2051 Orange Avenue, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 1 bath
ACTIVE$829,900
2051 Orange Avenue, Long Beach, California 90806
3Beds
1Bath
2,131Sqft
6,544Lot
Year Built
1942
Close
-
List price
$830K
Original List price
$899K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
PW25045932
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $829.9K(25th), sqft - 2131(25th), beds - 3(75th), baths - 1(75th).
***FIXER FIXER FIXER First time on the market court approved probate commercial office residential mixed use zoned property. Property features single family home and store front/office retail space. Huge lot over 6,500 square feet FIXER FIXER FIXER***
Nearby schools
8/10
Signal Hill Elementary School
Public,•K-5•0.4mi
4/10
Whittier Elementary School
Public,•K-5•0.5mi
5/10
Burnett Elementary School
Public,•K-5•0.5mi
7/10
Roosevelt Elementary School
Public,•K-5•0.8mi
6/10
Washington Middle School
Public,•6-8•1.3mi
6/10
Franklin Classical Middle School
Public,•6-8•1.5mi
6/10
Polytechnic High School
Public,•9-12•0.7mi
Condition Rating
Poor
This property is explicitly marketed as a 'FIXER FIXER FIXER' and was built in 1942, indicating it requires substantial repairs and rehabilitation. While no interior images are provided, the age and description strongly suggest that all major systems (plumbing, electrical, HVAC), as well as the kitchen and bathrooms, are severely outdated and will require complete renovation or replacement to meet modern standards and functionality. The property analysis confirms 'Extensive Renovation Required' and 'Age and Potential for Outdated Systems'.
Pros & Cons
Pros
Mixed-Use Zoning & Income Potential: The property boasts commercial office residential mixed-use zoning, featuring both a single-family home and a storefront/office retail space, offering diverse income streams or live-work opportunities.
Large Lot Size: With a generous lot size of over 6,500 square feet, there is significant potential for expansion, additional units (ADU), extensive landscaping, or dedicated parking.
Strategic Location: Located in the desirable Poly High area of Long Beach, the property benefits from excellent proximity to highly-rated schools (e.g., Signal Hill Elementary, Polytechnic High) and urban amenities.
Significant Value-Add Opportunity: Explicitly marketed as a 'FIXER' with mixed-use zoning, this property presents a substantial opportunity for renovation, redevelopment, and significant value appreciation for an investor or owner-occupier.
City Lights View: The property offers attractive city lights views, enhancing its aesthetic appeal and potential desirability.
Cons
Extensive Renovation Required: The property is explicitly described as a 'FIXER' multiple times, indicating it requires substantial capital investment and effort for comprehensive repairs and upgrades.
Age and Potential for Outdated Systems: Built in 1942, the property is likely to have outdated infrastructure, including plumbing, electrical, and HVAC systems, which will require significant modernization.
Probate Sale Complexity: Being a court-approved probate sale, the transaction process may be subject to court oversight, potentially leading to longer timelines and less flexibility in negotiations compared to a traditional sale.