
Long Beach, California 90808
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned above the $931,301 Fair Market Value. While the price reflects the premium land value, the massive 10,651 sq. ft. corner lot offers significant upside for an SB9 lot split or ADU development. Featuring a Condition Rating of 5, the home requires a total interior renovation to reach modern standards. Located in the desirable Lakewood Village near top-rated schools, this is a strategic acquisition for Real Estate Developers or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4455 Tulane Subject | $995,000* List Price | 3 | 2 | 1,405 | $663 | - |
A 4850 Sunfield Avenue Sold | $950,000 | 3 | 2 | 1,430 | $664 | 0.6 mi |
B 4826 Pepperwood Sold | $985,000 | 4 | 2 | 1,688 | $584 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1943 and described as being in 'original condition,' the property is over 80 years old with outdated kitchen and bath fixtures. Although it features new HVAC, carpet, and paint, the listing's focus on development, SB9 lot splitting, and land value indicates the structure requires a total rehab to meet modern standards.
The massive 10,651 sq. ft. corner lot provides a rare opportunity for an SB9 lot split, multi-unit development, or a custom expansion with an ADU.
Situated in a highly desirable neighborhood, the property is minutes away from the upcoming Lakewood Mall Mixed Use Redevelopment Project, promising future appreciation.
While maintaining its original character, the home features critical recent improvements including a new HVAC system, fresh paint, and new carpeting.
The home is largely in its original 1943 state, which will likely require significant additional investment for a full modern interior renovation.
The property does not offer any significant views, which may be a drawback for buyers prioritizing aesthetic surroundings or elevated vistas.
Incredible opportunity for developers, investors, or home-owners looking for a large yard. Situated on a 10,651 sq. ft. corner lot in desirable Lakewood Village, this 3-bedroom, 2-bathroom, 1,405 sq. ft. single-story home presents an exceptional canvas for development. Offered in original condition, the expansive parcel makes it an ideal candidate for an SB9 lot split, multi-unit development, or a custom expansion project with an ADU. Includes a detached 2-car garage and plenty of space for RV/boat parking. Located minutes from the new Lakewood Mall Mixed Use Redevelopment Project. Properties with this size and versatility rarely hit the market. New carpet, paint and HVAC. Washer & Dryer hook-ups inside house.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,405 | 1,519.995 |
| Lot Size | 10,653 | 5,807.524 |
| Price | $995.0K | $1.03M |
| Price per sq ft | $708 | $728 |
| Built year | 1943 | 1948 |
| HOA | $0 | $259 |
| Days on market | 32 | 48 |
Aug 8, 2026
$995,000
Initial Listing
Jan 14, 2022
$900,000
Public Record
Jul 16, 2008
$510,000
Public Record