2376 Locust Avenue, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 1 bath
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Long Beach, California 90806
This Versatile Wrigley Residence is a High-Potential Investment Opportunity, listed at $799,000—positioned well below the $825,386 Fair Market Value by 3%. This valuation gap provides $26,386 in Instant Equity. Boasting a Move-In Ready Condition Rating, the home features a flexible four-bedroom layout and a detached garage with significant ADU Potential on an expansive lot. Located near the 8/10 rated Lafayette Elementary, it balances immediate comfort with long-term wealth-building. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2376 Locust Avenue Subject | $799,000* List Price | 3 | 1 | 1,496 | $552 | - |
A 2366 Linden Avenue Sold | $765,000 | 4 | 2 | 1,643 | $466 | 0.3 mi |
B 2451 Daisy Sold | $890,000 | 2 | 1 | 1,364 | $652 | 0.5 mi |
C 2186 Lime Avenue Sold | $850,000 | 3 | 2 | 1,526 | $557 | 0.5 mi |
D 2720 San Francisco Sold | $840,000 | 3 | 2 | 1,750 | $480 | 0.8 mi |
E 2430 San Francisco Avenue Active | $819,000 List Price | 3 | 2 | 1,450 | $565 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and appears well-maintained. Interior images show updated luxury vinyl plank or laminate flooring throughout the living areas and bedrooms, along with clean, updated paint. While the home was built in 1926, it lacks signs of significant deferred maintenance in the visible areas. The score is tempered by the fact that there is only one bathroom for a potential four-bedroom layout and the absence of kitchen/bathroom images, which suggests those areas may be functional but not recently fully renovated to modern luxury standards.
The detached garage and expansive 5,904 sq ft lot offer significant potential for an Accessory Dwelling Unit (ADU), providing an excellent opportunity for rental income or multi-generational living.
Featuring three legal bedrooms plus a bonus fourth room, the property offers a flexible floor plan ideal for a home office, study, or additional guest space in a nearly 1,500 sq ft footprint.
Situated in the sought-after Wrigley neighborhood, the home provides excellent curb appeal and convenient access to major freeways (710 and 405), shopping, and local dining.
With only one bathroom serving up to four potential bedrooms, the layout may be inconvenient for modern families and could require significant investment to add a second bath.
Built in 1926, the property likely features aging systems and infrastructure that may require updates to meet contemporary efficiency and building standards.
Charming Wrigley Area Home with Expansive Lot and ADU Potential! Located in the desirable Wrigley neighborhood of Long Beach, this property offers incredible space and versatility. Featuring 3 bedrooms with a bonus room, ideal for use as a home office, study, or additional bedroom. Situated on an impressive 5,904 sq ft lot, the home boasts a spacious backyard with detached garage and convenient access, perfect for parking multiple vehicles, entertaining, or future expansion. Conveniently located near shopping centers, cafes, restaurants and with easy access to the 710 and 405 freeways, this home combines comfort with accessibility. The front yard offers great curb appeal.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 47% |
| Square foot | 1,496 | 1,364 | 60% |
| Lot Size | 5,904 | 5,976 | 49% |
| Price | $799.0K | $823.0K | 47% |
| Price per sq ft | $534 | $627 | 33% |
| Built year | 1926 | 1940 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 163 | 2% |
Apr 17, 2026
$799,000
Initial Listing
Feb 17, 1994
$129,000
Public Record