34 E 53rd, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath
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Long Beach, California 90805
This property presents a High-Potential Investment Opportunity with a List Price of $675,000—positioned slightly above the $650,199 Fair Market Value. While the property requires modernization, its 3-bedroom, 2-bathroom layout and 1,500 square feet provide a solid foundation for value-add renovations. Currently in Poor Condition with a 1980s-era kitchen, the asset benefits from an existing month-to-month tenant, ensuring immediate rental income. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on the Long Beach rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 34 E 53rd Subject | $675,000* List Price | 3 | 2 | 1,500 | $433 | - |
A 40 W Zane Street Sold | $790,000 | 4 | 2 | 1,584 | $499 | 0.2 mi |
B 447 E Adair Sold | $530,000 | 3 | 2 | 1,102 | $481 | 0.9 mi |
C 341 E Ellis Active | $735,000 List Price | 3 | 1 | 1,360 | $540 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1924 and the last major kitchen renovation was in the 1980s (over 40 years ago), meeting the 'Poor' criteria. The listing describes it as a 'gem in the rough' needing TLC, and the presence of window AC units suggests outdated or non-existent central HVAC systems.
The property features a month-to-month tenant willing to stay, offering immediate rental income and cash flow for investors looking for a turnkey transition.
With 1,500 square feet and a 3-bedroom, 2-bathroom configuration, this home provides a more spacious and functional layout than many typical 1920s bungalows in North Long Beach.
Positioned as a 'gem in the rough,' the property offers significant upside potential for buyers to build equity through modernization and cosmetic renovations.
Having served as a rental for 15 years, the home requires 'TLC' and likely has accumulated wear and tear that will necessitate immediate repair and attention.
The kitchen was last remodeled in the 1980s, meaning the interior aesthetics and appliances are over 40 years old and require a full renovation to meet modern standards.
Gem in the rough, kitchen remodeled in the 80's , has been a rental for the past 15 years so need a little tlc. Month to month tenant is willing to stay if you are looking for rental property. Shown by appointment only with tenant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,128 | 85% |
| Lot Size | 4,309 | 5,095 | 20% |
| Price | $675.0K | $715.0K | 33% |
| Price per sq ft | $450 | $651 | 4% |
| Built year | 1924 | 1942 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 137 | 3% |
May 29, 2026
$675,000
Initial Listing
May 13, 2009
$51,000
Public Record