1450 Peterson, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1450 Peterson, Long Beach, California 90813 home-pic-0
ACTIVE$825,000
1450 Peterson, Long Beach, California 90813
0Bed
0Bath
1,475Sqft
5,129Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Duplex: Features two separate homes on one lot, offering significant potential for rental income or owner-occupancy with supplemental income.
Top Cons:
Sold As-Is Condition: The property is being sold 'AS-IS,' indicating that buyers should anticipate potential repair or upgrade costs without seller concessions.

Compared to the nearby listings

Price:$825.0K vs avg $825.0K (+$0)50%
Size:1,475 sqft vs avg 2,248 sqft15%
Price/sqft:$559 vs avg $34985%

More Insights

Built in 1916 (109 years old).
Condition: This 1916-built duplex presents a mixed condition. The front unit features a very dated kitchen with old cabinets, countertops, and backsplash, along with a dated tiled bathroom and ceramic tile flooring throughout. These areas require substantial renovation to meet current standards. In contrast, the rear unit has been recently updated with modern 'grey driftwood look' flooring, white shaker cabinets, stainless steel appliances, and a contemporary tiled bathroom, placing it in good condition. However, the property is sold 'AS-IS,' which, combined with its historic age, suggests potential for significant repairs or updates to major systems (plumbing, electrical, HVAC, roof, foundation) beyond cosmetic improvements, especially for the older front unit and the overall structure. While livable, the property requires more than minor updates to bring the main unit up to modern expectations and address potential age-related issues.
Year Built
1916
Close
-
List price
$825K
Original List price
$825K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
SW25275860
Home ConditionFair
Features
Patio
View-

About this home

Long Beach! Here is a once in a lifetime opportunity to not only become a real estate investor or first time home buyer but also to own a property close to California's coastline! Live in one and rent out the other! This property features 2 separate homes on one lot, a 3 bedroom and 1 bath home almost 1,000 sf, with tile floors in living area, a decent sized kitchen with plenty of cabinet and counter space and huge service porch/laundry area, plenty of room to add a bath! Front unit has its own covered patio. The rear unit is a junior one bedroom one bath home with almost 500 sf. of living space, stainless steel kitchen appliances, and grey driftwood look floors. This property has fully fenced front and rear yards, rear alley access with large iron gate, and has large, covered cement patio that could be used for entertaining or tandem parking for 4 cars possibly more! There is also an additional storage shed for additional storage. Centrally located! Close to Cal State Long Beach, Long Beach port, parks, restaurants and public transportation. Super easy to view! Come see it today! Sold AS-IS Condition.

Price History

Date
Event
Price
10/24/23
Sold
$750,000
10/06/05
Sold
$529,000
06/14/04
Sold
$1,554,545
Condition Rating
Fair

This 1916-built duplex presents a mixed condition. The front unit features a very dated kitchen with old cabinets, countertops, and backsplash, along with a dated tiled bathroom and ceramic tile flooring throughout. These areas require substantial renovation to meet current standards. In contrast, the rear unit has been recently updated with modern 'grey driftwood look' flooring, white shaker cabinets, stainless steel appliances, and a contemporary tiled bathroom, placing it in good condition. However, the property is sold 'AS-IS,' which, combined with its historic age, suggests potential for significant repairs or updates to major systems (plumbing, electrical, HVAC, roof, foundation) beyond cosmetic improvements, especially for the older front unit and the overall structure. While livable, the property requires more than minor updates to bring the main unit up to modern expectations and address potential age-related issues.
Pros & Cons

Pros

Income-Generating Duplex: Features two separate homes on one lot, offering significant potential for rental income or owner-occupancy with supplemental income.
Strategic Location: Centrally located in North Long Beach, providing convenient access to Cal State Long Beach, the Port of Long Beach, parks, dining, and public transportation.
Ample Parking & Outdoor Space: Includes a large, covered cement patio suitable for entertaining or tandem parking for multiple vehicles, complemented by fully fenced front and rear yards.
Updated Rear Unit: The junior one-bedroom rear unit boasts modern amenities, including stainless steel kitchen appliances and contemporary flooring, enhancing its rental appeal.
Versatile Investment Opportunity: Ideal for both first-time homebuyers seeking to offset costs and seasoned investors looking for a multi-unit property in a desirable area.

Cons

Sold As-Is Condition: The property is being sold 'AS-IS,' indicating that buyers should anticipate potential repair or upgrade costs without seller concessions.
Historic Property Age: Built in 1916, the property's age may necessitate significant maintenance, system updates, or structural considerations typical of older homes.
Limited Bathroom Count (Front Unit): The primary 3-bedroom unit currently features only one bathroom, which could be a functional limitation for larger households, despite noted potential for expansion.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state