2227 W Lincoln Street, Long Beach, California 90810, Long Beach, 90810 - bed, bath
ACTIVE$829,900
2227 W Lincoln Street, Long Beach, California 90810
0Bed
0Bath
1,632Sqft
6,036Lot
Year Built
1959
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
DW25096915
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $829.9K(50th), sqft - 1632(50th), beds - undefined(50th), baths - undefined(50th).
Wow!!! Excellent opportunity for First time home buyers or investors. These 2 units' feature 2 bedrooms 1 bathroom in the front and 2 car garage plus Rear unit is also 2 bedrooms and 1 bathroom with a bonus room that is currently being used as a bedroom may not be permitted, covered patio. Both units have new roof, new paint outside, both units are in good conditions, close to 405 and 710 FRWYS close to shopping center and short distance to downtown Long Beach. Both units will be delivered vacant.
Nearby schools
5/10
Webster Elementary School
Public,•K-5•0.6mi
6/10
Dominguez Elementary School
Public,•K-5•0.9mi
5/10
Del Amo Elementary School
Public,•K-5•1.4mi
6/10
Garfield Elementary School
Public,•K-5•1.8mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•17.7mi
7/10
Muir K-8
Public,•K-8•0.9mi
5/10
Stephens Middle School
Public,•6-8•1.0mi
4/10
Hudson K-8
Public,•K-8•1.6mi
4/10
Andrew Carnegie Middle School
Public,•6-8•2.2mi
4/10
Rancho Dominguez Preparatory
Public,•6-12•0.8mi
3/10
Cabrillo High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
08/02/19
Sold
$570,000
03/07/18
Sold
$530,000
09/20/06
Sold
$580,000
Condition Rating
Fair
The property, built in 1959, is 65 years old. While the listing notes recent exterior updates like a new roof and paint, there is no mention of significant interior renovations. Based on its age and the lack of specific interior updates, the kitchens and bathrooms are likely dated in style and features, though functional. The property appears maintained but will require minor updates to modernize the interiors, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property features two separate units, offering excellent potential for rental income for investors or an owner-occupant looking to offset mortgage payments.
Delivered Vacant: Both units will be delivered vacant, providing immediate flexibility for the new owner to select tenants at market rates or occupy one unit without the complexities of existing leases.
Recent Exterior Upgrades: Both units benefit from a new roof and fresh exterior paint, reducing immediate capital expenditures for the buyer and enhancing curb appeal.
Good Overall Condition: The property is described as being in 'good conditions,' suggesting a well-maintained asset that may require less immediate renovation work.
Convenient Location: Its strategic location near the 405 and 710 freeways, shopping centers, and downtown Long Beach offers excellent accessibility and desirability for potential tenants.
Cons
Unpermitted Bonus Room: The rear unit includes a bonus room used as a bedroom that 'may not be permitted,' posing potential legal and safety issues, and requiring due diligence for compliance.
Age of Property: Built in 1959, the property is over 60 years old, which could imply older infrastructure (plumbing, electrical) that may require significant updates in the future, despite recent cosmetic improvements.
Lack of Interior Renovation Details: While exterior updates are noted, the description lacks specific details on interior renovations (e.g., kitchens, bathrooms), suggesting these areas might be dated and could require modernization to maximize rental value.