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1524 Hellman St, Long Beach, California 90813, Long Beach, 90813 - 6 bed, 4 bath

1524 Hellman St, Long Beach, California 90813 home-pic-0
ACTIVE$1,429,000
1524 Hellman St, Long Beach, California 90813
6Beds
4Baths
2,366Sqft
6,975Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Income Potential: As a triplex (two 1-bedroom cottages and a 4-bedroom main house), this property offers significant income generation opportunities for investors or owner-occupants.
Top Cons:
Age of Property: Built in 1921, the property's age, despite modern upgrades, may still present potential for unforeseen maintenance issues related to original infrastructure not explicitly mentioned as replaced.

Compared to the nearby listings

Price:$1.43M vs avg $850.0K (+$579,000)92%
Size:2,366 sqft vs avg 2,366 sqft50%
Price/sqft:$604 vs avg $34992%

More Insights

Built in 1921 (104 years old).
Condition: This multi-unit property, built in 1921, has undergone significant and recent upgrades, particularly in the 'Big House' which features a thoughtfully remodeled kitchen with modern cabinetry, countertops, and stainless steel appliances, along with a modern bathroom. Major systems like HVAC, tankless water heaters, roof, and a solar energy system are new or recently updated across the property. While some elements in the cottages, such as older kitchen appliances and traditional bathroom fixtures, are not as modern as the main house, they are clean, functional, and well-maintained. The property is move-in ready with no immediate renovation required, aligning with a 'Good' condition score, reflecting a blend of historic character and substantial modern improvements.
Year Built
1921
Close
-
List price
$1.43M
Original List price
$1.5M
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
PW24253906
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 1524–1530 Hellman Street, a rare opportunity to own a piece of Long Beach history in the heart of the Historic Craftsman Village. Built in 1921, this charming multi-unit property blends timeless character with modern upgrades, perfect for an owner-occupant or investor. The property includes two twin 1-bedroom, 1-bathroom cottages, each featuring hardwood floors, cozy kitchens with electric range/ovens and refrigerators, new tankless water heaters, and energy-efficient mini-split HVAC systems. The front cottage also boasts a recently remodeled bathroom, ideal for long term rentals. Tucked behind the cottages is the “Big House” – a spacious two-story Craftsman home offering 4 bedrooms and 2 bathrooms. Recent upgrades include a new HVAC system, tankless water heater, roof, and a solar energy system. The kitchen and living areas have been thoughtfully remodeled with new hardwood flooring, modern cabinetry, countertops, and the addition of a much-needed dishwasher. Completing the property is a two-car garage that has been previously used as a gym/bonus room and features a built-in half bath—making it a prime candidate for conversion into a sizable ADU (Accessory Dwelling Unit). Don’t miss this exceptional chance to own a well-maintained classic in one of Long Beach’s most treasured neighborhoods.

Price History

Date
Event
Price
07/13/00
Sold
$250,000
11/15/99
Sold
$150,000
04/26/96
Sold
$1,000
04/26/96
Sold
$29,009
Condition Rating
Good
This multi-unit property, built in 1921, has undergone significant and recent upgrades, particularly in the 'Big House' which features a thoughtfully remodeled kitchen with modern cabinetry, countertops, and stainless steel appliances, along with a modern bathroom. Major systems like HVAC, tankless water heaters, roof, and a solar energy system are new or recently updated across the property. While some elements in the cottages, such as older kitchen appliances and traditional bathroom fixtures, are not as modern as the main house, they are clean, functional, and well-maintained. The property is move-in ready with no immediate renovation required, aligning with a 'Good' condition score, reflecting a blend of historic character and substantial modern improvements.
Pros & Cons

Pros

Multi-Unit Income Potential: As a triplex (two 1-bedroom cottages and a 4-bedroom main house), this property offers significant income generation opportunities for investors or owner-occupants.
Extensive Modern Upgrades: Both the cottages and the 'Big House' have received substantial modern upgrades, including new HVAC systems, tankless water heaters, a new roof, and remodeled kitchens/bathrooms, reducing immediate capital expenditure for a new owner.
Solar Energy System: The main 'Big House' features a solar energy system, providing energy efficiency, lower utility costs, and environmental benefits, enhancing its long-term value.
ADU Conversion Potential: The two-car garage, already equipped with a half bath and used as a bonus room, is explicitly identified as a prime candidate for conversion into an Accessory Dwelling Unit (ADU), offering significant future value addition and increased rental income.
Historic Charm & Desirable Location: Situated in the Historic Craftsman Village of Long Beach, the property boasts timeless character and is located in a 'treasured neighborhood,' appealing to buyers seeking charm and community.

Cons

Age of Property: Built in 1921, the property's age, despite modern upgrades, may still present potential for unforeseen maintenance issues related to original infrastructure not explicitly mentioned as replaced.
No Scenic Views: The property description explicitly states 'None' for views, which could be a drawback for buyers prioritizing scenic outlooks, especially in a coastal city like Long Beach.
Recent Price Reduction: The list price has been reduced from $1,495,000 to $1,429,000, which could indicate initial overpricing or a slower market response, potentially affecting buyer perception or negotiation leverage.

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