2024 Shipway Avenue, Long Beach, California 90815, Long Beach, 90815 - 4 bed, 3 bath
2024 Shipway Avenue
Long Beach, California 90815
Property Price
SUMMARY
Analysis of 2024 Shipway Avenue, Long Beach, California 90815 reveals a Prime Investment Opportunity with a current list price of $1,149,000—significantly undercutting the $1,200,000 Fair Market Value by 4%. This valuation gap indicates a +$51,000 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2024 Shipway Avenue Subject | $1,149,000* List Price | 4 | 3 | 1,542 | $778 | - |
A 1936 Roxanne Sold | $1,400,000 | 4 | 2 | 1,714 | $817 | 0.2 mi |
B 6431 E El Roble Sold | $1,235,000 | 4 | 2 | 1,414 | $873 | 0.8 mi |
C 2103 Roxanne Avenue Sold | $1,250,000 | 4 | 2 | 1,365 | $916 | 0.2 mi |
D 6261 East Marita St Sold | $1,150,000 | 3 | 2 | 1,394 | $825 | 0.9 mi |
E 6948 E Los Santos Drive Sold | $985,000 | 4 | 2 | 1,382 | $713 | 0.2 mi |
F 7065 E Stearns Active Under Contract | $1,125,000 List Price | 4 | 2 | 1,748 | $644 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1953 home has been extensively renovated within the last 5 years, featuring high-end designer finishes, real hardwood flooring, and three fully remodeled bathrooms with Moen hardware. The addition of a modern mini-split HVAC system and the turnkey condition of the kitchen and pool area meet the criteria for excellent condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Climate Control
The addition of mini-split units in all living areas and the removal of the original wall heater provide efficient, zoned cooling and heating, a significant upgrade for a 1950s-era home.
- Exceptional Bathroom Ratio
With three full bathrooms for a four-bedroom layout, this property offers a rare level of convenience and privacy for the El Dorado South neighborhood, where lower bathroom counts are standard.
- Turnkey Designer Upgrades
The home features high-quality, move-in-ready finishes including real hardwood floors, Moen hardware, and a sparkling pool, eliminating the need for immediate post-purchase renovations.
CONSRISKS & DEFICIENCIES
- Compact Interior Footprint
At 1,542 square feet for a four-bedroom, three-bath configuration, the individual room sizes and common living areas may feel somewhat constrained for larger families.
- Recent Price Adjustment
The $51,000 price improvement shortly after listing suggests the initial valuation was aggressive, which may lead to increased buyer scrutiny during the negotiation process.
About 2024 Shipway Avenue
$51,000 PRICE IMPROVEMENT. MINI-SPLIT UNITS IN ALL LIVING AREAS! And yes — we removed the hallway wall heater. Now that comfort is handled, let’s talk about why this El Dorado South home was compelling in the first place. Three is the magic number — of bathrooms. Why share? Why schedule showers like it’s an airport runway? Three full baths means everyone gets space — kids, guests, even stinky Uncle Jimmy. Fully remodeled with designer finishes and thoughtful upgrades, this home pairs style with substance. Real hardwood floors (not plastic planks made from fossil fuels). Moen bath hardware (no mystery-brand click-and-hope fixtures). The details matter — and they’re already done. Outside? A sparkling pool ready for summer. Bold curb appeal finished in Dunn-Edwards Black Tie (DE6357, since you were going to ask). It’s confident without trying too hard — kind of like the house. This isn’t a “good bones” project. It’s a move-in, exhale, and enjoy-it home. And now — it’s the most compelling option in East Long Beach.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 6,268 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,542 | 1,539 | 51% |
| Lot Size | 6,268 | 6,215 | 52% |
| Price | $1.15M | $1.14M | 52% |
| Price per sq ft | $745 | $745 | 50% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 163 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,149,000
$1,200,000
-4% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$1,200,000
Initial Listing