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4703 N Bellflower Boulevard, Long Beach, California 90808, Long Beach, 90808 - 2 bed, 1 bath

4703 N Bellflower Boulevard, Long Beach, California 90808 home-pic-0
ACTIVE$885,000$1,092/sqft
Est. Value: $832,325
-5%
AboveEstimate
4703 N Bellflower Boulevard, Long Beach, California 90808
2Beds
1Bath
1,092Sqft
7,681Lot

Price Vs. Estimate

The estimated value ($832,324.675) is $52,675.325 (5%) lower than the list price ($885,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential: Significant opportunity for investors, builders, or homeowners to remodel, expand, or add multiple units, supported by a spacious corner lot.
Top Cons:
Requires Significant Investment: The property is explicitly marketed as a 'project' from 1950, indicating a need for substantial remodeling, renovation, or redevelopment investment.

Compared to the nearby listings

Price:$885.0K vs avg $1.05M ($-170,000)13%
Size:1,092 sqft vs avg 1,503.5 sqft11%
Price/sqft:$810 vs avg $71975%

More Insights

Built in 1950 (76 years old).
Condition: The property, built in 1950, is explicitly marketed as a 'project' for an 'investor' or 'builder,' indicating it requires substantial rehabilitation. The kitchen features outdated cabinets, countertops, backsplash, and older white appliances. The heating system is an old wall heater, and cooling is provided by a window AC unit, signifying a complete lack of modern HVAC. While the structure may not require demolition, the age and visible condition of major components (kitchen, heating/cooling) suggest significant defects and the need for extensive system replacements and overall modernization, aligning with the 'poor' condition criteria.
Year Built
1950
Close
-
List price
$885K
Original List price
$885K
Price/Sqft
$810
HOA
-
Days on market
-
Sold On
-
MLS number
SB25191378
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

This home is all about opportunity! Whether you're an investor, builder, or just simply searching for your next project, this Lakewood Village property is a rare find. Situated on a spacious 7,681 sq.ft. CORNER- LOT, the existing 3- bedroom, 2-bathroom, 1,092 sq.ft. home includes a detached 2- car garage and an expansive backyard with room to grow. The possibilities are endless- remodel the current home, expand the footprint, or maximize value by adding multiple units (buyer to verify with the City of Long Beach). Options abound: The seller's building plans are in the process of receiving final approval from City of Long Beach. There are two separate plans (1) SB9/ADU and (2) Jr. ADU attached to the house. Expected to be finalized by mid-October (Plans not included in the Price). All this, plus a prime location near Long Beach City College, Lakewood Country Club, Long Beach Airport, the LBX shopping center and numerous parks.

J
Jackeline Garcia
Listing Agent

Nearby schools

7/10
Twain Elementary School
Public,•K-5•0.6mi
8/10
Holmes Elementary School
Public,•K-5•1.4mi
6/10
Burcham Elementary School
Public,•K-5•1.5mi
7/10
Bancroft Middle School
Public,•6-8•0.3mi
6/10
Gompers K-8
Public,•K-8•0.6mi
8/10
Marshall Academy Of The Arts
Public,•6-8•1.8mi
5/10
Lakewood High School
Public,•9-12•0.4mi

Price History

Date
Event
Price
03/24/23
Sold
$750,000
Condition Rating
Poor
The property, built in 1950, is explicitly marketed as a 'project' for an 'investor' or 'builder,' indicating it requires substantial rehabilitation. The kitchen features outdated cabinets, countertops, backsplash, and older white appliances. The heating system is an old wall heater, and cooling is provided by a window AC unit, signifying a complete lack of modern HVAC. While the structure may not require demolition, the age and visible condition of major components (kitchen, heating/cooling) suggest significant defects and the need for extensive system replacements and overall modernization, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Development Potential: Significant opportunity for investors, builders, or homeowners to remodel, expand, or add multiple units, supported by a spacious corner lot.
Pre-Approved ADU/SB9 Plans: Seller is actively processing building plans for SB9/ADU and Jr. ADU, which are expected to be finalized soon, significantly streamlining future development.
Generous Corner Lot: A large 7,681 sq.ft. corner lot offers enhanced flexibility for expansion, landscaping, and potential for multi-unit development.
Prime Location: Desirable Lakewood Village location near Long Beach City College, Lakewood Country Club, LBX shopping center, and numerous parks, enhancing lifestyle and rental appeal.
Detached 2-Car Garage: Provides valuable parking, storage, and potential for conversion or integration into future development plans.

Cons

Requires Significant Investment: The property is explicitly marketed as a 'project' from 1950, indicating a need for substantial remodeling, renovation, or redevelopment investment.
Buyer Due Diligence for Plans: While plans are in process, buyers are responsible for verifying all development potential with the City of Long Beach, and the plans are not included in the listed price.
Outdated Condition: Built in 1950, the existing 1,092 sq.ft. home likely requires extensive updates to systems, finishes, and overall functionality to meet modern living standards.
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