2690 Oregon, Long Beach, California 90806, Long Beach, 90806 - 2 bed, 2 bath
ACTIVE$899,000
2690 Oregon, Long Beach, California 90806
2Beds
2Baths
2,034Sqft
6,461Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: As a residential income property (duplex), it offers the significant advantage of potential rental income from two units, making it an attractive investment opportunity.
Top Cons:
Advanced Age of Property: Built in 1940, the property is 84 years old, indicating a high likelihood of requiring significant updates to major systems (plumbing, electrical, HVAC) and general renovations to meet modern standards and tenant expectations.
Compared to the nearby listings
Price:$899.0K vs avg $907.0K ($-8,000)50%
Size:2,034 sqft vs avg 2,123 sqft50%
Price/sqft:$442 vs avg $44050%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is 84 years old. While the exterior appears maintained, the interior, particularly the kitchen, is significantly outdated with very old wooden cabinets, laminate countertops, and older white appliances, suggesting a renovation 30-50 years ago or original components. The flooring and light fixtures are also dated. Given the age and visible condition, major systems (plumbing, electrical, HVAC) are highly likely to require substantial repairs and rehabilitation to meet modern standards and safety, pushing it beyond minor updates.
Year Built
1940
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
PW25277543
Home ConditionPoor
Features
View-
About this home
Nearby schools
6/10
Birney Elementary School
Public,•K-5•0.4mi
8/10
Lafayette Elementary School
Public,•K-5•0.4mi
5/10
Burnett Elementary School
Public,•K-5•1.1mi
8/10
Los Cerritos Elementary School
Public,•K-5•1.5mi
6/10
Robinson Academy
Public,•K-8•0.5mi
6/10
Washington Middle School
Public,•6-8•1.5mi
7/10
Hughes Middle School
Public,•6-8•1.9mi
3/10
Cabrillo High School
Public,•9-12•1.2mi
6/10
Polytechnic High School
Public,•9-12•1.6mi
Price History
Date
Event
Price
02/18/94
Sold
$175,000
Condition Rating
Poor
Built in 1940, this property is 84 years old. While the exterior appears maintained, the interior, particularly the kitchen, is significantly outdated with very old wooden cabinets, laminate countertops, and older white appliances, suggesting a renovation 30-50 years ago or original components. The flooring and light fixtures are also dated. Given the age and visible condition, major systems (plumbing, electrical, HVAC) are highly likely to require substantial repairs and rehabilitation to meet modern standards and safety, pushing it beyond minor updates.
Pros & Cons
Pros
Income-Generating Duplex: As a residential income property (duplex), it offers the significant advantage of potential rental income from two units, making it an attractive investment opportunity.
Generous Lot Size: The property sits on a substantial 6,461 sqft lot, providing ample outdoor space, potential for landscaping, or future expansion possibilities (subject to zoning regulations).
Desirable Wrigley Area Location: Located in the well-established and sought-after Wrigley Area of Long Beach, known for its community feel, accessibility, and proximity to local amenities.
Proximity to Highly-Rated Schools: The property benefits from being within close proximity to several well-rated elementary schools, including Lafayette Elementary (8/10) and Birney Elementary (6/10), appealing to families.
Spacious Total Square Footage: With 2,034 sqft across two units, the property offers a generous amount of living space, suggesting comfortable and potentially larger-than-average unit sizes for tenants.
Cons
Advanced Age of Property: Built in 1940, the property is 84 years old, indicating a high likelihood of requiring significant updates to major systems (plumbing, electrical, HVAC) and general renovations to meet modern standards and tenant expectations.
Lack of Desirable Views: The property explicitly states 'None' for views, which may be a drawback for buyers or tenants seeking scenic vistas and could impact its market appeal compared to properties with views.
Low Bedroom/Bathroom Density for Duplex: A total of 2 bedrooms and 2 bathrooms across 2,034 sqft for a duplex suggests either very large 1-bedroom units or a layout that may not maximize the number of bedrooms, potentially limiting rental income optimization compared to duplexes with more bedrooms.