2414 Ximeno Avenue, Long Beach, California 90815, Long Beach, 90815 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$915,000
2414 Ximeno Avenue, Long Beach, California 90815
2Beds
1Bath
1,020Sqft
6,554Lot
Price Vs. Estimate
The estimated value ($639,335.9) is $275,664.1 (30%) lower than the list price ($915,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Expansion Potential: The property boasts a good-sized lot (6554 sqft) with explicit mention of 'HUGE UPSIDE potential' for expansion, making it attractive for buyers looking to customize or add value, including potential ADU development.
Top Cons:
Limited Current Living Space: With only 2 bedrooms and 1 bathroom across 1020 sqft, the property offers minimal living space, which may not suit larger families or those desiring more room without immediate expansion.
Compared to the nearby listings
Price:$915.0K vs avg $1.11M ($-198,000)19%
Size:1,020 sqft vs avg 1,516.5 sqft5%
Price/sqft:$897 vs avg $72190%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property is 77 years old with no mention of significant renovations. The listing emphasizes 'HUGE UPSIDE potential' and the property analysis explicitly notes 'Age and Implied Need for Renovation,' indicating substantial work is required. The complete absence of interior photos, particularly of the kitchen and bathroom, strongly suggests these areas are severely outdated and in need of major rehabilitation to meet current standards. While not described as unlivable, it clearly requires extensive updates beyond minor repairs.
Year Built
1947
Close
-
List price
$915K
Original List price
$865K
Price/Sqft
$897
HOA
-
Days on market
-
Sold On
-
MLS number
PW24211858
Home ConditionPoor
Features
View-
About this home
HUGE UPSIDE potential for a Long Beach home in 90815 zip code! Only 2bedrooms, 1 bathroom, HOWEVER, GOOD sized lot for EXPANSION! Close to the 405 freeway, easy access to 71, 405, 22, 605 freeways... TONS of shopping nearby! Beautiful Neighborhood with lots of homes getting complete overhauls to beautify + increase equity, value over time!
Nearby schools
8/10
Bixby Elementary School
Public,•K-5•0.7mi
7/10
Stanford Middle School
Public,•6-8•1.3mi
6/10
Wilson High School
Public,•9-12•1.6mi
Condition Rating
Poor
Built in 1947, this property is 77 years old with no mention of significant renovations. The listing emphasizes 'HUGE UPSIDE potential' and the property analysis explicitly notes 'Age and Implied Need for Renovation,' indicating substantial work is required. The complete absence of interior photos, particularly of the kitchen and bathroom, strongly suggests these areas are severely outdated and in need of major rehabilitation to meet current standards. While not described as unlivable, it clearly requires extensive updates beyond minor repairs.
Pros & Cons
Pros
Significant Expansion Potential: The property boasts a good-sized lot (6554 sqft) with explicit mention of 'HUGE UPSIDE potential' for expansion, making it attractive for buyers looking to customize or add value, including potential ADU development.
Desirable & Appreciating Neighborhood: Located in a 'Beautiful Neighborhood' within the 90815 zip code, characterized by ongoing home overhauls that 'beautify + increase equity, value over time!', indicating a strong and improving community.
Excellent Freeway Accessibility: Offers convenient access to major freeways (405, 71, 22, 605), significantly benefiting commuters and enhancing connectivity to surrounding areas.
Proximity to Amenities: The area provides 'TONS of shopping nearby!', ensuring easy access to daily necessities and retail options.
Investment Opportunity: Marketed with 'HUGE UPSIDE potential' and situated in a neighborhood experiencing value appreciation, this property presents a strong investment opportunity for those willing to renovate and capitalize on future equity growth.
Cons
Limited Current Living Space: With only 2 bedrooms and 1 bathroom across 1020 sqft, the property offers minimal living space, which may not suit larger families or those desiring more room without immediate expansion.
Significant Overpricing Relative to Estimated Value: The current list price of $915,000 is 30% higher than the estimated property value of $639,335.9, suggesting a substantial premium for its 'upside potential' rather than its current condition, which could deter some buyers.
Age and Implied Need for Renovation: Built in 1947, the property likely requires significant modernization and updates to align with current market expectations and to fully realize its 'upside potential,' implying additional investment beyond the purchase price.