5860 Rose Avenue, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath

5860 Rose Avenue, Long Beach, California 90805 home-pic-0
ACTIVE UNDER CONTRACT$798,000
5860 Rose Avenue, Long Beach, California 90805
3Beds
2Baths
1,479Sqft
9,393Lot
Year Built
1933
Close
-
List price
$798K
Original List price
$798K
Price/Sqft
$540
HOA
-
Days on market
-
Sold On
-
MLS number
OC25034963
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $798.0K(77th), sqft - 1479(85th), beds - 3(50th), baths - 2(50th).

Incredible Opportunity, Two Homes on a Large Lot – Ideal for Multi-Generational Living. Perfect for the grandparents or those kids that just won't leave home! This fabulous fixer-upper offers a unique opportunity, perfect for families seeking space, privacy, and potential. The main home features a spacious living area, 3 bedrooms, 2 baths, and a dining area just off the kitchen. A separate laundry room adds convenience, while the detached 2-car garage and long driveway provide ample space for parking, including room for an RV. Whether you need extra storage, a place to park your vehicles, or a spot to store recreational toys, this property has it all! The back home is perfect for extended family. It includes a full kitchen and bath, a cozy living room with a fireplace, and a private bedroom. Both homes share the large lot, giving you plenty of outdoor space for family gatherings, gardening, or creating a play area for kids. This property is filled with potential and is waiting for the right family to come in and make it their own. Whether you're looking for a multi-generational living setup, a home with rental income potential, or simply need more space, this is the one you've been waiting for!

Condition Rating
Poor

Built in 1933 and explicitly described as a 'fabulous fixer-upper,' this property requires substantial repairs and rehabilitation. The images confirm severely outdated kitchens and bathrooms in both units, featuring old cabinets, laminate/old tile countertops, older white appliances, and basic fixtures. Flooring consists of old carpet, linoleum, or dated tile throughout. The overall aesthetic is very dated, indicating a lack of significant renovation for many decades, and major systems are likely original or very old, necessitating extensive upgrades.
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 = 9393, living area = 1479.
Dual Dwelling Configuration: The property features two distinct homes on a single, large lot, offering exceptional versatility for multi-generational living or potential rental income.
Generous Lot Size: A substantial 9,393 sq ft lot provides ample outdoor space for various activities, gardening, or future expansion possibilities.
Multi-Generational Living & Income Potential: Explicitly designed for extended family arrangements or as an income-generating asset with a separate, fully-equipped back home.
Ample Parking & RV Access: A detached 2-car garage and a long driveway accommodate multiple vehicles, including dedicated space for RV parking.
Detached Second Unit with Full Amenities: The back home includes a full kitchen, bath, living room, and private bedroom, offering complete independence and privacy.

Cons

Fixer-Upper Condition: Described as a 'fabulous fixer-upper,' indicating that significant renovation and investment will be required to modernize and optimize the property.
Potential Overpricing: The current list price of $798,000 is significantly higher than the estimated property value of $543,262.74, suggesting a potential overvaluation or a high premium for the 'potential'.
Age of Construction: Built in 1933, the property is likely to have outdated systems and components, potentially leading to higher maintenance costs and the need for substantial upgrades.

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