247 E 67th Way, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$850,000
247 E 67th Way, Long Beach, California 90805
0Bed
0Bath
3,000Sqft
6,467Lot
Year Built
1939
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$283
HOA
-
Days on market
-
Sold On
-
MLS number
RS25202615
Home ConditionPoor
Features
Pool
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(48th), sqft - 3000(84th), beds - undefined(50th), baths - undefined(50th).
Price History
Date
Event
Price
09/09/25
Listing
$850,000
Condition Rating
Poor
Built in 1939, this property is significantly aged. The MLS listing explicitly notes the 'Age of Property' and the likelihood of 'original systems (plumbing, electrical, HVAC) and finishes that may require significant and costly updates.' While the front exterior appears somewhat maintained, the rear/side view reveals an older structure with an outdated window AC unit, security bars, and general signs of wear and tear, suggesting substantial deferred maintenance. Without interior photos, it's highly probable that kitchens and bathrooms are original or very old, requiring extensive renovation to meet modern standards. The property requires substantial repairs and rehabilitation to its major systems and finishes.
Pros & Cons
Pros
Income-Generating Asset: As a duplex, the property offers immediate income potential, making it attractive to investors or owner-occupants looking to offset mortgage costs.
Substantial Square Footage: With 3000 sqft, the property provides generous living space across its units, which can command higher rental rates or offer comfortable living arrangements.
Desirable Lot Size: The 6467 sqft lot is a significant asset in an urban setting like Long Beach, offering valuable outdoor space, potential for landscaping, or future expansion possibilities (subject to zoning).
Strategic Long Beach Location: Located in Long Beach, a dynamic Southern California city known for its strong rental market, amenities, and consistent property value appreciation.
Investment Opportunity: The combination of property type, size, and location positions this as a compelling investment opportunity with potential for cash flow and long-term appreciation.
Cons
Age of Property: Built in 1939, the property is likely to have original systems (plumbing, electrical, HVAC) and finishes that may require significant and costly updates to meet modern standards and tenant expectations.
Potential for Deferred Maintenance: Older properties often come with a history of deferred maintenance, which could lead to unexpected and substantial repair expenses for a new owner.
Undefined MLS Area: The '699 - Not Defined' MLS area may complicate precise hyper-local market analysis and comparison with similar properties, potentially impacting valuation and targeted marketing efforts.