on-site, the property offers minimal private yard space for gardening or outdoor recreation.
Located in a high-density downtown neighborhood, the property may face typical urban drawbacks such as limited street parking and increased noise levels.
Located in the heart of vibrant Long Beach, this completely reimagined property at 1148 Locust Avenue presents a rare opportunity to own a fully remodeled home with a detached ADU in one of the city’s most desirable urban neighborhoods. Originally built in 1915, this turnkey residence has been extensively rebuilt with modern systems, designer finishes, and quality craftsmanship throughout. The main residence offers approximately 1,706 square feet of living space with 3 bedrooms and 2 bathrooms, along with a detached ADU featuring its own bathroom and separate utilities ideal for multigenerational living, guests, or rental income potential. This custom remodel includes brand-new plumbing, all new electrical, and dual electrical panels servicing both the front home and ADU separately. Additional upgrades include new drywall, insulation, luxury flooring throughout, fully remodeled bathrooms with new toilets and custom showers, and brand new mini split systems for efficient heating and cooling. The home also features all-new lighting, high end windows, fresh interior and exterior paint, and a completely redesigned kitchen with new custom cabinetry and modern finishes. Inside, the home blends contemporary style with comfortable living spaces, highlighted by a remodeled kitchen, upgraded bathrooms, vinyl flooring, and abundant natural light throughout. The detached ADU adds versatility and long-term value to this exceptional property. Situated in the sought after Downtown/Alamitos Beach area, this property offers close proximity to dining, shopping, entertainment, beaches, and major commuter routes while delivering the comfort and peace of mind of a fully rebuilt modern home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 61% |
| Baths | 4.0 | 1.0 | 91% |
| Square foot | 1,706 | 1,313 | 70% |
| Lot Size | 3,920 | 4,358 | 48% |
| Price | $850.0K | $625.0K | 74% |
| Price per sq ft | $498 | $535 | 30% |
| Built year | 1915 | 1921 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 148 | 9% |
May 20, 2026
$850,000
Initial Listing
Dec 23, 2022
$560,000
Public Record
Mar 27, 2007
$482,000
Public Record
Sep 11, 2003
$300,000
Public Record