412 E 16th Street, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
Analysis of 412 E 16th Street, Long Beach, California 90813 is currently available with a list price of $1,900,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1923, this property has undergone recent cosmetic updates in 'most 1-bedroom units,' including new kitchen cabinets, flooring, windows, and fresh paint. However, the images reveal older appliances, dated light fixtures, and bathrooms that, while clean, show signs of age with older tiling and basic fixtures. The property is sold 'as-is,' suggesting potential underlying issues beyond the cosmetic updates. While livable due to recent surface improvements, the overall age of the building and the limited scope of renovations mean major systems are likely outdated, preventing it from being classified as 'Good.' It requires minor updates and repairs to meet modern standards, aligning with a 'Fair' condition.
The property comprises four 1-bedroom, 1-bathroom units, presenting a strong opportunity for rental income generation.
Located in a non-rent controlled zone, offering investors greater flexibility in setting and adjusting rental rates.
Most 1-bedroom units have been updated with new kitchen cabinets, flooring, windows, and fresh paint, reducing immediate renovation needs.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4593, living area = 4452.
The property is explicitly sold 'as-is,' implying potential for deferred maintenance or undisclosed issues requiring buyer investment.
Built in 1923, the property's age may lead to higher maintenance costs, outdated infrastructure, and potential for unforeseen repairs.
- 4 Beds & 7 Baths - 4,452 SF - Four large 1 bedroom & 1 bathroom (Front Building) - individual gas & electric meters - Building in none rent controlled area - Close to Blue Line transportation, school - Most 1 bedroom units have new kitchen cabinets, floor & windows and inside paint - 1 bedroom units have laundry hook-ups THE PROPERTY IS SOLD AS-IS CONDITION.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 6% |
| Baths | 0.0 | 1.0 | 6% |
| Square foot | 4,452 | 1,027 | 94% |
| Lot Size | 4,593 | 4,004 | 67% |
| Price | $1.90M | $602.5K | 94% |
| Price per sq ft | $427 | $680 | 11% |
| Built year | 1923 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 744 | 170 | 0% |
Nov 18, 2025
$1,900,000
Initial Listing
Apr 8, 2024
$1,200,000
Initial Listing
Feb 16, 2024
$5,987,500
Public Record
Dec 29, 2006
$742,000
Public Record
Mar 16, 2005
$637,000
Public Record
Oct 3, 2003
$535,000
Public Record
Sep 13, 2002
$298,000
Public Record
Oct 4, 2001
$177,000
Public Record
Dec 9, 1999
$190,000
Public Record