125 E 68th Way, Long Beach, California 90805, Long Beach, 90805 - 1 bed, 1 bath
ACTIVE$589,000
125 E 68th Way, Long Beach, California 90805
1Bed
1Bath
558Sqft
2,885Lot
Price Vs. Estimate
The estimated value ($556,759.425) is $32,240.575 (5%) lower than the list price ($589,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Conversion Potential with Approved Plans: The property offers significant value-add potential through an ADU conversion, with permitted plans for both an ADU and a master suite included, saving buyers time and expense.
Top Cons:
Compact Living Space: With only 558 sqft, the home offers very limited interior living space, which may not suit all buyer needs.
Compared to the nearby listings
Price:$589.0K vs avg $747.0K ($-158,000)8%
Size:558 sqft vs avg 1,142 sqft2%
Price/sqft:$1.1K vs avg $63399%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property is aged. While the exterior appears maintained, the kitchen, with its dark wood cabinets, speckled laminate countertops, and dated tile backsplash and flooring, suggests a renovation approximately 15-30 years ago. It is functional but clearly outdated and would benefit from minor cosmetic updates. No major defects are visible, but the age implies potential for older systems.
Year Built
1924
Close
-
List price
$589K
Original List price
$555K
Price/Sqft
$1,056
HOA
-
Days on market
-
Sold On
-
MLS number
SB25203252
Home ConditionFair
Features
ViewNeighborhood
About this home
Welcome to 125 E 68th Way, a charming and cozy 1-bedroom, 1-bath home featuring a bonus room that is ideal for a second bedroom, home office, or den. This home is perfect as a starter home or an investment property, combining functionality with great potential. A two-car detached garage is located at the rear of the property with convenient alley access, offering an exciting opportunity for conversion into an Accessory Dwelling Unit (ADU) to add long-term value. ADU plans and permitted additions for a master suite are included with the sale. Please call / Text for details.
Price History
Date
Event
Price
05/11/01
Sold
$98,000
12/31/20
Sold
$360,000
09/16/08
Sold
$109,000
04/14/04
Sold
$234,000
Condition Rating
Fair
Built in 1924, this property is aged. While the exterior appears maintained, the kitchen, with its dark wood cabinets, speckled laminate countertops, and dated tile backsplash and flooring, suggests a renovation approximately 15-30 years ago. It is functional but clearly outdated and would benefit from minor cosmetic updates. No major defects are visible, but the age implies potential for older systems.
Pros & Cons
Pros
ADU Conversion Potential with Approved Plans: The property offers significant value-add potential through an ADU conversion, with permitted plans for both an ADU and a master suite included, saving buyers time and expense.
Versatile Bonus Room: A dedicated bonus room provides flexible space, easily adaptable as a second bedroom, home office, or den, enhancing the home's functionality.
Ideal for Starter Home or Investment: Positioned as an excellent opportunity for first-time homebuyers or investors seeking a property with growth potential.
Detached Two-Car Garage with Alley Access: A valuable asset providing ample parking, storage, and crucial infrastructure for the ADU conversion.
Charming & Cozy Appeal: The home is described as charming and cozy, appealing to buyers looking for a comfortable and intimate living space.
Cons
Compact Living Space: With only 558 sqft, the home offers very limited interior living space, which may not suit all buyer needs.
Single Bedroom & Bathroom Configuration: The property features only one bedroom and one bathroom, restricting its appeal to individuals or small households.
Historic Property Age: Built in 1924, the home's age may imply a need for updates to systems or components, and potential for higher maintenance costs compared to newer constructions.