325 E 59th, Long Beach, California 90805, Long Beach, 90805 - bed, bath

325 E 59th, Long Beach, California 90805 home-pic-0
ACTIVE$749,000
325 E 59th, Long Beach, California 90805
0Bed
0Bath
1,340Sqft
5,868Lot
Year Built
1926
Close
-
List price
$749K
Original List price
$800K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
DW25093487
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $749.0K(23th), sqft - 1340(23th), beds - undefined(50th), baths - undefined(50th).

This versatile duplex in the heart of Long Beach offers an excellent opportunity for investors. Each unit features 2 spacious bedrooms and 1 full bathroom, along with individual 1-car garages, they each have private washer/dryer hookups, providing privacy and independence for each household. Recent upgrades include updated plumbing within the last 5 years and a brand-new water heater installed in April 2025 for the rear unit. The property also offers easy alley access, adding convenience for parking for the rear tenant. As well as a two car driveway. Located in a desirable and growing neighborhood, this property is ideal for generating reliable rental income from both units. Don’t miss your chance to own this well-kept, income-producing property in Long Beach!

Price History

Date
Event
Price
04/17/20
Sold
$650,000
05/01/19
Sold
$545,000
07/30/18
Sold
$400,000
Condition Rating
Fair

The property was built in 1926. The listing mentions updated plumbing within the last 5 years and a new water heater installed in April 2025. The kitchen has stainless steel appliances and updated cabinets, but the flooring and countertops appear dated. The bathrooms appear to need updating. The property appears to be maintained but is aged and requires some updates.
Pros & Cons

Pros

Income Potential: Duplex property offers immediate income generation from two separate units.
Individual Garages: Each unit includes a private 1-car garage, a desirable feature for tenants.
Private Laundry Hookups: Each unit has its own washer/dryer hookups, enhancing tenant privacy and convenience.
Recent Plumbing Updates: Updated plumbing within the last 5 years reduces the risk of costly repairs.
New Water Heater: The rear unit has a brand-new water heater installed in April 2025, minimizing immediate maintenance concerns.

Cons

Year Built: Built in 1926, the property may require ongoing maintenance and potential upgrades due to its age.
Potential for Deferred Maintenance: Older properties can sometimes have hidden issues that require attention.
Original List Price Reduction: The property has experienced a price reduction, which may indicate market resistance or perceived issues.

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