5214 E Peabody, Long Beach, California 90808, Long Beach, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$875,000
5214 E Peabody, Long Beach, California 90808
4Beds
2Baths
1,845Sqft
5,863Lot
Year Built
1947
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
RS25225761
Home ConditionPoor
Features
Patio
View-

About this home

Imagine pulling up to a property with 4 bedrooms and 2 baths, 1,845 square feet of raw potential, a detached garage off a long driveway, and a backyard that’s decent enough to dream big. This is more than just a fixer-upper; it’s a chance to shape something unique. The layout offers generous space and a solid footprint, waiting for someone with creativity to reimagine walls, finishes, and style. While cosmetic updates and mechanical work are likely in the cards, the opportunities for value are substantial. Located in a quiet, desirable neighborhood with easy access to schools, shopping, and transit, this home sits tucked into a tranquil block with friendly neighbors. Whether you’re an investor, a DIY enthusiast, or someone simply looking for a project with reward, this one’s worth a second look. More photos and a full tour are coming soon — get ready, because this won’t stay under the radar for long.

Nearby schools

6/10
Burcham Elementary School
Public,K-50.5mi
8/10
Carver Elementary School
Public,K-50.8mi
8/10
Henry K-8
Public,K-51.2mi
8/10
Marshall Academy Of The Arts
Public,6-80.9mi
5/10
Lakewood High School
Public,9-121.1mi
7/10
Millikan High School
Public,9-121.6mi

Price History

Date
Event
Price
10/03/25
Listing
$875,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (154 Listings)
Beds43
68%
Baths22
50%
Square foot1,8451,513
77%
Lot Size5,8635,600
61%
Price$875K$1.06M
10%
Price per square foot$474$719
5%
Built year19471951
23%
HOA
Days on market32156
1%
Condition Rating
Poor

Built in 1947, this property is explicitly described as a 'fixer-upper' requiring 'cosmetic updates and mechanical work.' The kitchen features very dated tiled countertops, older wood cabinets, linoleum flooring, and an outdated fluorescent light fixture, despite having newer stainless steel appliances. The bathroom also shows significant age with an older vanity, dated light fixture, and basic tiled flooring. Other areas exhibit worn carpets and signs of deferred maintenance, such as peeling paint in the laundry area. The overall condition indicates a need for substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons

Pros

Significant Value-Add Potential: Explicitly marketed as a 'fixer-upper' with 'raw potential' and 'substantial opportunities for value,' appealing to investors and those seeking customization.
Desirable & Convenient Location: Situated in a 'quiet, desirable neighborhood' with 'easy access to schools, shopping, and transit,' enhancing long-term appeal and quality of life.
Spacious Layout & Solid Footprint: Offers a generous 1,845 sqft with 4 bedrooms and 2 bathrooms, providing a solid foundation for renovation and comfortable living space.
Detached Garage & Ample Parking: A detached garage and long driveway provide valuable parking, storage, and potential for future expansion or ADU conversion (subject to local regulations).
Access to Highly-Rated Schools: Proximity to several well-regarded public schools (e.g., Henry K-8, Carver Elementary, Marshall Academy, Lakewood High) is a strong draw for families.

Cons

Extensive Renovation Required: The property clearly needs 'cosmetic updates and mechanical work,' indicating a significant financial and time investment for repairs and modernization.
Potential for Overpricing: The current list price of $875,000 is notably higher than the estimated value of $838,362.625, suggesting it may be priced above its current 'as-is' market value.
Older Infrastructure: Built in 1947, the home likely has aging systems (plumbing, electrical, HVAC) that will require inspection, repair, or replacement, adding to renovation costs.

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