2925 Knoxville, Long Beach, California 90815, Long Beach, 90815 - 4 bed, 2 bath
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Long Beach, California 90815
This Value-Add Residential Asset is a Strong Value Opportunity, listed at $967,000—positioned well below the $1,022,606 Fair Market Value by 5%. This valuation gap provides $55,606 in Instant Equity for buyers. While currently holding a Fair Condition Rating, the property offers immense upside through Significant ADU Potential via rear-alley access and a Converted Garage. Located in the premier Plaza Neighborhood near Emerson Elementary and El Dorado Park, it balances investment logic with high-demand lifestyle perks. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2925 Knoxville Subject | $967,000* List Price | 4 | 2 | 1,681 | $608 | - |
A 2834 Palo Verde Sold | $1,000,000 | 4 | 2 | 1,541 | $649 | 0.2 mi |
B 2725 Ladoga Avenue Sold | $1,161,000 | 4 | 2 | 1,686 | $689 | 0.3 mi |
C 2518 Vuelta Grande Sold | $975,000 | 3 | 2 | 1,869 | $522 | 0.5 mi |
D 6809 E El Progreso Street Sold | $1,160,000 | 4 | 2 | 1,824 | $636 | 0.9 mi |
E 6448 E Los Arcos Sold | $950,000 | 3 | 2 | 1,323 | $718 | 0.7 mi |
F 2345 Palo Verde Sold | $1,133,000 | 5 | 2 | 1,740 | $651 | 0.6 mi |
G 2703 Knoxville Pending | $950,000 List Price | 3 | 2 | 1,274 | $746 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this property is well-maintained but shows significant signs of aging and dated DIY-style renovations, such as the wood-paneled walls and older parquet flooring. The listing explicitly targets flippers and DIY enthusiasts, suggesting that while the home is functional, the kitchen, bathrooms, and major systems likely require modernization to meet current market standards.
Situated in the highly desirable Plaza neighborhood, the property offers exceptional walkability to El Dorado Park, top-rated schools like Emerson Elementary, and a variety of local dining and shopping hubs.
The property features rear alley access to the garage and an existing front garage conversion, providing a clear pathway for ADU or Junior ADU development to increase long-term value or rental income.
With 1,681 square feet including an enclosed patio and a flexible fourth bedroom, the layout is well-suited for a variety of uses such as a home office, media room, or expanded family living area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1951 and marketed toward flippers and DIY enthusiasts, the home likely requires significant cosmetic and potentially structural updates to meet contemporary aesthetic and functional standards.
The conversion of the original front garage into bedrooms may limit traditional covered parking options and could pose challenges for buyers seeking a standard garage configuration.
Fantastic Opportunity in the Highly Desirable Plaza Neighborhood! Perfect for a first-time buyer, flipper, investor, DIY enthusiast, or anyone seeking a charming home with generous space in an unbeatable location. This delightful 4 bedroom home offers a flexible layout to suit your lifestyle, featuring 2 bathrooms, a formal living room, and an enclosed patio that can serve as a family room, game room, or bonus living space. The 4th bedroom can easily function as a den, office, meditation space, or media room. Step outside to a massive patio area complete with an expansive pergola—perfect for entertaining or relaxing. Situated in the highly sought-after Plaza neighborhood, this home delivers exceptional walkability and convenience: • Zoned for Emerson Elementary • Near Millikan High School and Cubberley K–8 • Just blocks from El Dorado Park, including the Duck Pond, Nature Center, and Senior Center • Steps from shopping and dining options like Starbucks, Grocery Outlet, Straw Hat Pizza, The Eldo, Super Mex, Mc D's, Etc. Etc, Etc. The property also offers incredible upside potential: • Rear alley-access garage near Spring Street Shopping Center—ideal for a possible ADU conversion • Converted front garage currently used as two bedrooms, with possible potential for a Junior ADU conversion (as seen in nearby homes). Whether you're looking to move right in, renovate, or invest, this home offers versatility, location, and long-term value. Unmatched walkability. Endless potential. A rare find you don’t want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,681 | 1,541.5 | 60% |
| Lot Size | 4,944 | 6,249 | 1% |
| Price | $967.0K | $1.13M | 28% |
| Price per sq ft | $575 | $747 | 7% |
| Built year | 1951 | 1952 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 159 | 2% |
Mar 30, 2026
$967,000
Initial Listing
Aug 4, 2023
$80,000
Public Record
Jun 24, 2016
$565,000
Public Record