
Long Beach, California 90807
This Spanish-style value-add asset in the prestigious Bixby Knolls neighborhood is listed at $1,000,000, positioned relative to a $898,065 Fair Market Value. Carrying a Poor Condition Rating, the property requires a comprehensive renovation to address mold, foundation issues, and unlevel floors. However, the 7,000 sq ft R2 zoned lot and 2,066 sq ft footprint provide a rare canvas for high-end redevelopment or multi-unit expansion in the Long Beach Unified district. This strictly "As-Is" opportunity is ideal for Fix-and-Flip Investors and Seasoned Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 354 E Carson Subject | $1,000,000* List Price | 4 | 2 | 2,066 | $433 | - |
A 1331 E Marshall Sold | $965,000 | 4 | 2 | 2,036 | $474 | 0.8 mi |
B 1048 E 45th Sold | $1,000,000 | 3 | 3 | 1,979 | $505 | 0.8 mi |
C 3901 Cherry Sold | $900,000 | 3 | 2 | 1,729 | $521 | 0.7 mi |
D 1098 E Ridgewood Street Sold | $915,000 | 3 | 2 | 1,655 | $553 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, this property exhibits major safety and structural defects including mold, foundation issues, and unlevel floors. The listing explicitly states it needs a full renovation and is currently unlivable with the water shut off, requiring a complete rehab.
The generous 7,000 sq ft lot is zoned R2, offering a rare opportunity for investors to maximize value through multi-unit development or significant expansion in a high-demand area.
Situated in the prestigious Bixby Knolls neighborhood, the property is surrounded by strong comparable sales, ensuring a high ceiling for resale value once renovated.
At 2,066 sq ft, this Spanish-style home provides an expansive single-level canvas with a versatile layout, ideal for creating a high-end luxury residence.
The presence of mold, unlevel floors, and potential foundation issues necessitates a complete 'down-to-the-studs' renovation and significant capital expenditure.
The requirement for an all-cash closing and a strictly 'As-Is' sale with no credits or repairs limits the buyer pool to seasoned investors and flippers.
CALLING ALL INVESTORS - 354 E Carson St, Long Beach, CA 90807 Incredible below market opportunity in Bixby Knolls for investors, flippers, or buyers looking for a major value add project. This 2,066 sq ft Spanish style single level home sits on a generous 7,000 sq ft R2 zoned lot and is priced for a fast, all cash closing. Property needs full renovation. Home has mold, water is currently shut off, floor is not level, and there are possible post and pillar foundation issues. Garage contains junk/debris. Interior and exterior require significant repairs. Property is being sold strictly AS IS with no repairs, credits, or concessions of any kind. Despite its condition, the home features a versatile layout with 4 bedrooms per assessor (currently configured as 5 bedrooms and 3 baths – buyer to verify), hardwood floors, a commercial grade HVAC system, private driveway, detached 2 car garage, and wrap around yard. Previously used as a rehabilitation home; no deaths on the property. Owner has never occupied the home. Perfect for a seasoned flipper or a buyer wanting to get into the neighborhood at a steep discount and remodel to their own vision. The lot offers additional potential for those who know how to maximize it. This is the definition of a flipper’s canvas — huge footprint, R2 zoning, strong neighborhood comps, and priced to reflect the work needed. Bring your crew, your vision, and your calculator.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,066 | 1,760.5 | 68% |
| Lot Size | 7,000 | 6,455.5 | 67% |
| Price | $1.00M | $1.09M | 39% |
| Price per sq ft | $484 | $663 | 13% |
| Built year | 1925 | 1942 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 141 | 7% |
May 3, 2026
$1,000,000
Initial Listing
Mar 30, 2001
$290,000
Public Record
Feb 25, 1999
$365,000
Public Record
Nov 5, 1998
$365,000
Public Record
Mar 3, 1998
$142,500
Public Record