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1909 E 59th Street, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 1 bath

1909 E 59th Street, Long Beach, California 90805 home-pic-0
ACTIVE$690,000
1909 E 59th Street, Long Beach, California 90805
3Beds
1Bath
1,044Sqft
4,634Lot

Price Vs. Estimate

The estimated value ($677,530.445) is $12,469.555 (1%) lower than the list price ($690,000). This property may be overpriced.

Key pros and cons

Top Pros:
Investment Opportunity: Currently tenant-occupied with a rental income of $3,000/month, offering immediate cash flow for investors.
Top Cons:
Renovation Needed: The property requires TLC to reach its full potential, which may involve additional costs and effort.

Compared to the nearby listings

Price:$690.0K vs avg $747.0K ($-57,000)29%
Size:1,044 sqft vs avg 1,142 sqft37%
Price/sqft:$661 vs avg $63357%

More Insights

Built in 1923 (102 years old).
Condition: The property was built in 1923. The images show a kitchen and bathroom that are functional but outdated. The description mentions 'a little TLC' and the need to customize, suggesting that updates are needed. While the property is tenant-occupied and generating income, the overall condition appears to be fair, requiring some updates to meet modern standards.
Year Built
1923
Close
-
List price
$690K
Original List price
$690K
Price/Sqft
$661
HOA
-
Days on market
-
Sold On
-
MLS number
P1-20196
Home ConditionFair
Features
View-

About this home

Charming 3 bedroom, 1 bathroom home in vibrant Long Beach! This inviting property features a cozy layout with endless potential, complemented by a spacious backyard perfect for entertaining, gardening, or simply relaxing. The converted garage adds incredible versatility--ideal for a home office, gym, or creative studio. With a little TLC, this hidden gem could truly shine. Currently tenant-occupied and generating $3,000/month, the home offers a great investment opportunity or a blank slate for first-time buyers. The property can be delivered vacant at closing, making it a perfect canvas to customize and add value. Don't miss out on the chance to make this home your own or add it to your portfolio! Street parking only.

Condition Rating
Fair
The property was built in 1923. The images show a kitchen and bathroom that are functional but outdated. The description mentions 'a little TLC' and the need to customize, suggesting that updates are needed. While the property is tenant-occupied and generating income, the overall condition appears to be fair, requiring some updates to meet modern standards.
Pros & Cons

Pros

Investment Opportunity: Currently tenant-occupied with a rental income of $3,000/month, offering immediate cash flow for investors.
Versatile Space: The converted garage provides flexible space that can be used as a home office, gym, or studio, adding value and functionality.
Large Backyard: Spacious backyard offers potential for outdoor entertaining, gardening, or relaxation.

Cons

Renovation Needed: The property requires TLC to reach its full potential, which may involve additional costs and effort.
Street Parking Only: The property lacks dedicated parking, relying solely on street parking, which could be inconvenient for residents and guests.

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