5444 Lime Avenue, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$849,000
5444 Lime Avenue, Long Beach, California 90805
0Bed
0Bath
2Sqft
5,155Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This duplex offers an ideal investment opportunity with two separate units and long-term, reliable tenants already in place, ensuring immediate and stable rental income.
Top Cons:
Advanced Age of Property: Built in 1925, the property is nearly a century old, which may imply potential for aging infrastructure and higher long-term maintenance costs.
Compared to the nearby listings
Price:$849.0K vs avg $930.0K ($-81,000)48%
Size:2 sqft vs avg 1,869 sqft3%
Price/sqft:$424.5K vs avg $51697%
More Insights
Built in 1925 (100 years old).
Condition: This property was built in 1925, making it nearly 100 years old. The exterior images reveal significant age and wear, including faded paint, older windows with security bars, cracked concrete driveways, and unkempt landscaping. The complete absence of interior photos, particularly for the kitchen and bathrooms, strongly suggests these areas are severely outdated and in need of substantial rehabilitation. While the listing mentions 'well-maintained,' this likely refers to basic functionality for long-term tenants rather than modern condition or aesthetics. Significant investment would be required to update the kitchens, bathrooms, electrical, plumbing, and potentially HVAC systems to meet current standards and comfort.
Year Built
1925
Close
-
List price
$849K
Original List price
$898K
Price/Sqft
$424,500
HOA
-
Days on market
-
Sold On
-
MLS number
IG25124947
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
HUGE price reduction on this charming duplex with Long-Term Tenants – Great Investment Opportunity! Don't miss this well-maintained duplex featuring two separate units, each offering 2 bedrooms and 1 bathroom. Both units include separate utilities, washer and dryer hookups for added convenience. Long-term, reliable tenants are already in place, making this an ideal opportunity for investors seeking stable rental income. Whether you're expanding your portfolio or looking for a multi-family property with potential, this duplex has plenty to offer! Seller is very motivated! Don't miss this rare opportunity!
Price History
Date
Event
Price
04/05/10
Sold
$265,000
01/11/06
Sold
$545,000
12/18/03
Sold
$290,000
Condition Rating
Poor
This property was built in 1925, making it nearly 100 years old. The exterior images reveal significant age and wear, including faded paint, older windows with security bars, cracked concrete driveways, and unkempt landscaping. The complete absence of interior photos, particularly for the kitchen and bathrooms, strongly suggests these areas are severely outdated and in need of substantial rehabilitation. While the listing mentions 'well-maintained,' this likely refers to basic functionality for long-term tenants rather than modern condition or aesthetics. Significant investment would be required to update the kitchens, bathrooms, electrical, plumbing, and potentially HVAC systems to meet current standards and comfort.
Pros & Cons
Pros
Strong Investment Opportunity: This duplex offers an ideal investment opportunity with two separate units and long-term, reliable tenants already in place, ensuring immediate and stable rental income.
Tenant Convenience & Management Ease: Both units feature separate utilities and in-unit washer and dryer hookups, enhancing tenant convenience and simplifying property management for the owner.
Motivated Seller & Price Reduction: A 'HUGE price reduction' from the original list price and a 'very motivated seller' indicate potential for a favorable purchase price and negotiation.
Well-Maintained Property: The property is described as 'well-maintained,' suggesting it is in good condition and may require less immediate capital expenditure for a new owner.
Multi-Family Income Potential: As a duplex with two 2-bedroom, 1-bathroom units, it provides diversified income streams and flexibility for various rental strategies.
Cons
Advanced Age of Property: Built in 1925, the property is nearly a century old, which may imply potential for aging infrastructure and higher long-term maintenance costs.
Lack of Modern Upgrades Mentioned: While 'well-maintained,' the description does not specify any recent renovations or modern interior updates, suggesting units might be dated and could require future investment to maximize rental value.
Unspecified Parking: The property description does not mention dedicated parking for either unit, which can be a significant drawback for tenants in an urban area like Long Beach.