328 326 E 55th, Long Beach, California 90805, Long Beach, 90805 - 5 bed, 3 bath
ACTIVE$999,995
328 326 E 55th, Long Beach, California 90805
5Beds
3Baths
2,262Sqft
6,028Lot
Year Built
1923
Close
-
List price
$1,000K
Original List price
$1.1M
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
IG25162711
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1000.0K(58th), sqft - 2262(65th), beds - 5(84th), baths - 3(84th).
Price Reduction> Charming Duplex on 326-328 E, 55th St Long Beach Recently renovated Duplex features two Stand-alone Homes on a spacious lot. The front and back units have been thoughtfully updated. With low maintenance. All utilities separately metered, Zero Landscaping and Laminate Flooring making it a Hassle free property.both units are ideal for Investors.. Garage offering a potential ADU. Located in a desirable Long Beach neighborhood, this property combines convenience, simplicity to operate, and curb appeal. Pride of Ownership. Don't miss out on this rare opportunity Contact Agent Immediately this GEM won't last
Price History
Date
Event
Price
08/27/25
Price Change
$999,995-9.1%
07/19/25
$1,100,000
Condition Rating
Excellent
Despite being built in 1923, the property has been 'recently renovated' and 'thoughtfully updated' as per the description. The images confirm extensive interior renovations, including a modern bathroom with new vanity, mirror, light fixtures, toilet, and tiled shower. New laminate flooring, fresh paint, and modern recessed lighting are visible throughout the updated areas. While a wall heater is present instead of central HVAC, the overall quality of the recent renovations in key areas like the bathroom and flooring aligns with the 'Excellent' criteria for an extensively renovated property within the last 5 years, offering virtually new components in the updated spaces.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex featuring two stand-alone homes with separately metered utilities, making it an ideal, hassle-free investment for generating rental income.
Recent Renovations & Updates: Both units have been recently renovated and thoughtfully updated with laminate flooring, suggesting a move-in ready condition and reduced immediate maintenance for new owners.
ADU Potential: The existing garage offers clear potential for conversion into an Accessory Dwelling Unit (ADU), providing an opportunity to significantly increase rental income or expand living space.
Desirable Location: Located in a desirable Long Beach neighborhood, the property benefits from strong rental demand and potential for appreciation due to its convenient and appealing surroundings.
Improved Value Proposition: A recent price reduction from $1.1 million to $999,995 presents a more attractive entry point and potential value for prospective buyers.
Cons
Property Age: Built in 1923, despite recent renovations, the property's age may imply potential for underlying infrastructure issues (e.g., plumbing, electrical) that might not be fully addressed by cosmetic updates.
Vague Renovation Details: The description states 'recently renovated' and 'thoughtfully updated' but lacks specific details on the scope, quality, and permits of the renovations, which could lead to buyer uncertainty.
Limited Outdoor Space: The mention of 'Zero Landscaping' suggests minimal or no private outdoor green space, which might be a drawback for tenants or owner-occupants desiring a yard or garden.