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4741 E Colorado Street, Long Beach, California 90814, Long Beach, 90814 - 2 bed, 1 bath

4741 E Colorado Street, Long Beach, California 90814 home-pic-0
ACTIVE$899,000
4741 E Colorado Street, Long Beach, California 90814
2Beds
1Bath
922Sqft
2,600Lot
Year Built
1923
Close
-
List price
$899K
Original List price
$1.1M
Price/Sqft
$975
HOA
-
Days on market
-
Sold On
-
MLS number
PW25193674
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(4th), sqft - 922(15th), beds - 2(35th), baths - 1(27th).

Turnkey 2-bedroom, 1-bathroom Craftsman with timeless charm and proven income potential. Currently a 4.9-star Superhost Airbnb, it’s a successful short-term rental and equally ideal for an owner-occupant seeking the coastal Long Beach lifestyle. Just one block from the Colorado Lagoon and minutes to 2nd Street, the home offers a prime location with classic Craftsman details, modern updates, and a private yard perfect for relaxing or entertaining. The city-approved Lagoon redevelopment will only enhance future appeal, while major events like the Long Beach Grand Prix, 2026 World Cup, and 2028 Olympics fuel consistent demand. Whether you’re looking for a cozy residence, a high-performing rental, or both—this Craftsman gem delivers.

Price History

Date
Event
Price
12/05/25
Price Change
$899,000-7.8%
10/29/25
Price Change
$975,000-2.4%
10/12/25
Price Change
$999,000-4.9%
09/23/25
Price Change
$1,050,000-4.5%
08/27/25
Listing
$1,100,000
02/24/22
Sold
$790,000
04/20/09
Sold
$449,000
09/11/98
Sold
$220,000
Condition Rating
Excellent
Despite being built in 1923, this Craftsman home has undergone extensive and recent modern updates, making it feel virtually new inside. The kitchen features new white shaker cabinets, modern black hardware, white quartz countertops, subway tile backsplash, and new stainless steel appliances, all in excellent condition. The bathroom is also very clean and well-maintained with updated fixtures and wainscoting. Throughout the home, there is consistent light wood-look flooring, fresh white paint, and modern light fixtures/ceiling fans. The property is presented as 'turnkey' and a '4.9-star Superhost Airbnb,' indicating a high standard of recent renovation and maintenance, aligning with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Prime Location: Situated just one block from the Colorado Lagoon and minutes from 2nd Street, offering a highly desirable coastal Long Beach lifestyle in Belmont Heights.
Proven Income Potential: Currently operating as a 4.9-star Superhost Airbnb, demonstrating a successful and established short-term rental income stream.
Versatile Use: Equally appealing for an owner-occupant seeking a charming residence or an investor looking for a high-performing rental property.
Timeless Charm & Modern Updates: A classic Craftsman home featuring original architectural details combined with modern updates, offering a turnkey living experience.
Future Appreciation & Demand Drivers: Benefiting from the city-approved Lagoon redevelopment and proximity to major events (Grand Prix, World Cup, Olympics) that will fuel consistent demand and enhance future appeal.

Cons

Limited Size: With only 2 bedrooms and 1 bathroom across 922 sqft, the property may be too small for larger families or those requiring more living space.
Age of Property: Built in 1923, the home may require ongoing maintenance for older systems and components, which could incur additional costs for a buyer.
Significant Price Reductions: Multiple price drops from the original list price of $1.1M to $899K could indicate initial overpricing or market resistance, potentially affecting perceived value.

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