7890 E Spring Street 11e, Long Beach, California 90815, Long Beach, 90815 - 2 bed, 2 bath
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Long Beach, California 90815
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $506,780 Fair Market Value by 1.5%. This valuation gap offers $7,780 in Instant Equity for buyers. With a Condition Rating of 4, this cosmetic fixer features a privacy-centric dual en-suite layout and resort-style amenities. The property requires updates to finishes, making it an ideal project for Buy-and-Hold Investors or first-time buyers looking to build sweat equity in a scenic, nature-filled Long Beach community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7890 E Spring Street 11e Subject | $499,000* List Price | 2 | 2 | 1,101 | $460 | - |
A 7890 E Spring Street 2f Sold | $480,000 | 1 | 1 | 960 | $500 | 0.0 mi |
B 7890 E Spring Street 18f Sold | $396,000 | 1 | 1 | 960 | $413 | 0.0 mi |
C 7890 E Spring Street 26h Active | $555,000 List Price | 2 | 2 | 1,101 | $504 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this unit is a classic cosmetic fixer. While it features some new laminate flooring, the kitchen and bathrooms remain dated, and the presence of older wall AC units and vintage red carpeting indicates the property is over 20 years old and requires modern updates to finishes and systems.
The 1,101 sqft floor plan features dual en-suite bedrooms separated by the main living area, offering ideal privacy for families, roommates, or guests.
Located in 'The Lakes,' residents enjoy a serene environment with lush landscaping, ponds, pools, tennis courts, and a clubhouse, all adjacent to the expansive El Dorado Park.
As a cosmetic fixer priced competitively, this property presents a prime opportunity for buyers to customize finishes and build immediate sweat equity in a desirable Long Beach neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =521413, other record lot size in square feet = 521207.
The monthly association fee of $914.39 is substantial and may impact buyer affordability or financing qualifications compared to other area condominiums.
The property is in original condition and requires comprehensive updating, necessitating additional upfront investment for renovations immediately following the close of escrow.
Opportunity Knocks in El Dorado Lakes! This spacious 2-bedroom, 2-bath condo offers 1,101 square feet of living space and the perfect opportunity to create your dream home. A cosmetic fixer with incredible potential, this home is ideal for buyers looking to add their own style and personal touches. The thoughtfully designed open floor plan features the kitchen, dining area, and living room positioned between two private en-suite bedrooms, making it an excellent layout for families, guests, roommates, or rental possibilities. The inviting living room boasts vaulted ceilings, a cozy wood-burning fireplace, and access to a large private balcony overlooking the community’s scenic surroundings. The kitchen offers abundant cabinetry, a breakfast bar, and all appliances are included. The spacious primary suite features new laminate flooring, dual closets, a private bathroom, and tranquil window views. Located on the opposite side of the condo for added privacy, the guest bedroom includes its own bathroom, generous closet space, and direct balcony access. Enjoy relaxing or entertaining on the expansive second-floor balcony while taking in the peaceful views. The detached two-car garage provides convenient parking and additional storage. Nestled within the highly desirable El Dorado Lakes community, residents enjoy lush landscaping, picturesque ponds with blooming lilies, winding walking paths, flowing streams, and an abundance of birds, fish, and turtles that create a serene park-like setting. Community amenities include two pools, two spas, tennis courts, sauna, clubhouse with billiards and table tennis, and an exercise room. Conveniently located just east of the 605 Freeway, the community offers easy freeway access, proximity to shopping and dining, and is only about 20 minutes from the beach. Nearby El Dorado Park provides endless opportunities for outdoor recreation, walking, and relaxation. This pet-friendly community warmly welcomes your furry companions as well. With its spacious layout, exceptional location, and resort-style surroundings, this condo presents a rare opportunity to transform a well-located home into something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 55% |
| Square foot | 1,101 | 960 | 59% |
| Lot Size | 521,413.188 | 130,993 | 97% |
| Price | $499.0K | $490.0K | 52% |
| Price per sq ft | $453 | $538 | 17% |
| Built year | 1974 | 1979 | 45% |
| HOA | $914.39 | $530 | 93% |
| Days on market | 9 | 148 | 7% |
May 28, 2026
$499,000
Initial Listing
Feb 10, 2015
$304,000
Public Record
Jul 13, 2009
$275,000
Public Record