1169 E Broadway, Long Beach, California 90802, Long Beach, 90802 - bed, bath

1169 E Broadway, Long Beach, California 90802 home-pic-0
ACTIVE$1,449,000
1169 E Broadway, Long Beach, California 90802
0Bed
0Bath
3,544Sqft
3,317Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Future Growth: Situated in the highly desirable Alamitos Beach, Long Beach, with proximity to the beach and significant city development, including the 2028 Olympics, promising strong appreciation and rental demand.
Top Cons:
Historic Property Age: Built in 1921, the property's age, despite renovations, may present long-term maintenance challenges or require specialized upkeep for its century-old infrastructure.

Compared to the nearby listings

Price:$1.45M vs avg $1.05M (+$399,000)82%
Size:3,544 sqft vs avg 3,544 sqft50%
Price/sqft:$409 vs avg $40950%

More Insights

Built in 1921 (104 years old).
Condition: This property has undergone extensive and thorough recent renovations, both inside and out. The description explicitly states 'thoroughly renovated recently,' including new paint, windows, upgraded doors, and updated exterior spaces. Each unit features upgraded electrical, new luxury vinyl plank flooring, and fully renovated kitchens with new white shaker cabinets, high-end quartz countertops, new appliances (dishwasher, microwave, stove), and LED canned lighting. Bathrooms are also remodeled with modern fixtures and tile. Despite being built in 1921, the property's condition aligns with 'excellent' due to these comprehensive updates, making all components virtually new and meeting current quality standards with no deferred maintenance.
Year Built
1921
Close
-
List price
$1.45M
Original List price
$1.65M
Price/Sqft
$409
HOA
-
Days on market
-
Sold On
-
MLS number
PW25178986
Home ConditionExcellent
Features
View-

About this home

BACK ON THE MARKET, due to no fault of the Seller... Great opportunity & Amazing Timing to own a pristine Residential Income 4 Unit Property located in one of the best positions in the entire city of Long Beach, CA! This is your chance to own a beautiful asset, which has been thoroughly renovated recently, in the host city for the 2028 Los Angeles Olympic and Paralympic Games. Each unit will rent with ease, in one of the most landlord-friendly cities in all Southern CA. The exterior of the building presents wonderful curb appeal, being complete with: new paint & trim, new windows, upgraded doors, updated stairs, and updated private exterior spaces. The property is located walking distance away from the Long Beach sand. Each of the 4 units is complete with: a beautiful & functional layout, upgraded electrical, upgraded luxury vinyl plank flooring, a renovated kitchen with new cabinets, high end countertops, new dishwasher, new microwave, new stove, upgraded LED canned lighting, and remodeled tile backsplash. The property also has a detached 1 car garage, providing a potential source for additional income for the new owner as well as increased functionality. Additionally, the city of Long Beach keeps growing at an exponential rate, quickly expanding its reputation as an international epicenter. On top of hosting the 2028 Summer Olympics, Long Beach has the following development projects in progress: the Shoreline Gateway, the Bloom @ Magnolia, the Colorado Lagoon Project, the Shoemaker Bridge Replacement Project, as well as numerous large-scale conceptual projects. This beautiful property is an excellent opportunity to attain a remarkable & timely asset in a perfect location!

Nearby schools

7/10
Stevenson Elementary School
Public,K-50.5mi
6/10
Burbank Elementary School
Public,K-50.8mi
6/10
Franklin Classical Middle School
Public,6-80.3mi
6/10
Polytechnic High School
Public,9-121.4mi

Price History

Date
Event
Price
02/20/25
Sold
$1,100,000
Condition Rating
Excellent

This property has undergone extensive and thorough recent renovations, both inside and out. The description explicitly states 'thoroughly renovated recently,' including new paint, windows, upgraded doors, and updated exterior spaces. Each unit features upgraded electrical, new luxury vinyl plank flooring, and fully renovated kitchens with new white shaker cabinets, high-end quartz countertops, new appliances (dishwasher, microwave, stove), and LED canned lighting. Bathrooms are also remodeled with modern fixtures and tile. Despite being built in 1921, the property's condition aligns with 'excellent' due to these comprehensive updates, making all components virtually new and meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Location & Future Growth: Situated in the highly desirable Alamitos Beach, Long Beach, with proximity to the beach and significant city development, including the 2028 Olympics, promising strong appreciation and rental demand.
Extensive Recent Renovations: The property has undergone thorough recent renovations, encompassing both exterior (paint, windows, doors, stairs) and interior units (upgraded electrical, luxury vinyl plank flooring, renovated kitchens with new appliances, LED lighting), offering a turnkey investment.
Income-Generating Quadruplex: A 4-unit residential income property in a landlord-friendly city, ensuring multiple revenue streams and high rentability for each unit.
Strong Curb Appeal & Modern Interiors: The building boasts wonderful curb appeal, complemented by beautifully designed and functional unit layouts featuring modern finishes and appliances, attracting quality tenants.
Additional Income Potential: A detached 1-car garage offers a valuable opportunity for additional rental income or enhanced tenant amenities.

Cons

Historic Property Age: Built in 1921, the property's age, despite renovations, may present long-term maintenance challenges or require specialized upkeep for its century-old infrastructure.
Limited Lot Size: The 3,317 sqft lot is relatively small for a four-unit property, potentially restricting outdoor amenities or future expansion opportunities.
Inconsistent Pricing History: The property has experienced multiple significant price changes since its initial listing, which could suggest market uncertainty or difficulty in establishing a stable valuation.

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