700 Pepper Tree, Long Beach, California 90815, Long Beach, 90815 - 4 bed, 3 bath
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Long Beach, California 90815
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,799,000—positioned well below the $1,823,065 Fair Market Value by 1.3%. This valuation gap offers $24,065 in Instant Equity. With a Condition Rating of 4, the property requires modernization, yet offers significant upside via its 8,736-square-foot lot and RV-capable driveway. Located in the guard-gated Bixby Hill community near Kettering Elementary (10/10), this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Pepper Tree Subject | $1,799,000* List Price | 4 | 3 | 3,576 | $510 | - |
A 905 N Hillside Sold | $2,200,000 | 4 | 4 | 3,500 | $629 | 0.3 mi |
B 715 N Lariat Sold | $1,600,000 | 3 | 3 | 2,649 | $604 | 0.0 mi |
C 1241 N Studebaker Active | $2,300,000 List Price | 6 | 4 | 3,876 | $593 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this 53-year-old property is described as having 'timeless character' and offering 'endless possibilities to make it your own,' which are standard industry terms for a home with original, dated interiors. While the exterior shows maintenance like artificial turf, the age and the explicit suggestion to 'update it' indicate that the kitchen, bathrooms, and likely the primary systems (HVAC/Electric) are past their typical 20-year functional lifecycle and require modernization.
Elementary School: Kettering Elementary School (10/10).
Situated in the prestigious 24-hour guard-gated Bixby Hill, this property offers a high level of security, privacy, and neighborhood prestige that is highly valued in the Long Beach market.
The rare, long side driveway provides significant flexibility for multiple vehicles, recreational toys, or RV parking, a unique and sought-after feature that is uncommon in this desirable community.
Built in 1973 and marketed as an opportunity to 'update to reflect your personal style,' the home likely requires a substantial capital investment to modernize its original features and systems.
The association fee of $2,987 represents a significant recurring carrying cost that may deter budget-conscious buyers compared to nearby non-gated neighborhoods.
Welcome to 700 Pepper Tree Lane, located in the highly sought after 24-hour guard gated community of Bixby Hill. This Spacious 4-bedroom, 3-bath residence offers approximately 3576 square feet of living space on an 8736-square foot lot, providing endless possibilities to make it your own. The thoughtfully designed floor plan features generous living and dining areas, and oversized primary bedroom and bonus room. The large backyard offers plenty of room to create your dream outdoor retreat, with space to add a pool, an ADU (buyer to verify) or both. A long side driveway provides exceptional flexibility with ample parking for multiple vehicles, recreational toys, or even an RV-an uncommon feature in this desirable neighborhood. Weather you choose to enjoy its timeless character or update it to reflect your personal style, this home presents an incredible opportunity to enter into this community for the price. Ideally located near Cal State Long Beach, Rancho Los Alamitos, parks, golf courses, beaches, shopping, dinning, and convenient freeway access.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,576 | 1,556.5 |
| Lot Size | 8,736 | 5,910 |
| Price | $1.80M | $1.02M |
| Price per sq ft | $503 | $721 |
| Built year | 1973 | 1949 |
| HOA | $2987.0 | $240 |
| Days on market | 7 | 46 |
Jul 15, 2026
$1,799,000
Initial Listing