402 E 16th Street, Long Beach, California 90813, Long Beach, 90813 - 3 bed, 2 bath
402 E 16th Street
Long Beach, California 90813
Property Price
SUMMARY
Analysis of 402 E 16th Street, Long Beach, California 90813 is currently available with a list price of $700,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
This property, built in 1913, is over a century old and explicitly listed as 'Sold 'As is' condition' and 'Needs a little TLC.' While the exterior appears structurally sound from the provided image, the age strongly indicates that major systems (electrical, plumbing, HVAC, roof, foundation) are likely original or very outdated, requiring substantial repairs and rehabilitation to meet modern safety and comfort standards. Without any evidence of recent renovations, the kitchen and bathrooms are almost certainly in very poor, outdated condition, necessitating complete overhauls. The 'little TLC' for a property of this vintage typically translates to significant capital investment for modernization and deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Duplex
The property is a duplex featuring two 2-bedroom, 1-bath units, offering immediate rental income potential for investors.
- Prime Urban Location
Situated in the desirable Downtown Long Beach area, providing access to urban amenities, potential for appreciation, and strong rental demand.
- Separate Utility Meters
Each unit has separate electric and gas meters, reducing landlord operating expenses and increasing net income.
CONSRISKS & DEFICIENCIES
- As-Is Condition & Renovation Needs
The property is sold 'As is' and 'needs a little TLC,' requiring immediate capital investment for repairs and upgrades.
- Single Water Meter
Only one water meter for both units means the landlord is responsible for the entire water bill, impacting profitability.
- Age of Property
Built in 1913, the property is over a century old, potentially indicating outdated systems, deferred maintenance, and higher renovation costs to modernize.
About 402 E 16th Street
- This duplex has two 2 bedrooms & 1 bath each unit - Sold “As is” condition - Needs a little TLC but is priced accordingly - Separate electric: 2 - Gas meters: 2 - Water meters: 1
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1913
- Lot Size
- 2,585 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | - | 93% |
| Baths | 2.0 | - | 93% |
| Square foot | 1,485 | 2,366 | 33% |
| Lot Size | 2,585 | 4,904 | 20% |
| Price | $700.0K | $985.0K | 20% |
| Price per sq ft | $471 | $374 | 73% |
| Built year | 1913 | 1922 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 697 | 149 | 0% |
Pricing History
Listed for Sale
Apr 8, 2024
$700,000
Initial Listing
Sold
Jun 15, 2009
$297,500
Public Record
Sold
Apr 20, 2009
$195,000
Public Record
Sold
Dec 14, 1999
$151,000
Public Record