4703 N Bellflower, Long Beach, California 90808, Long Beach, 90808 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$800,000$1,092/sqft
Est. Value: $805,460
%
FairlyEstimate
4703 N Bellflower, Long Beach, California 90808
2Beds
1Bath
1,092Sqft
7,681Lot
Price Vs. Estimate
The estimated value ($805,459.74) is $5,459.74 (0%) lower than the list price ($800,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7681, living area = 1092.
Top Cons:
Age and Required Renovation: Built in 1950 and explicitly marketed as a 'project,' the property likely requires significant renovation, modernization, and potential repairs, implying substantial upfront investment beyond the purchase price.
Compared to the nearby listings
Price:$800.0K vs avg $1.05M ($-255,000)4%
Size:1,092 sqft vs avg 1,503.5 sqft11%
Price/sqft:$733 vs avg $71953%
More Insights
Built in 1950 (76 years old).
Condition: Built in 1950, this property is explicitly marketed as a 'project' requiring 'significant renovation, modernization, and potential repairs.' The kitchen features dated light wood cabinets, reddish laminate countertops, and older white appliances, indicating it has not been extensively renovated recently. The presence of a wall heater and window AC units points to outdated and inefficient major systems. While the home appears livable, it requires substantial rehabilitation to meet current quality standards and comfort, aligning with the 'poor' condition criteria.
Year Built
1950
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$733
HOA
-
Days on market
-
Sold On
-
MLS number
SB26002841
Home ConditionPoor
Features
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 Home 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 ADU- UNITS (buyer to verify with the City of Long Beach). 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
Built in 1950, this property is explicitly marketed as a 'project' requiring 'significant renovation, modernization, and potential repairs.' The kitchen features dated light wood cabinets, reddish laminate countertops, and older white appliances, indicating it has not been extensively renovated recently. The presence of a wall heater and window AC units points to outdated and inefficient major systems. While the home appears livable, it requires substantial rehabilitation to meet current quality standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7681, living area = 1092.
Development Potential: The property offers significant opportunity for investors, builders, or those seeking a project, with possibilities for remodeling, expanding the footprint, or adding multiple ADU-units to maximize value.
Generous Corner Lot: Situated on a spacious 7,681 sq.ft. CORNER-LOT, the property provides ample outdoor space and flexibility for future development or landscaping.
Prime Location: Strategically located near key amenities including Long Beach City College, Lakewood Country Club, Long Beach Airport, the LBX shopping center, and numerous parks, enhancing convenience and desirability.
Detached Garage: Includes a detached 2-car garage, offering valuable parking, storage, or potential for conversion into an additional living space or ADU, subject to city verification.
Good School Access: The property benefits from proximity to highly-rated schools such as Holmes Elementary (8/10) and Marshall Academy of the Arts (8/10), making it attractive to families.
Cons
Age and Required Renovation: Built in 1950 and explicitly marketed as a 'project,' the property likely requires significant renovation, modernization, and potential repairs, implying substantial upfront investment beyond the purchase price.
Modest Existing Structure: The current home is a relatively small 1,092 sq.ft. with 2 bedrooms and 1 bathroom, which may not meet the space requirements of all buyers without considerable expansion or remodeling.
Development Complexity: While offering ADU potential, maximizing value through expansion or multiple ADU-units requires buyer verification with the City of Long Beach, which can be a complex and time-consuming process.