412 E 16th Street, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$1,900,000
412 E 16th Street, Long Beach, California 90813
0Bed
0Bath
4,452Sqft
4,593Lot
Year Built
1923
Close
-
List price
$1.9M
Original List price
$1.2M
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
SB24069735
Home ConditionFair
Features
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.90M(94th), sqft - 4452(94th), beds - undefined(6th), baths - undefined(6th).
- 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.
Price History
Date
Event
Price
11/18/25
Price Change
$1,900,000
04/08/24
Listing
$1,200,000
02/16/24
Sold
$5,987,500
12/29/06
Sold
$742,000
03/16/05
Sold
$637,000
10/03/03
Sold
$535,000
09/13/02
Sold
$298,000
10/04/01
Sold
$177,000
12/09/99
Sold
$190,000
Condition Rating
Fair
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improvements, the overall age of the building and the limited scope of renovations mean major systems are likely outdated, preventing it from being classified as 'Good.'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.
Pros & Cons
Pros
Multi-Unit Income Potential: The property comprises four 1-bedroom, 1-bathroom units, presenting a strong opportunity for rental income generation.
Non-Rent Controlled Area: Located in a non-rent controlled zone, offering investors greater flexibility in setting and adjusting rental rates.
Recent Unit Upgrades: Most 1-bedroom units have been updated with new kitchen cabinets, flooring, windows, and fresh paint, reducing immediate renovation needs.
Individual Utility Metering: Each unit features individual gas and electric meters, simplifying tenant billing and minimizing landlord utility expenses.
Prime Location & Transit Access: Situated in Downtown Long Beach, with close proximity to Blue Line transportation and schools, enhancing tenant desirability and occupancy.
Cons
Low Available Lot Utilization: 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.
Sold 'As-Is' Condition: The property is explicitly sold 'as-is,' implying potential for deferred maintenance or undisclosed issues requiring buyer investment.
Historic Property Age: Built in 1923, the property's age may lead to higher maintenance costs, outdated infrastructure, and potential for unforeseen repairs.
Property Type Discrepancy: Listed as a 'Single Family Residence' despite being described as a four-unit building, which could complicate financing or require reclassification.