2824 Candlewood, Lakewood, California 90712, Lakewood, 90712 - 4 bed, 2 bath
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2824 Candlewood
Lakewood, California 90712
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,814Sq Ft
5,001Lot Size
Property Price
LIST PRICE$775,000
EST. MARKET VALUE
$754,179
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $775,000—positioned well below the $754,179 Fair Market Value by -2%. Featuring a 1,814 sqft floor plan with 4 bedrooms and a den, the home is in Fair Condition (Rating: 5), requiring significant TLC to unlock its full value. While the local school ratings vary, the home's substantial square footage offers a versatile layout for value-add renovations. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to build equity through strategic improvements.
Estimated Market Value
$754,179
Based on Realkey algorithm analyzing recent comparable sales in Lakewood.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2824 Candlewood Subject | $775,000* List Price | 4 | 2 | 1,814 | $416 | - |
A 2803 Frankel Sold | $980,000 | 4 | 2 | 2,143 | $457 | 0.9 mi |
B 2020 Del Bay Sold | $800,000 | 3 | 2 | 1,729 | $463 | 0.5 mi |
C 5209 Coke Active | $950,000 List Price | 4 | 2 | 1,789 | $531 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1952 (72 years old) with no evidence of recent renovations. The listing explicitly states the home 'needs TLC,' and photos show dated interiors, popcorn ceilings, and neglected exterior landscaping, indicating a need for a full rehab of systems and cosmetic finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Substantial Living Space
With 1,814 square feet and four bedrooms, this property offers significantly more interior volume than the standard Lakewood tract home, making it an ideal fit for large or multi-generational families.
- Versatile Floor Plan
The inclusion of a large master bedroom and a dedicated den provides a functional and flexible layout that caters to both private relaxation and social entertaining needs.
- Equity Growth Potential
Positioned as a 'TLC' opportunity, this home allows buyers to enter the market at a competitive price point and build immediate sweat equity through personalized renovations.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted to be in need of repairs and updates, which will require the buyer to have additional liquid capital available immediately after closing for improvements.
- Underperforming Local Schools
The assigned elementary school has a lower rating of 3, which may be a deterrent for families specifically seeking high-performing educational boundaries within the Long Beach Unified School District.
About 2824 Candlewood
BEST OPPORTUNITY IN TOWN! The perfect place if your looking to start a new family and not worry about out growing a home. Or for a large family just looking for extra space. This 4 bedroom 2 bathroom comes with a large master bedroom and a den for entertaining. Home is in need of some TLC. Don't let this one pass you by book your private showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 5,001 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lakewood Unified Schools
Captain Raymond Collins School
Grades K-5 • 1.1 mi
3/10
Twain Elementary School
Grades K-5 • 1.6 mi
7/10
Hoover Middle School
Grades 6-8 • 1.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,814 | 1,350.518 |
| Lot Size | 5,001 | 5,208.598 |
| Price | $775.0K | $904.0K |
| Price per sq ft | $427 | $669 |
| Built year | 1952 | 1952 |
| HOA | $0 | $404 |
| Days on market | 27 | 44 |
Pricing History
Listed for Sale
Aug 13, 2026
$775,000
Initial Listing
Sold
Mar 5, 2003
$345,000
Public Record
Sold
Jun 6, 1997
$32,000
Public Record