345 E 53rd, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 1 bath
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345 E 53rd
Long Beach, California 90805
ACTIVE
CONDITION: FAIR
2Beds
1Baths
680Sq Ft
3,116Lot Size
Property Price
LIST PRICE$589,900
EST. MARKET VALUE
$555,733
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $589,900—positioned slightly above the $583,001 Fair Market Value. While the home carries a Condition Rating of 4, its 1923 vintage and compact 680 sqft footprint necessitate modernization of core systems. The 3,116 sqft lot offers significant upside for footprint expansion or ADU development within the Long Beach Unified School District. This asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers focused on long-term value-add potential through renovation.
Estimated Market Value
$555,733
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 345 E 53rd Subject | $589,900* List Price | 2 | 1 | 680 | $817 | - |
A 243 E Norton Street Sold | $515,000 | 1 | 1 | 540 | $954 | 0.4 mi |
B 80 St W Arbor Sold | $637,777 | 2 | 1 | 874 | $730 | 0.7 mi |
C 27 W Pleasant Sold | $625,000 | 2 | 2 | 854 | $732 | 0.6 mi |
D 233 E Louise Street Active | $609,000 List Price | 2 | 2 | 672 | $906 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1923, making it over 100 years old. While the 2022 sale price suggests the home is functional and move-in ready, the extreme age and lack of recent renovation details in the listing indicate that the kitchen, bathroom, and core systems (HVAC/Electrical) are likely dated and will require modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Priced under $600,000, this property represents a rare and accessible entry point into the Southern California single-family housing market, making it highly attractive for first-time buyers or budget-conscious investors.
- Expansion and ADU Potential
The 3,116 square foot lot provides ample outdoor space and the potential for future footprint expansion or the addition of an Accessory Dwelling Unit (ADU) to increase property value.
- Established Residential Location
Located in the North Long Beach community within the reputable Long Beach Unified School District, the property offers a stable residential setting with convenient access to local amenities.
CONSRISKS & DEFICIENCIES
- Minimal Living Square Footage
With only 680 square feet of living space for a two-bedroom home, the interior layout is exceptionally compact and may not meet the needs of buyers seeking modern, spacious environments.
- Century-Old Infrastructure
Built in 1923, the property's age suggests a high likelihood of needing significant updates to core systems such as plumbing, electrical, and foundation to meet current building standards.
About 345 E 53rd
This lovely 3 bedroom 1 bathroom home is available and ready for your buyers. Large lot, Possible ADU if you hava a creative mind. The owners are relocating to another state, and are really anxious to sell this wonderful home. Please submit your highest and best offers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 3,116 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 680 | 1,519.995 |
| Lot Size | 3,116 | 5,807.524 |
| Price | $589.9K | $1.03M |
| Price per sq ft | $868 | $728 |
| Built year | 1923 | 1948 |
| HOA | $0 | $259 |
| Days on market | 36 | 48 |
Pricing History
Listed for Sale
Aug 4, 2026
$589,900
Initial Listing
Sold
Mar 11, 2022
$590,000
Public Record