2246 Locust, Long Beach, California 90806, Long Beach, 90806 - 2 bed, 1 bath
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Long Beach, California 90806
This 1940s bungalow represents a High-Potential Investment Opportunity, listed at $599,900—positioned slightly above the $591,270 Fair Market Value. While the property requires a full renovation given its Condition Rating of 5, the 5,813 sq ft lot and garage with a 1/2 bath provide significant Value-Add Potential for an ADU conversion. Located in the South Wrigley neighborhood near Lafayette Elementary, this asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the area's central location and development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2246 Locust Subject | $599,900* List Price | 2 | 1 | 1,066 | $555 | - |
A 2173 Olive Sold | $565,000 | 3 | 1 | 1,084 | $521 | 0.4 mi |
B 2064 Myrtle Sold | $600,000 | 2 | 1 | 1,112 | $540 | 0.6 mi |
C 2280 San Francisco Avenue Sold | $665,000 | 2 | 2 | 1,301 | $511 | 0.7 mi |
D 549 E Rhea Sold | $730,000 | 2 | 1 | 1,234 | $592 | 0.4 mi |
E 1154 E 20th Sold | $650,000 | 2 | 1 | 1,048 | $620 | 0.8 mi |
F 701 E Vernon Active Under Contract | $688,000 List Price | 3 | 1 | 1,224 | $562 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with no mentioned renovations, this property shows significant deferred maintenance including peeling exterior paint and an aged roof. The 'sold as-is' status and 'original character' description suggest that the kitchen, bathrooms, and major systems (HVAC/Electric) are likely original or severely outdated, requiring a full rehab.
This 1940s bungalow retains its classic charm with wood siding, a hip roof, and a welcoming covered front porch, offering a timeless aesthetic highly sought after in the Wrigley area.
The generous 5,813 sq ft lot and the garage featuring an existing half-bath provide an excellent opportunity for an ADU conversion or expansion to increase property value.
Situated in South Wrigley, the property offers convenient access to shopping, dining, and freeways, and is located near high-rated schools like Lafayette Elementary.
The property is sold in as-is condition and requires significant interior and exterior updates, which may limit financing options and require substantial immediate investment.
With only 1,066 square feet and one primary bathroom, the current layout may be restrictive for growing families or buyers looking for more modern, spacious accommodations.
Charming single-story bungalow in South Wrigley, offering 2 bedrooms, 1 bath, and 1,066 sq ft under a covered front porch entry. The home retains its original character — covered porch, wood siding, and a classic hip roof — and sits on a lot already secured with wrought iron perimeter fencing, mature shade trees, and a palm out front. The yard is a blank canvas ready for landscaping, and the interior/exterior to shine. Ideal for a hands-on buyer looking for a centrally located home. Neighborhood near shopping, dining, and freeway access. Garage has a 1/2 bath and the utility room added to the back of the home. Sold as-is;
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,066 | 1,556.5 |
| Lot Size | 5,813 | 5,910 |
| Price | $599.9K | $1.02M |
| Price per sq ft | $563 | $721 |
| Built year | 1940 | 1949 |
| HOA | $0 | $240 |
| Days on market | 14 | 46 |
Jul 8, 2026
$599,900
Initial Listing