720 W Columbia Street, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 2 bath
720 W Columbia Street
Long Beach, California 90806
Property Price
SUMMARY
Analysis of 720 W Columbia Street, Long Beach, California 90806 reveals a Prime Investment Opportunity with a current list price of $899,900—significantly undercutting the $1,002,908 Fair Market Value by 10%. This valuation gap indicates a +$103,008 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 720 W Columbia Street Subject | $899,900* List Price | 3 | 2 | 1,829 | $548 | - |
A 2860 Chestnut Avenue Sold | $1,075,000 | 3 | 2 | 1,715 | $627 | 0.3 mi |
B 2130 Oregon Avenue Sold | $1,025,000 | 4 | 4 | 1,650 | $621 | 0.9 mi |
C 609 W 36th Sold | $780,000 | 3 | 2 | 1,312 | $595 | 0.8 mi |
D 2257 Daisy Avenue Sold | $823,000 | 2 | 2 | 1,636 | $503 | 0.7 mi |
E 3334 3334 De Forest Sold | $845,000 | 3 | 2 | 1,560 | $542 | 0.6 mi |
F 2720 San Francisco Active | $899,900 List Price | 3 | 2 | 1,750 | $514 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property appears move-in ready with a well-maintained exterior, updated windows, and a functional layout. While originally built in 1942, the recent sales history and description suggest the home has been well-kept and updated over time, though it may lack the full-scale modern renovation required for an 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Wrigley Location
Situated in the sought-after Wrigley community, the property offers excellent proximity to highly-rated elementary schools and major freeways, making it ideal for families and commuters.
- Spacious Living and Lot Size
Boasting 1,829 square feet of living space on a 6,628 square foot lot, this home provides a larger-than-average footprint for the area, offering ample room for gardening and entertaining.
- Compelling Value Opportunity
The current list price of $899,900 is significantly lower than its 2024 sale price of $995,000, representing a strategic entry point with immediate equity potential for buyers.
CONSRISKS & DEFICIENCIES
- High School Performance
While the elementary schools are top-rated, the assigned high school has a significantly lower rating, which may be a concern for families prioritizing long-term educational consistency.
- Dated Infrastructure Potential
Built in 1942, the property may require capital improvements or modernization of its original systems to meet contemporary standards and maximize its functional appeal.
About 720 W Columbia Street
Welcome to 720 W Columbia Street situated in the vibrant Wrigley community, this home places you minutes from local dining, shopping, schools, and major freeways, making commuting and daily errands simple. The property features a functional layout with spacious living areas filled with natural light, creating a warm and inviting atmosphere. The kitchen offers ample cabinet space and flows seamlessly into the dining and living areas, ideal for both daily living and hosting guests. Outside, enjoy a private yard with room to relax, garden, or entertain. Whether youre a first-time buyer, investor, or looking to downsize, this home presents a great opportunity in a desirable Long Beach location. A solid value with strong potential dont miss your chance to make it yours!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 6,628 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Birney Elementary School
Grades K-5 • 0.2 mi
Lafayette Elementary School
Grades K-5 • 0.6 mi
Burnett Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,829 | 1,364 | 95% |
| Lot Size | 6,628 | 5,752 | 86% |
| Price | $899.9K | $829.0K | 76% |
| Price per sq ft | $492 | $645 | 16% |
| Built year | 1942 | 1940 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 156 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$899,900
Initial Listing
Sold
Jul 11, 2024
$995,000
Public Record
Sold
Mar 12, 2014
$488,500
Public Record