416 E 57th, Long Beach, California 90805, Long Beach, 90805 - 2 bed, 1 bath
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Long Beach, California 90805
This ADU-Ready Investment Asset is listed at $791,000, carrying a strategic premium over the $727,421 Fair Market Value due to its shovel-ready development status. The property includes approved plans for a 1,200 sqft, two-story secondary unit with 3 bedrooms and a 2-car garage, offering a distinct path to forced appreciation and increased rental yield. Currently maintaining a Good Condition Rating, the tenant-occupied residence features a functional layout and a private patio within the Long Beach Unified district. This project is a prime acquisition for Buy-and-Hold Investors or Value-Add Developers looking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 E 57th Subject | $791,000* List Price | 2 | 1 | 879 | $823 | - |
A 471 E Platt Street Sold | $650,000 | 2 | 1 | 958 | $678 | 0.5 mi |
B 273 E Norton Street Sold | $710,000 | 2 | 1 | 816 | $870 | 0.2 mi |
C 305 E 52nd Sold | $655,000 | 2 | 1 | 840 | $780 | 0.6 mi |
D 265 E Norton Street Sold | $720,000 | 2 | 1 | 886 | $813 | 0.2 mi |
E 5531 California Sold | $735,000 | 2 | 2 | 1,126 | $653 | 0.7 mi |
F 5210 Pacific Ave Sold | $660,000 | 2 | 1 | 762 | $866 | 0.8 mi |
G 226 E 53rd Street Pending | $669,000 List Price | 2 | 1 | 864 | $774 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1946, has undergone some updates, particularly in the kitchen and living areas, which feature modern appliances, new cabinetry, and updated flooring. The lighting fixtures appear to be contemporary. While the overall structure is older, the visible interior elements suggest it is move-in ready. The presence of ADU plans indicates potential for future development. However, the age of the property and the lack of comprehensive interior photos for the bathroom prevent an 'excellent' rating. The systems (cooling/heating, electrical) are not explicitly detailed, but the overall presentation leans towards 'good' condition.
The property is ADU ready with approved plans for a 1200 sqft, 2-story, 3-bedroom, 2-bathroom unit with a 2-car garage, offering significant expansion and income potential.
Marketed as a project for investors, this property presents a clear opportunity for value-add through renovation and ADU development.
Situated in the heart of North Long Beach, a sought-after area with convenient access to amenities and transportation.
The property was recently sold within the past year on 2025-02-14. The sold price is $735,000.00.
The property is currently tenant-occupied, which may require careful coordination for showings and potential future vacancy.
Built in 1946, the property may require updates or renovations to meet modern standards and buyer expectations.
More pictures coming soon!!! Welcome to this charming two-bedroom, one-bathroom home located in the heart of North Long Beach. This inviting home offers a bright and functional layout with a cozy living area filled with natural light, a practical kitchen, laundry hook-ups, and a seamless flow that makes the private yard perfect for relaxing and entertaining guests. Investors, here is a project ready for you. The property is ADU READY! Plans consist of a 2-story, 1200 sqft home featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. Tenant occupied. Please do not disturb.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 49% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 879 | 1,121 | 18% |
| Lot Size | 4,618 | 5,150 | 29% |
| Price | $791.0K | $715.0K | 80% |
| Price per sq ft | $900 | $650 | 96% |
| Built year | 1946 | 1942 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 170 | 20% |
Feb 10, 2026
$791,000
$789,000
+0% Price Increase
Initial Listing
Jan 29, 2026
$789,000
Initial Listing
Feb 14, 2025
$735,000
Public Record
Nov 1, 2024
$540,000
Public Record
Aug 31, 1993
$125,000
Public Record