70 70 W Scott St Street W, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 3 bath
ACTIVE UNDER CONTRACT$665,000$1,189/sqft
Est. Value: $628,291
-5%
AboveEstimate
70 70 W Scott St Street W, Long Beach, California 90805
3Beds
3Baths
1,189Sqft
5,316Lot
Price Vs. Estimate
The estimated value ($628,290.675) is $36,709.325 (5%) lower than the list price ($665,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: The property features a detached garage and a spacious lot, offering significant potential for an Accessory Dwelling Unit (ADU) to generate rental income or provide additional living space.
Top Cons:
Sold As-Is Condition: The property is being sold in 'as-is' condition, requiring buyers to anticipate and budget for necessary repairs, upgrades, and potential deferred maintenance.
Compared to the nearby listings
Price:$665.0K vs avg $726.0K ($-61,000)20%
Size:1,189 sqft vs avg 1,127.5 sqft59%
Price/sqft:$559 vs avg $64028%
More Insights
Built in 1956 (70 years old).
Condition: Built in 1956, this property is 68 years old and, as stated in the description, 'retains the charm of a home built in 1956' and is being 'sold as-is.' The property analysis confirms it 'likely retains original systems and finishes, which may necessitate significant modernization.' The exterior image shows dated windows and window-mounted AC units, indicating a lack of central air conditioning and older systems. Without interior photos, it's highly probable that the kitchen and bathrooms are original or very outdated, requiring complete renovation. The overall condition suggests substantial repairs and rehabilitation are needed for major components like HVAC, electrical, plumbing, and interior finishes to meet modern standards, aligning with a 'poor' condition rating.
Year Built
1956
Close
-
List price
$665K
Original List price
$665K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
PW26001351
Home ConditionPoor
Features
View-
About this home
Three-bedroom, three-bathroom home with great potential located in a quiet neighborhood in Long Beach. The property will be sold as-is and is priced accordingly. The house retains the charm of a home built in 1956 and could become a gem for a buyer with vision or a diamond in the rough for an investor. The backyard is spacious and the detached garage could have ADU potential.
C
Candrus Franklin
Listing Agent
Condition Rating
Poor
Built in 1956, this property is 68 years old and, as stated in the description, 'retains the charm of a home built in 1956' and is being 'sold as-is.' The property analysis confirms it 'likely retains original systems and finishes, which may necessitate significant modernization.' The exterior image shows dated windows and window-mounted AC units, indicating a lack of central air conditioning and older systems. Without interior photos, it's highly probable that the kitchen and bathrooms are original or very outdated, requiring complete renovation. The overall condition suggests substantial repairs and rehabilitation are needed for major components like HVAC, electrical, plumbing, and interior finishes to meet modern standards, aligning with a 'poor' condition rating.
Pros & Cons
Pros
ADU Potential: The property features a detached garage and a spacious lot, offering significant potential for an Accessory Dwelling Unit (ADU) to generate rental income or provide additional living space.
Quiet Neighborhood Setting: Located in a quiet neighborhood within North Long Beach, providing a peaceful and desirable living environment.
Spacious Backyard: A generously sized backyard offers ample outdoor space for recreation, gardening, or future landscaping projects.
Functional Layout: The home boasts a practical 3-bedroom, 3-bathroom configuration, suitable for families or multi-generational living.
High Renovation/Investment Potential: Described as a 'gem for a buyer with vision or a diamond in the rough for an investor,' indicating strong upside potential through customization and modernization.
Cons
Sold As-Is Condition: The property is being sold in 'as-is' condition, requiring buyers to anticipate and budget for necessary repairs, upgrades, and potential deferred maintenance.
Age of Property & Systems: Built in 1956, the home likely retains original systems and finishes, which may necessitate significant modernization to meet contemporary standards and efficiency.
Requires Substantial Investment & Vision: Beyond the purchase price, the property demands a buyer with the vision and financial capacity for significant renovation to unlock its full potential.