2862 Albury Ave, Long Beach, California 90815, Long Beach, 90815 - 3 bed, 2 bath
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Long Beach, California 90815
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $915,000—positioned well below the $944,171 Fair Market Value by 3%. This valuation gap offers $29,171 in Instant Equity. Featuring a Condition Rating of 4, the home offers a functional floor plan and a spacious lot with a deck, perfect for value-add renovations. Located in a top-tier district with 10/10 rated schools, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2862 Albury Ave Subject | $915,000* List Price | 3 | 2 | 1,436 | $658 | - |
A 6151 E Wentworth Sold | $975,000 | 4 | 2 | 1,426 | $684 | 0.3 mi |
B 6110 E Walton Street Sold | $1,135,000 | 3 | 2 | 1,608 | $706 | 0.4 mi |
C 2703 Knoxville Sold | $925,000 | 3 | 2 | 1,274 | $726 | 0.7 mi |
D 6448 E Los Arcos Sold | $950,000 | 3 | 2 | 1,323 | $718 | 0.8 mi |
E 2843 Lomina Sold | $835,000 | 2 | 1 | 1,216 | $687 | 0.2 mi |
F 2631 Radnor Avenue Sold | $947,250 | 3 | 2 | 1,584 | $598 | 0.4 mi |
G 2660 Gondar Avenue Pending | $1,150,000 List Price | 3 | 2 | 1,730 | $665 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953 and held by the same family for 45 years, the home is 'lovingly maintained' and functional but significantly dated. The kitchen cabinetry, white appliances, popcorn ceilings, and wall heaters indicate that major systems and finishes are likely 30+ years old. While move-in ready, it requires comprehensive cosmetic updates and likely electrical/HVAC modernization to meet current standards.
Elementary School: Gant Elementary School (10/10). Middle School: Tincher Preparatory School (9/10).
The property is situated in a top-tier educational zone, with proximity to high-ranking schools such as Prisk Elementary (9/10) and Millikan High, making it highly attractive for families.
Held by the same family for 45 years, this home has been meticulously maintained, offering 'good bones' and a level of care rarely found in older residential listings.
The interior is in need of cosmetic updates and modern renovations to align with contemporary tastes, which will require additional post-purchase capital investment.
The property does not offer any significant views, which may be a drawback for buyers prioritizing a scenic or elevated landscape in the Los Altos area.
Welcome to this lovingly maintained 3 bedroom, 2 bath home located in one of the most desirable neighborhoods in Los Altos, Long Beach. Owned and cared for by the same family for the past 45 years, this home reflects true pride of ownership throughout. While it offers an opportunity for updating and personal touches, it has been well kept over the years. The functional floor plan offers comfortable living spaces, while the spacious backyard provides the perfect setting for entertaining, gardening, or simply relaxing outdoors. A rare opportunity to own a home with great bones, timeless charm, and endless potential in a highly sought-after location. Ready for its next chapter and new owners to make it their own.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,436 | 1,539 | 40% |
| Lot Size | 6,085 | 6,268 | 42% |
| Price | $915.0K | $1.15M | 13% |
| Price per sq ft | $637 | $765 | 19% |
| Built year | 1953 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 135 | 6% |
May 19, 2026
$915,000
Initial Listing