270 E Heath Lane, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 2 bath
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Long Beach, California 90805
This Value-Add Residential Property is listed at $675,000, offering a strategic entry into the North Long Beach market. While priced above the $618,017 Fair Market Value, the property’s long-term upside is driven by its Significant ADU Potential on a 4,723 sqft lot with dual street frontage. The 1939-built home maintains a Condition Rating of 4, featuring a versatile bonus room and a wood-burning fireplace. Situated in the Long Beach Unified district, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a "house-hack" opportunity with expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 270 E Heath Lane Subject | $675,000* List Price | 2 | 2 | 925 | $668 | - |
A 310 E Forhan St Sold | $675,000 | 2 | 2 | 1,039 | $650 | 0.4 mi |
B 163 E Scott Sold | $685,000 | 2 | 1 | 1,208 | $567 | 0.5 mi |
C 274 E 65th Active Under Contract | $675,000 List Price | 3 | 1 | 1,098 | $615 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this home is aged but appears to have been maintained with occasional updates rather than a comprehensive renovation. The kitchen features newer stainless steel appliances but is paired with dated cabinets, countertops, and flooring. The bathroom has some updated shower tiling but an older vanity and flooring. Throughout the home, flooring (including worn carpet and dated dark tile/linoleum) and fixtures show signs of age and wear, indicating a need for minor updates and modernization to meet current standards.
The property boasts a very large backyard (4723 sqft) with explicit mention of room for an additional dwelling unit, offering substantial value-add and potential for rental income or expanded living space.
A dedicated bonus room with a half bath provides flexible space that can be utilized as a home office, guest quarters, or an additional living area, enhancing the home's functionality.
The listing price of $675,000 is slightly below the estimated market value of $681,099.92, indicating a potentially attractive investment opportunity at a reasonable price point.
Built in 1939, the property likely features original or older systems (electrical, plumbing, HVAC) that may require significant investment for modernization, efficiency, and compliance with current standards.
With only 925 sqft of interior living space for a 2-bedroom home, the property is relatively small, which could be a limiting factor for buyers seeking more spacious accommodations or larger families.
The property explicitly states 'view: None,' indicating a lack of desirable scenic outlooks that could otherwise enhance its market appeal and overall value.
This home has two bedrooms, one and one half baths. The main house has two bedrooms, one bath, a huge living room with wood burning fireplace, dining room and a large kitchen, as well as a laundry room. There is a bonus room in the back part of the house with a half bath. The back yard is very big and has room for an additional unit or to park multiple vehicles. The property faces Heath Lane, but extends all the way back to 67th Way. This home is completely fenced. Great property at a reasonable price.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 49% |
| Baths | 2.0 | 1.0 | 52% |
| Square foot | 925 | 1,121 | 22% |
| Lot Size | 4,723 | 5,150 | 30% |
| Price | $675.0K | $715.0K | 32% |
| Price per sq ft | $730 | $650 | 72% |
| Built year | 1939 | 1942 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 195 | 172 | 69% |
Oct 9, 2025
$675,000
Initial Listing
Jan 13, 2005
$320,000
Public Record
Dec 18, 2002
$190,000
Public Record