1450 Peterson, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Residential Income Duplex functions as a strategic Value-Add Asset in a high-demand rental corridor. Listed at a List Price of $825,000 with a $657,189 Fair Market Value, the property offers two separate dwellings on a single lot, including a 3-bedroom front unit and an updated 1-bedroom rear unit. Given the Condition Rating of 5 and "AS-IS" status, the 1916-built structure requires rehabilitation to maximize its income potential. Featuring Tandem Parking for 4+ Cars and proximity to Cal State Long Beach, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1450 Peterson Subject | $825,000* List Price | 0 | 0 | 1,475 | $446 | - |
A 1912 E 10th Sold | $783,000 | 0 | 0 | 1,568 | $499 | 0.5 mi |
B 402 E 16th Street Active | $700,000 List Price | 3 | 2 | 1,485 | $471 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916 and sold 'AS-IS,' this property requires substantial rehabilitation. The front unit's kitchen is severely outdated, lacking appliances, and features old cabinets and tile, necessitating a full renovation. While the rear unit has more updated kitchen appliances and flooring, the overall age of the property and the condition of the main unit's kitchen and exterior elements indicate significant repairs are needed.
This property offers significant income potential as a duplex, featuring two separate homes on one lot, allowing an owner to live in one unit and rent out the other.
Centrally located in Long Beach, close to Cal State Long Beach, the Long Beach port, various parks, restaurants, and public transportation, enhancing its appeal to renters and residents.
Features rear alley access with a large iron gate, a substantial covered cement patio suitable for entertaining or tandem parking for 4+ cars, and an additional storage shed.
The property is sold in 'AS-IS' condition, which may imply a need for immediate repairs, upgrades, or deferred maintenance, requiring additional investment from the buyer.
Built in 1916, the property is over a century old, which could lead to potential issues with outdated systems (plumbing, electrical) and higher maintenance costs.
The front 3-bedroom unit currently has only one bathroom, which may be a drawback for larger families or multiple occupants, despite the description noting room to add another.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,475 | 2,366 | 27% |
| Lot Size | 5,129 | 5,200 | 47% |
| Price | $825.0K | $985.0K | 33% |
| Price per sq ft | $559 | $425 | 87% |
| Built year | 1916 | 1922 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 129 | 164 | 40% |
Dec 14, 2025
$825,000
Initial Listing
Oct 24, 2023
$750,000
Public Record
Oct 6, 2005
$529,000
Public Record
Jun 14, 2004
$1,554,545
Public Record