430 E Esther Street, Long Beach, California 90813, Long Beach, 90813 - bed, bath

430 E Esther Street, Long Beach, California 90813 home-pic-0
ACTIVE$1,399,900
430 E Esther Street, Long Beach, California 90813
0Bed
0Bath
3,200Sqft
6,754Lot
Year Built
1912
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$437
HOA
-
Days on market
-
Sold On
-
MLS number
PW25008374
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(50th), sqft - 3200(20th), beds - undefined(50th), baths - undefined(50th).

GREAT INVESTMENT OPPORTUNITY IN THE HEART OF LONG BEACH, CLOSE TO TRANSPORTATION, DOWNTOWN LONG BEACH. FRONT HOUSE HAS 3 BEDROOMS 2 BATHROOMS, SEPARATE BUILDING CONSISTING OF 4 UNITS EACH WITH 1 BEDROOM 1 BATH. THERE ARE 3 CAR GARAGES AND PLENTY OF PARKING INSIDE THE PREMISES.

Price History

Date
Event
Price
02/22/16
Sold
$500,000
05/14/02
Sold
$45,000
Condition Rating
Poor

Built in 1912, this property is over a century old with no indication of recent major renovations. The exterior images show significant wear, faded paint, and dated materials on both the front house and the multi-unit building. The absence of interior photos, especially for kitchens and bathrooms, strongly suggests these areas are in very poor, outdated condition, likely requiring complete overhauls of appliances, fixtures, flooring, and potentially major system upgrades (plumbing, electrical) to meet modern standards or even basic habitability. The property requires substantial repairs and rehabilitation.
Pros & Cons

Pros

High Income Potential: A multi-unit property featuring a 3-bedroom, 2-bathroom front house and a separate building with four 1-bedroom, 1-bathroom units, offering substantial rental income opportunities.
Strategic Urban Location: Situated in the heart of Long Beach, providing excellent access to transportation and downtown amenities, highly desirable for tenants.
Ample Parking Facilities: Includes three car garages and additional on-premise parking, a significant advantage in a dense urban environment.
Versatile Investment: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY,' appealing to investors looking for multi-family assets with diverse unit configurations.
Generous Lot Size: A 6,754 sqft lot accommodates the multiple structures and parking, providing space and potential for future development or outdoor amenities.

Cons

Historic Property Age: Built in 1912, the property is over a century old, likely requiring substantial capital expenditure for deferred maintenance, system upgrades (plumbing, electrical), and modernization to meet current standards.
Lack of Renovation/Condition Details: The description lacks information on the current condition of the individual units or any recent renovations, creating uncertainty for potential investors regarding immediate habitability and required capital improvements.
Significant Price Appreciation/Justification: The current list price of $1.399M represents a substantial increase from the last sale of $500K in 2016, without explicit mention of major improvements, which may require thorough justification to potential buyers.

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