1339 Peterson Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$949,000
1339 Peterson Avenue, Long Beach, California 90813
0Bed
0Bath
1,516Sqft
5,748Lot
Year Built
1921
Close
-
List price
$949K
Original List price
$1.1M
Price/Sqft
$626
HOA
-
Days on market
-
Sold On
-
MLS number
PW24170264
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $949.0K(69th), sqft - 1516(15th), beds - undefined(50th), baths - undefined(50th).
CLOSE TO BUSINESSES ,MARKET , DOCTOR OFFICES AND RESTAURANTS, CLOSE TO FREEWAYS AND SCHOOL In the heart of Cambodian neigborhood
Price History
Date
Event
Price
01/28/16
Sold
$501,500
12/18/15
Sold
$424,500
04/25/01
Sold
$140,000
Condition Rating
Poor
The property was built in 1921, making it over a century old. The exterior images show significant age and wear, with no visible modern updates. The complete absence of interior photos, especially of the kitchen and bathrooms, strongly indicates these areas are severely outdated and require substantial repairs and rehabilitation. The property's advanced age and likely deferred maintenance align with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a triplex, the property offers immediate rental income potential, appealing to investors or owner-occupants looking to offset mortgage costs.
Prime Location & Accessibility: Strategically located close to essential amenities such as businesses, markets, doctor offices, restaurants, and schools, with easy access to freeways, ensuring convenience for residents.
Cultural Community Hub: Situated in the heart of the Cambodian neighborhood, which can foster a strong sense of community and attract tenants seeking this specific cultural environment.
Significant Price Adjustment: The property has seen a substantial price reduction from its original list price of $1.1M to $949,000, indicating a motivated seller and a potential opportunity for buyers.
Generous Lot Size: With a 5,748 sqft lot for a triplex in an urban area like Long Beach, there is potential for outdoor space, parking, or future development considerations (subject to zoning).
Cons
Advanced Age of Property: Built in 1921, the property is over a century old, suggesting potential for significant maintenance, system upgrades (plumbing, electrical, HVAC), and structural concerns.
Lack of Desirable Views: The property explicitly states 'None' for views, which can be a disadvantage in a coastal city where views often command a premium and enhance property value.
Potential for Deferred Maintenance/Outdated Condition: As an older income property, there is a higher likelihood of deferred maintenance or outdated interiors and systems that may require substantial investment to modernize and maximize rental income or resale value.