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1430 E Michelson Street, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 2 bath

1430 E Michelson Street, Long Beach, California 90805 home-pic-0
ACTIVE$850,000
1430 E Michelson Street, Long Beach, California 90805
2Beds
2Baths
1,360Sqft
4,754Lot

Price Vs. Estimate

The estimated value ($828,024.465) is $21,975.535 (2%) lower than the list price ($850,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Recent Renovation: The front home has been extensively renovated within the last three years, featuring central AC, new dual-pane windows, an open-concept gourmet kitchen with stainless steel appliances, new flooring, and updated bathrooms, offering a modern, move-in ready living space.
Top Cons:
Potential Permitting Issues for Bonus Unit: The property is listed as a 'Single Family Residence' despite describing a 'detached bonus room configured with 3 bedrooms and 2 bathrooms' and calling the property a 'duplex.' This discrepancy suggests the bonus unit may be unpermitted living space, posing legal, financing, and insurance risks.

Compared to the nearby listings

Price:$850.0K vs avg $749.5K (+$100,550)90%
Size:1,360 sqft vs avg 1,146.5 sqft73%
Price/sqft:$625 vs avg $63248%

More Insights

Built in 1940 (85 years old).
Condition: The front home has been extensively renovated within the last 3 years, including central AC, new dual-pane windows, new flooring, recessed lighting, and an open-concept gourmet kitchen with stainless steel appliances. The bathroom is also beautifully renovated. The images confirm a modern, move-in ready interior with high-quality finishes and updated systems, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Year Built
1940
Close
-
List price
$850K
Original List price
$900K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
RS25051898
Home ConditionExcellent
Features
Patio
ViewCourtyard

About this home

Welcome to 1430 E Michelson Street… a charming "duplex" ,with a great growth opportunity , is serenely tucked away on a lovely tree lined street in North Long Beach. The front home is 2 bedrooms and 1 bathroom… extensively renovated in the last 3 years, including central AC, new dual pane windows, recessed lighting, ceiling fans, new flooring, crown moldings, open concept gourmet kitchen with stainless steel appliances, decoratively refaced living room fireplace, new wardrobe closets, plus a rolling barn door opening to a beautifully renovated bathroom with a tiled rolling door shower stall. A long gated driveway extends to a large motor-court, patio, tree shaded grounds, and a detached bonus room (hideaway retreat) currently configured with 3 bedrooms and 2 bathrooms with a rear patio. A property of incredible quality, embracing natural warmth and unbelievable possibilities for first time home buyers , contractors are welcomed.

Price History

Date
Event
Price
05/26/21
Sold
$785,000
08/13/10
Sold
$250,000
Condition Rating
Excellent
The front home has been extensively renovated within the last 3 years, including central AC, new dual-pane windows, new flooring, recessed lighting, and an open-concept gourmet kitchen with stainless steel appliances. The bathroom is also beautifully renovated. The images confirm a modern, move-in ready interior with high-quality finishes and updated systems, aligning perfectly with the 'Excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Extensive Recent Renovation: The front home has been extensively renovated within the last three years, featuring central AC, new dual-pane windows, an open-concept gourmet kitchen with stainless steel appliances, new flooring, and updated bathrooms, offering a modern, move-in ready living space.
Versatile Detached Bonus Unit: A detached bonus room, currently configured with 3 bedrooms and 2 bathrooms, provides significant flexibility for potential rental income, multi-generational living, or a dedicated home office/studio.
Desirable Neighborhood & Curb Appeal: Serenely tucked away on a lovely tree-lined street in North Long Beach, the property offers a charming residential setting, complemented by a gated driveway, large motor-court, and private outdoor patio areas.
Modern Comforts & Upgrades: Key modern amenities such as central air conditioning, dual-pane windows, recessed lighting, and a fully equipped gourmet kitchen significantly enhance comfort and contemporary living.
Ample Off-Street Parking: The long gated driveway and large motor-court provide substantial off-street parking, a valuable asset in urban environments and for properties with multiple living units.

Cons

Potential Permitting Issues for Bonus Unit: The property is listed as a 'Single Family Residence' despite describing a 'detached bonus room configured with 3 bedrooms and 2 bathrooms' and calling the property a 'duplex.' This discrepancy suggests the bonus unit may be unpermitted living space, posing legal, financing, and insurance risks.
Age of Original Structure: Built in 1940, the underlying structure is older, which, despite recent renovations, could still present potential long-term maintenance considerations or hidden issues typical of vintage homes.
Recent Price Reduction: The property experienced a price reduction from $899,900 to $850,000, which may indicate initial overpricing or market resistance, potentially affecting buyer perception or time on market.

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