5467 California, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$500,000
5467 California, Long Beach, California 90805
0Bed
0Bath
1,224Sqft
5,210Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a 'two-on-a-lot' duplex, offering immediate rental income potential for investors or mortgage offset for owner-occupants.
Top Cons:
Extensive Deferred Maintenance: Explicitly noted as having 'deferred maintenance,' suggesting significant immediate repair and renovation costs.
Compared to the nearby listings
Price:$500.0K vs avg $930.0K ($-430,000)6%
Size:1,224 sqft vs avg 1,869 sqft16%
Price/sqft:$408 vs avg $50223%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property is explicitly described as having 'extensive deferred maintenance' and is priced to reflect its condition, indicating it requires substantial repairs and rehabilitation. The exterior images show signs of neglect, including a cracked driveway and unkempt landscaping. While no interior photos are provided, the age of the property and the description strongly suggest that the kitchen, bathrooms, and other interior components are severely outdated and in poor condition, necessitating a full renovation. It is marketed as a 'value-add property,' confirming the need for significant investment to make it fully functional and desirable.
Year Built
1947
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
RS25262689
Home ConditionPoor
Features
View-
About this home
Attention Investors and Opportunity Seekers! This two-on-a-lot gem is loaded with potential and priced to move! Yes—there’s deferred maintenance, and third-party short sale approval is required, but that means one thing: opportunity is knocking! Whether you're a savvy investor hunting for your next value-add property or a first-time homebuyer dreaming of living in one unit while the other helps pay the mortgage, this is the moment you’ve been waiting for. With tenant occupancy already in place and a price that reflects the condition, this is your chance to secure a property with built-in upside. Act fast—properties with this much potential don’t stay on the market long!
Price History
Date
Event
Price
11/17/95
Sold
$125,000
05/05/05
Sold
$430,000
Condition Rating
Poor
Built in 1947, this property is explicitly described as having 'extensive deferred maintenance' and is priced to reflect its condition, indicating it requires substantial repairs and rehabilitation. The exterior images show signs of neglect, including a cracked driveway and unkempt landscaping. While no interior photos are provided, the age of the property and the description strongly suggest that the kitchen, bathrooms, and other interior components are severely outdated and in poor condition, necessitating a full renovation. It is marketed as a 'value-add property,' confirming the need for significant investment to make it fully functional and desirable.
Pros & Cons
Pros
Income-Generating Duplex: The property is a 'two-on-a-lot' duplex, offering immediate rental income potential for investors or mortgage offset for owner-occupants.
Existing Tenant Occupancy: Current tenant occupancy provides immediate cash flow and eliminates vacancy risk for the new owner.
Significant Value-Add Potential: Described as 'loaded with potential' and a 'value-add property,' indicating opportunities for renovation and appreciation.
Broad Buyer Appeal: Appeals to both savvy investors seeking returns and first-time homebuyers looking to offset mortgage costs with rental income.
Strategic Long Beach Location: Situated in North Long Beach, a metropolitan area with consistent rental demand and potential for property appreciation.
Cons
Extensive Deferred Maintenance: Explicitly noted as having 'deferred maintenance,' suggesting significant immediate repair and renovation costs.
Short Sale Process Complexity: Requires 'third-party short sale approval,' which can lead to a lengthy, uncertain, and potentially frustrating closing period.
Condition-Based Pricing: The 'price that reflects the condition' indicates the property is not move-in ready and requires substantial investment post-purchase.