312 E Peace Street, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath
312 E Peace Street
Long Beach, California 90805
Property Price
SUMMARY
Analysis of 312 E Peace Street, Long Beach, California 90805 reveals a Fairly Priced Property with a current list price of $799,999 aligned with the estimated $799,999 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 E Peace Street Subject | $799,999* List Price | 3 | 2 | 1,445 | $554 | - |
A 60 E Platt Street Sold | $687,000 | 3 | 1 | 988 | $695 | 0.5 mi |
B 352 E 49th Active Under Contract | $695,000 List Price | 3 | 2 | 1,420 | $489 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone extensive recent renovations within the last 5 years, meeting the criteria for excellent condition despite its 1948 original build date. Key updates include a fully modernized kitchen and bathrooms, new waterproof vinyl flooring throughout, and the installation of a new ductless heating and cooling system. The detached ADU has also been recently upgraded, and the overall presentation is move-in ready with modern fixtures and no apparent deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property features a permitted 505 sqft detached ADU with its own private entrance, providing an excellent opportunity for rental income to offset mortgage costs or for multi-generational living.
- Modernized Interior
The home is move-in ready with recent updates including a renovated kitchen and bathrooms, new waterproof vinyl flooring, and a modern ductless heating and cooling system.
- Favorable Financing
This property qualifies for the Community Advantage Program, offering significant buyer benefits such as no PMI, a low 3% down payment, and an interest rate 1.5% lower than standard market options.
CONSRISKS & DEFICIENCIES
- 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.
- Limited Outdoor Space
With a lot size of approximately 3,995 sqft and a 'small private yard,' the property offers minimal outdoor area for gardening or large-scale entertaining.
- Vintage Construction
Originally built in 1948, the property may have underlying infrastructure or structural characteristics typical of mid-century homes that require more maintenance than a newer build.
About 312 E Peace Street
Price Improvement!!! 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 a 505 sqft studio unit. Property will be delivered vacant at COE ***"This property qualifies for The Community Advantage Program, offering No PMI with 3% down, and a rate 11.5% lower than standard options."***
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 3,995 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 1,445 | 1,127.5 | 82% |
| Lot Size | 3,995 | 5,394.5 | 5% |
| Price | $800.0K | $720.0K | 79% |
| Price per sq ft | $554 | $646 | 29% |
| Built year | 1948 | 1944 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 164 | 17% |
Pricing History
Listed for Sale
Feb 18, 2026
$799,999
$820,000
-2% Price Drop
Initial Listing
Price Change
Feb 5, 2026
$820,000
$845,000
-3% Price Drop
Initial Listing
Price Change
Nov 19, 2025
$845,000
Initial Listing
Sold
Mar 1, 2023
$700,000
Public Record
Sold
Aug 31, 2021
$500,000
Public Record
Sold
Sep 21, 2005
$440,000
Public Record
Sold
Jun 9, 2005
$377,500
Public Record
Sold
Jan 23, 2003
$199,000
Public Record