1404 E Michelson, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 1 bath
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Long Beach, California 90805
This Turnkey Modernized Residence is listed at $750,000, representing a stable entry point near its $711,015 Fair Market Value. Boasting an Excellent Condition Rating, the home features a fully renovated interior and a rare assumable 2.25% FHA loan, providing qualified buyers with significant monthly interest savings. The expansive lot offers Significant Development Potential for a second primary residence and junior ADU, supported by a rare 5-car RV parking driveway. Located in the Long Beach Unified district, this property is a premier choice for Owner-Occupants or first-time buyers seeking a move-in-ready asset with massive future upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1404 E Michelson Subject | $750,000* List Price | 2 | 1 | 820 | $867 | - |
A 1330 E 56th Sold | $740,000 | 2 | 1 | 768 | $964 | 0.1 mi |
B 6034 Lime Sold | $723,000 | 2 | 1 | 844 | $857 | 0.7 mi |
C 226 E 53rd Street Sold | $669,000 | 2 | 1 | 864 | $774 | 1.0 mi |
D 273 E Norton Street Sold | $710,000 | 2 | 1 | 816 | $870 | 0.9 mi |
E 265 E Norton Street Sold | $720,000 | 2 | 1 | 886 | $813 | 0.9 mi |
F 6042 Gundry Avenue Pending | $750,000 List Price | 2 | 1 | 956 | $785 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1924, the property has undergone a full recent renovation (within <5 years) including a modern kitchen with stone counters and updated flooring. Major systems are in mint condition with a new 200-amp electrical panel, central HVAC, plumbing improvements, and a 2024 exterior paint job, making it completely turnkey.
The property features an assumable FHA loan at a 2.25% interest rate, offering qualified buyers a rare opportunity to secure monthly payments significantly lower than current market rates.
With the existing home positioned at the rear of the lot, the expansive front yard provides a prime footprint for adding a second primary residence and a junior ADU.
The property boasts a rare 5-car driveway, covered carport, and RV parking, providing exceptional flexibility for multiple vehicles, recreational equipment, or guest parking.
At only 820 square feet with a single bathroom, the interior footprint is relatively small, which may limit appeal for growing families or those requiring a home office.
The list price of $750,000 reflects a premium price-per-square-foot for the North Long Beach area, potentially challenging buyers focused on interior square footage value.
Turnkey Long Beach Home with Development Potential, 5 -Car Parking & Assumable 2.25% Interest rate Loan. Rare opportunity to own a fully renovated home. Positioned at the rear of the lot, the expansive front yard offers significant buildable space. Per preliminary discussions with the City, the property may allow for a second primary residence plus a junior ADU (buyer to verify). Inside the home features a bright open layout with an oversized breakfast bar, updated finishes throughout, and central heat and air conditioning. Generously sized bedrooms and a clean, modern interior make it truly move -in ready. A standout feature is the %-car driveway , covered carport, and RV parking, ideal for multiple vehicles, recreational equipment, or future flexibility. Recent upgrades include plumbing improvements, new front and backyard concrete with an extended porch, a 200 -amp electrical panel, a newer water heater, and a freshly painted exterior in 2024. There is an assumable FHA loan at approximately 2.25% interest rate, subject to lender approval, offering a rare opportunity for qualified buyers to secure significantly below-market financing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 820 | 1,120 | 17% |
| Lot Size | 4,775 | 5,095 | 38% |
| Price | $750.0K | $715.0K | 65% |
| Price per sq ft | $915 | $653 | 94% |
| Built year | 1924 | 1942 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 135 | 4% |
May 1, 2026
$750,000
Initial Listing
Jan 22, 2021
$542,000
Public Record
Mar 10, 2017
$379,000
Public Record
Jul 28, 2016
$273,000
Public Record
Jan 5, 2010
$211,500
Public Record