358 E 53rd Street, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$574,999
358 E 53rd Street, Long Beach, California 90805
0Bed
0Bath
1Sqft
2,500Lot
Year Built
1949
Close
-
List price
$575K
Original List price
$650K
Price/Sqft
$574,999
HOA
-
Days on market
-
Sold On
-
MLS number
DW25147136
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $575.0K(10th), sqft - 1(3th), beds - undefined(50th), baths - undefined(50th).
INVESTOR!! INVESTOR!! Incredible investment opportunity in North Long Beach! This duplex offers two spacious units, each with its own private entrance—ideal for owner-occupants or savvy investors. Live in one and rent the other, or lease both for strong rental income potential. A detached 2-car garage adds convenience and value. Located in a growing neighborhood near schools, shopping, and major freeways. Don’t miss out on this versatile property with long-term upside!
Price History
Date
Event
Price
09/17/25
Price Change
$574,999-4.2%
08/01/25
$599,999
07/12/25
$649,999
Condition Rating
Poor
Built in 1949, this duplex shows significant age with no apparent major renovations in recent decades. The exterior features worn stucco, older windows, and visible window-mounted air conditioning units, indicating outdated cooling systems and a lack of modern amenities. The absence of interior photos, combined with the 'INVESTOR!!' description and 'long-term upside,' strongly suggests the property requires substantial repairs and rehabilitation, including likely updates to kitchens, bathrooms, and major systems to meet current living standards.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an 'Incredible investment opportunity' with 'strong rental income potential' from two independent units.
Duplex Configuration: Offers two independent units, each with its own private entrance, ideal for maximizing rental income or owner-occupancy with supplemental income.
Detached 2-Car Garage: Provides significant added value and convenience for tenants or owner, offering secure parking and storage.
Strategic Location: Situated in a 'growing neighborhood near schools, shopping, and major freeways,' enhancing its appeal for renters and future appreciation.
Versatile Occupancy Options: Catters to both owner-occupants looking to offset mortgage costs and pure investors seeking rental income.
Cons
Erroneous Square Footage Data: The listed square footage of '1' is incorrect, making it impossible to accurately evaluate the property's size and per-square-foot value without further verification.
Property Age & Potential Upgrades: Built in 1949, the property is over 70 years old, suggesting potential for outdated systems and the need for significant renovations or maintenance to meet modern standards.
Multiple Price Reductions: The property has undergone several price drops from its original listing, which could signal an initial overpricing or extended market time, potentially raising buyer questions about its true market value or condition.