236 E 67th Way, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 1 bath
Loading property details...
Long Beach, California 90805
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well above the $414,748 Fair Market Value by -20%. Featuring a Condition Rating of 6, this 1918 build serves as a blank canvas for redevelopment. The street-to-alley lot configuration provides significant upside for an ADU addition to maximize rental income. Located near the 710 and 91 freeways, this asset is ideal for Buy-and-Hold Investors or Contractors focused on long-term value-add strategies in a well-connected Long Beach neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 236 E 67th Way Subject | $500,000* List Price | 3 | 1 | 1,360 | $305 | - |
A 6841 Millmark Avenue Sold | $616,500 | 3 | 2 | 1,296 | $476 | 0.8 mi |
B 21 E 68th Pending | $575,000 List Price | 3 | 2 | 1,527 | $377 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1918 (>100 years old) with no mention of renovations, the listing explicitly markets the property as a 'redevelopment project' and a 'canvas' for a 'fresh start.' The focus on the street-to-alley lot for new construction and ADU potential indicates the value lies in the land rather than the existing structure.
The street-to-alley lot configuration provides a prime opportunity for an Accessory Dwelling Unit (ADU) or multi-generational living with private rear access.
Situated near the 710 and 91 freeways, the property offers excellent connectivity to both Los Angeles and Orange County employment hubs and coastal amenities.
Located on a picturesque, jacaranda-lined street, the property features a classic front porch entry that enhances its aesthetic appeal and community atmosphere.
The property is marketed as a 'visionary remodel' or 'redevelopment project,' indicating that substantial capital investment is required to address its current condition.
Built in 1918, the home’s 3-bedroom, 1-bathroom layout is outdated for modern living standards and may require a costly reconfiguration to add additional bathrooms.
On a picturesque, jacaranda-lined street, you will find this property with incredible potential for a visionary remodel or redevelopment project. The current home with a charming front porch entry sits on a coveted street-to-alley lot. Imagine a beautifully updated or newly constructed single family home in front while utilizing the alley access to create an additional accessory dwelling unit (ADU) in the back. This generous lot offers the chance to create a multi-functional space ideal for extended family, rental income, or a private guest retreat. Located just minutes from major freeways, including the 710 and 91, this blossoming neighborhood is well-connected to Los Angeles as well as Orange County, making it ideal for those seeking both city amenities and coastal enjoyment. The surrounding area offers a mix of parks, shopping, and diverse dining options, creating a vibrant community atmosphere. Whether you envision a transformative restoration or an entirely fresh start, this property provides a perfect canvas for your new beginning in Long Beach.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 51% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,360 | 1,126 | 77% |
| Lot Size | 6,036 | 5,103 | 78% |
| Price | $500.0K | $715.0K | 3% |
| Price per sq ft | $368 | $653 | 2% |
| Built year | 1918 | 1942 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 577 | 135 | 0% |
Nov 6, 2024
$500,000
Initial Listing