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296 E Marker Street, Long Beach, California 90805, Long Beach, 90805 - 6 bed, 4 bath

296 E Marker Street, Long Beach, California 90805 home-pic-0
ACTIVE$1,100,000
296 E Marker Street, Long Beach, California 90805
6Beds
4Baths
3,411Sqft
6,993Lot
Year Built
1964
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$322
HOA
-
Days on market
-
Sold On
-
MLS number
WS25187643
Home ConditionFair
Features
Pool
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(68th), sqft - 3411(87th), beds - 6(90th), baths - 4(87th).

**CALLING ALL INVESTORS**Welcome to 296 E Marker St! A spacious duplex with tons of potential. Sitting on an expansive corner lot, this well-laid-out property features two attached units—perfect for investors or owner-occupants looking to offset their mortgage with rental income. The larger unit includes 4 spacious bedrooms and 2 full bathrooms, while the second unit offers 2 bedrooms and 2 bathrooms, giving you flexibility for multi-generational living or dual rental streams. Inside, both units are thoughtfully designed with sunken living rooms, separate dining areas, and generous storage space throughout. The bedrooms are large, the layouts functional, and there's indoor laundry for added convenience in each unit. While the property is fully livable as-is, it’s ready for a light cosmetic refresh to significantly increase value and rental appeal—ideal for investors looking for a property with upside. Outside, the property continues to impress. A private in-ground pool creates a central outdoor feature perfect for entertaining or relaxing. The 3-car garage adds major value in this area, and there’s plenty of off-street parking as well. Location-wise, you're just minutes from the 710 and 91 freeways for easy commuting - an added perk for tenants or future buyers. Whether you're looking to live in one unit and lease the other, or rent both for passive income, this duplex offers a strong return profile in an up-and-coming neighborhood. Don’t miss out, schedule your showing today!

Price History

Date
Event
Price
08/30/25
Price Change
$1,100,000-7.9%
08/22/25
Listing
$1,195,000
11/23/05
Sold
$575,000
10/02/95
Sold
$128,000
05/26/95
Sold
$98,500
Condition Rating
Fair
The property was built in 1964, making it 60 years old. The listing description explicitly states it is 'fully livable as-is' but 'ready for a light cosmetic refresh to significantly increase value and rental appeal.' This indicates that while functional, the property is outdated and requires minor updates. The exterior images show an aged structure with dated stucco, older windows, and a cracked driveway, consistent with a property that has been maintained but not recently modernized. Without interior photos, we infer that the kitchens and bathrooms, along with other interior features, are functional but likely feature older styles, finishes, and appliances, aligning with the need for a 'cosmetic refresh' rather than major structural repairs. This fits the 'Fair' criteria of being aged but maintained, with functional major components showing signs of being outdated and requiring minor updates.
Pros & Cons

Pros

Income-Generating Potential: As a duplex with two distinct units (4 bed/2 bath and 2 bed/2 bath), this property offers strong potential for dual rental income streams or flexible multi-generational living arrangements.
Value-Add Opportunity: The property is described as 'fully livable as-is' but 'ready for a light cosmetic refresh to significantly increase value and rental appeal,' presenting an excellent opportunity for investors to enhance equity and rental yield.
Desirable Amenities: Key features like a private in-ground pool, a 3-car garage, and ample off-street parking add significant appeal and value, especially in a dense urban area.
Spacious & Functional Layouts: Both units boast thoughtful designs with sunken living rooms, separate dining areas, generous storage, and large, functional bedrooms, enhancing livability for tenants or owner-occupants.
Strategic Location & Accessibility: Situated on an expansive corner lot in an 'up-and-coming neighborhood,' with minutes-away access to the 710 and 91 freeways, ensuring convenient commuting for residents.

Cons

Cosmetic Updates Required: While functional, the property explicitly states it needs a 'light cosmetic refresh,' indicating immediate capital expenditure for buyers looking to maximize its appeal and value.
Age of Property: Built in 1964, the property is older, which may imply outdated systems (e.g., plumbing, electrical, HVAC) or finishes that could require more substantial renovation beyond just cosmetic updates in the near future.
Pool Maintenance & Liability: The private in-ground pool, while an amenity, introduces ongoing maintenance costs, potential repair expenses, and increased liability for the owner, which could deter some investors or owner-occupants.

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