1233 W 33rd St, Long Beach, California 90810, Long Beach, 90810 - bed, bath
ACTIVE$725,000
1233 W 33rd St, Long Beach, California 90810
0Bed
0Bath
1,488Sqft
3,554Lot
Year Built
1961
Close
-
List price
$725K
Original List price
$749K
Price/Sqft
$487
HOA
-
Days on market
-
Sold On
-
MLS number
DW25010117
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $725.0K(20th), sqft - 1488(50th), beds - undefined(50th), baths - undefined(50th).
this property shows as two one bedroom one bath units each however the owner is currently as two bedrooms . One unit is owner occupied and will be delivered vacant.
Condition Rating
Poor
Built in 1961, this property is over 60 years old with no visible signs of recent major renovations from the exterior images. The property features a dated appearance, chain-link fencing, and cracked pavement, suggesting deferred maintenance. While interior images are not provided, the age of the property strongly indicates that major systems (plumbing, electrical, HVAC) and interior finishes, including kitchens and bathrooms, are likely original or significantly outdated and will require substantial repairs and modernization to meet current standards.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, explicitly categorized as 'Residential Income,' offering the potential for rental income from two units or owner-occupancy with supplemental rental income.
Vacant Unit for Immediate Occupancy/Rental: One unit is owner-occupied and will be delivered vacant, providing an immediate opportunity for an owner-occupant buyer or allowing an investor to set market rent from day one.
Recent Price Reduction: The list price has been reduced by $24,000 from the original, potentially signaling a motivated seller and offering better value to prospective buyers.
Flexible Unit Configuration: Although officially 1-bedroom units, the owner currently utilizes them as 2-bedroom units, which could offer flexibility in rental strategy or appeal to a broader tenant base.
Long Beach Location: Located in North Long Beach, the property benefits from being in a well-established city known for its rental demand and potential for property value appreciation.
Cons
Unverified Bedroom Count: The discrepancy between the official 1-bedroom units and the current 2-bedroom usage by the owner suggests potential unpermitted conversions or non-standard configurations, which could lead to appraisal, legal, or insurance challenges.
Age of Property: Built in 1961, the property is over 60 years old, indicating a likelihood of older systems (plumbing, electrical, HVAC) and potential for deferred maintenance or the need for significant modernization to meet current standards.
Compact Lot Size: With a lot size of 3,554 sqft, the property has a relatively small footprint for a duplex, which may limit outdoor space, parking options, or future expansion possibilities.