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183 E Pleasant Street, Long Beach, California 90805, Long Beach, 90805 - bed, bath

183 E Pleasant Street, Long Beach, California 90805 home-pic-0
ACTIVE$655,000
183 E Pleasant Street, Long Beach, California 90805
0Bed
0Bath
988Sqft
2,035Lot
Year Built
1956
Close
-
List price
$655K
Original List price
$660K
Price/Sqft
$663
HOA
-
Days on market
-
Sold On
-
MLS number
DW25063235
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $655.0K(13th), sqft - 988(6th), beds - undefined(50th), baths - undefined(50th).

Welcome to the beautiful City of Long Beach, This is an amazing opportunity to own a duplex live in one and rent the other. One unit will be delivered un occupied at close! Perfect starter or addition to your portfolio, only 2 blocks North of Bixby Knolls. Two 1 bed, 1 bath units, with updated kitchen that have granite counter tops. Duplex has a 2 car attached garage and an onsite laundry room with coin operated machines perfect for added income potential. Super low expense building with no landscaping to water. Only one block from Dooley Elementary School and national retailers at Long Beach Blvd and Del Amo. Cash flow right at close to start your rental portfolio.

Price History

Date
Event
Price
06/01/21
Sold
$550,000
12/06/17
Sold
$401,500
01/21/05
Sold
$295,000
Condition Rating
Fair
Built in 1956, the property shows signs of regular maintenance and some cosmetic updates, such as LVP flooring throughout the living areas and bedrooms. The kitchens feature painted white cabinets and what appears to be basic laminate or speckled granite countertops, along with older white appliances. The presence of wall heaters indicates an outdated heating system and a lack of central HVAC. While functional and move-in ready, the property's age and dated major systems and finishes suggest it requires minor updates and potential system upgrades to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Income Generating Duplex: The property is a duplex, offering the flexibility to live in one unit and rent the other, or rent both for significant cash flow, making it ideal for a starter or portfolio addition.
Immediate Occupancy Potential: One unit will be delivered vacant at close, providing immediate opportunity for an owner-occupant or quick tenant placement for rental income.
Updated Kitchens: Both units feature updated kitchens with granite countertops, enhancing their appeal and reducing immediate renovation needs for new owners/tenants.
Additional Income Stream: An onsite laundry room with coin-operated machines offers an additional source of income, contributing to the property's overall profitability.
Prime Location & Low Maintenance: Located only two blocks north of Bixby Knolls, one block from Dooley Elementary, and near national retailers, combined with a 'super low expense building with no landscaping to water', ensures convenience and reduced upkeep.

Cons

Compact Unit Sizes: With a total of 988 sqft for two 1-bedroom, 1-bathroom units, each unit is quite small (approximately 494 sqft), which may limit tenant appeal or rental rates for some.
Age of Property: Built in 1956, the property's age suggests that while kitchens are updated, other major systems (e.g., plumbing, electrical, roof) may be original or older, potentially requiring future maintenance or upgrades.
Limited Outdoor Space: The lot size of 2035 sqft is relatively small for a duplex, offering minimal private or common outdoor space for residents.

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