312 E Peace Street, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath
ACTIVE$845,000
312 E Peace Street, Long Beach, California 90805
3Beds
2Baths
1,445Sqft
3,995Lot
Price Vs. Estimate
The estimated value mostly matches the list price at $845,000.
Key pros and cons
Top Pros:
Income-Generating ADU: Features a permitted, detached ADU currently rented at $1500/month, offering immediate rental income or flexible multi-generational living options.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1445, other record living area = 1045.
Compared to the nearby listings
Price:$845.0K vs avg $749.5K (+$95,550)88%
Size:1,445 sqft vs avg 1,146.5 sqft80%
Price/sqft:$585 vs avg $63241%
More Insights
Built in 1948 (77 years old).
Condition: Despite being built in 1948, this property has undergone extensive recent renovations, bringing its key components to an excellent, virtually new condition. The listing explicitly states 'kitchen and bathrooms recently updated,' 'new ductless heating and cooling,' and 'waterproof vinyl flooring.' The images confirm modern white shaker-style cabinets, dark speckled countertops, subway tile backsplashes, stainless steel appliances, contemporary vanities, and new vinyl plank flooring throughout the main living areas and ADU. The ADU is also 'recently upgraded.' These updates align with the 'extensively renovated within 5 years' criteria, ensuring all visible and major functional components meet current quality standards with minimal physical depreciation.
Year Built
1948
Close
-
List price
$845K
Original List price
$845K
Price/Sqft
$585
HOA
-
Days on market
-
Sold On
-
MLS number
25618319
Home ConditionExcellent
Features
View-
About this home
Long Beach move-in-ready home, offers a rare combination of space, comfort, and a great layout perfect for families, multi generational living, buyers looking for extra room and privacy, or looking to offset their mortgage. Featuring a front house and a permitted detached ADU. The house includes 2 spacious bedrooms, with a versatile flex space ideal for an office or nursery, 2 bathrooms. Kitchen and bathrooms recently updated, new ductless heating and cooling, waterproof vinyl flooring. The home has a long driveway with a large two car garage, fully fenced small private yard. The recently upgraded ADU has its own entrance for privacy and convenience which makes it ideal for rental income. Located minutes from Downtown Long Beach, Bixby Kolls, local parks, shopping, dinning and major freeways. Just a short drive to the beach! ADU is currently rented at $1500 a month. Buyers have the option of keeping the tenant for extra income or have it delivered vacant at COE
Price History
Date
Event
Price
03/01/23
Sold
$700,000
08/31/21
Sold
$500,000
09/21/05
Sold
$440,000
06/09/05
Sold
$377,500
01/23/03
Sold
$199,000
Condition Rating
Excellent
Despite being built in 1948, this property has undergone extensive recent renovations, bringing its key components to an excellent, virtually new condition. The listing explicitly states 'kitchen and bathrooms recently updated,' 'new ductless heating and cooling,' and 'waterproof vinyl flooring.' The images confirm modern white shaker-style cabinets, dark speckled countertops, subway tile backsplashes, stainless steel appliances, contemporary vanities, and new vinyl plank flooring throughout the main living areas and ADU. The ADU is also 'recently upgraded.' These updates align with the 'extensively renovated within 5 years' criteria, ensuring all visible and major functional components meet current quality standards with minimal physical depreciation.
Pros & Cons
Pros
Income-Generating ADU: Features a permitted, detached ADU currently rented at $1500/month, offering immediate rental income or flexible multi-generational living options.
Recent Updates & Move-in Ready: The main house boasts recently updated kitchen and bathrooms, new ductless heating and cooling, and waterproof vinyl flooring, ensuring a move-in-ready experience.
Desirable Long Beach Location: Strategically located minutes from Downtown Long Beach, Bixby Knolls, local amenities, major freeways, and a short drive to the beach, enhancing lifestyle and potential appreciation.
Versatile Living Space: The main house includes 2 spacious bedrooms plus a versatile flex space, ideal for an office, nursery, or additional living area, catering to diverse buyer needs.
Ample Parking & Private Yard: A long driveway, large two-car garage, and a fully fenced small private yard provide practical parking solutions and a secluded outdoor retreat.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1445, other record living area = 1045.
Age of Main Structure: Built in 1948, the underlying structure's age, despite recent updates, may present potential for unforeseen maintenance or system issues not covered by cosmetic renovations.
Limited Outdoor Space: The property features a 'small private yard' on a 3995 sqft lot, which may be restrictive for buyers desiring extensive outdoor living, gardening, or recreational areas, especially with two structures.
Tenant Transition Complexity: While the ADU provides income, the option to keep or vacate the current tenant at COE could introduce complexities or potential delays in the closing process for the buyer.