
Long Beach, California 90807
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $850,000—positioned slightly above the $832,120 Fair Market Value. While the price reflects a premium for the Turnkey Condition Rating, the property offers significant long-term upside through its ADU Development Potential on the spacious 5,487 sqft lot. Located in the highly desirable Bixby Knolls neighborhood within the Long Beach Unified school district, this home provides a stable, move-in-ready lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-quality, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4832 Matney Subject 2 bd · 1 ba · 810 sqft · $1,027 | $850,000* List Price | 2 | 1 | 810 | $1,027 | - |
A 1615 E Hardwick Sold 2 bd · 1 ba · 861 sqft · $889 · 0.3 mi | $765,000 | 2 | 1 | 861 | $889 | 0.3 mi |
B 320 E 44th Sold 2 bd · 1 ba · 806 sqft · $1,092 · 1.0 mi | $880,000 | 2 | 1 | 806 | $1,092 | 1.0 mi |
C 4558 Pasadena Avenue Sold 3 bd · 1 ba · 1,005 sqft · $861 · 0.8 mi | $865,000 | 3 | 1 | 1,005 | $861 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1942, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with shaker cabinets and subway tile, an updated bathroom, and new wood laminate flooring. The presence of a newer HVAC condenser, updated vinyl windows, and a finished garage indicates the systems are in mint condition and the home is fully turnkey.
Situated in the highly desirable Bixby Knolls neighborhood, this property offers excellent proximity to top-rated schools, parks, and upscale shopping in one of Long Beach's most sought-after communities.
The detached garage and long, gated driveway provide a perfect footprint for an Accessory Dwelling Unit (ADU) conversion, offering significant potential for rental income or increased property value.
The home features modern updates including wood laminate flooring and a newly finished driveway, presenting a move-in-ready opportunity that minimizes immediate post-purchase renovation costs.
At only 810 square feet with a single bathroom, the compact interior layout may be restrictive for growing families or buyers seeking dedicated home office space.
The list price of $850,000 represents a premium price point for the total square footage, which may challenge appraisal valuations and buyer perceptions of value for a two-bedroom residence.
Welcome to 4832 Matney Ave, the perfect turnkey opportunity to start your homeownership journey. Nestled in the highly desirable Bixby Knolls neighborhood of Long Beach, this charming 2-bedroom, 1-bathroom single-story home beautifully blends classic character with modern comfort. Inside, the thoughtful layout features a distinct, cozy living room that flows seamlessly into a combined kitchen and dining area with side door to driveway--ideal for hosting casual dinners or enjoying your morning coffee. Both bedrooms provide peaceful retreats with plenty of natural light. Wood laminated flooring throughout. A standout feature of this property is the newly finished long, gated driveway leading to a detached garage, complete with dedicated laundry hookups and a convenient side door. Perfect candidate for a backyard ADU conversion for extended family or rental revenue. Step outside to a spacious backyard that serves as a blank canvas waiting for your personal touch to add a lush lawn, pool and spa. Close to top-rated schools, parks, shopping and major freeways. Schedule your viewing today.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 810 | 1,516.237 |
| Lot Size | 5,487 | 5,828.075 |
| Price | $850.0K | $1.04M |
| Price per sq ft | $1.0K | $730 |
| Built year | 1942 | 1949 |
| HOA | $0 | $331 |
| Days on market | 24 | 49 |
Oct 1, 2026
$850,000
Initial Listing
Dec 5, 2024
$770,000
Public Record
Apr 18, 1996
$115,000
Public Record