3701 E Ransom Street, Long Beach, California 90804, Long Beach, 90804 - 2 bed, 1 bath
ACTIVE$699,500
3701 E Ransom Street, Long Beach, California 90804
2Beds
1Bath
982Sqft
6,503Lot
Year Built
1904
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$712
HOA
-
Days on market
-
Sold On
-
MLS number
SR25006497
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.5K(23th), sqft - 982(40th), beds - 2(50th), baths - 1(50th).
Cute 2 + 1 house ready and waiting for you to make it your own. Close to shopping, gyms, restaurants off PCH and close to freeways.
Condition Rating
Poor
Built in 1904, this property is over a century old. The listing description 'ready and waiting for you to make it your own' and the property analysis stating 'Significant Renovation Required' strongly indicate that the home needs substantial repairs and rehabilitation. While no interior images are provided to assess the kitchen and bathroom directly, the age and explicit need for significant renovation suggest these areas, along with major systems, are likely outdated and in poor condition, requiring extensive updates to meet modern standards. The single exterior image shows an older home that appears to be in need of maintenance, reinforcing the need for substantial investment.
Pros & Cons
Pros
Generous Lot Size: The property boasts a substantial 6503 sqft lot, offering ample outdoor space and significant potential for future expansion or the addition of an Accessory Dwelling Unit (ADU), enhancing its long-term value.
Strategic Location: Positioned conveniently near major thoroughfares (PCH, freeways), shopping centers, gyms, and restaurants, providing excellent accessibility and a desirable urban lifestyle in Long Beach.
Value-Add Opportunity: Described as 'ready and waiting for you to make it your own,' this property presents a clear opportunity for buyers to customize and renovate, potentially increasing its market value significantly.
Historic Charm: Built in 1904, the house likely retains original architectural elements and character, appealing to buyers seeking a home with a unique historical footprint.
Competitive Price Point: Listed at $699,500, it offers a more accessible entry into the Long Beach market compared to several recently sold and active comparable properties that are priced higher.
Cons
Significant Renovation Required: The description 'ready and waiting for you to make it your own' implies the property is in need of substantial updates and modernization, which will require additional investment and effort from the buyer.
Below Market Estimation: The property's estimated value of $584,909.18 is considerably lower than the listing price, suggesting a potential overpricing relative to its current condition or recent market data.
Limited Living Space & Amenities: With only 982 sqft, 2 bedrooms, and 1 bathroom, the property offers less living space and fewer amenities compared to most comparable properties, which typically feature 3 bedrooms and 2 bathrooms, potentially limiting its appeal to a broader buyer pool.