5916 Walnut Avenue, Long Beach, California 90805, Long Beach, 90805 - 4 bed, 1 bath

5916 Walnut Avenue, Long Beach, California 90805 home-pic-0
PENDING$975,000
5916 Walnut Avenue, Long Beach, California 90805
4Beds
1Bath
1,191Sqft
5,115Lot
Year Built
1940
Close
-
List price
$975K
Original List price
$1.05M
Price/Sqft
$819
HOA
-
Days on market
-
Sold On
-
MLS number
IV25186113
Home ConditionExcellent
Features
Good View: Golf Course
Patio
ViewGolf Course

About this home

We found 3 Cons,5 Pros. Rank: price - $975.0K(55th), sqft - 1191(16th), beds - 4(74th), baths - 1(61th).

2 Vacant Houses with permits on One Lot Professionally Designed! ADU Property Opportunity in the city of Long Beach, Main House is a 3 Bedroom 2 Bathroom house that has been FULLY RENOVATED from Top to Bottom New Interior and much more! Starting off with its massive kitchen with island all new cabinets, countertops, light and plumbing fixtures to accommodate all your families needs. Open Floor plan which includes living and dining area with all new laminate flooring throughout entire house, Laundry room has been added along with Master bath and walk-in closet everything with permits. ADU is a complete New Build from ground up, which also features an open floor plan with its own kitchen and laundry room. As you walk to the backyard you will find a beautiful New Build ADU that is perfect for any growing families wanting to live nearby or utilize this opportunity to rent out for additional income approx $3,000. ADU has all New laminate flooring throughout the home with high 9 foot tall ceilings. Enjoy your own private kitchen and laundry room along with custom bathroom cabinets and custom tile flooring design. Both the Front and Back yard have been landscaped professionally with new sprinkler system, no need to worry about parking with houses Long driveway and detached 2 car garage to accommodate more parking space. ADU has separate Electric and Gas meters but share a Water Meter with front unit. This house is ready to find a family to call it Home!

Price History

Date
Event
Price
11/20/25
Price Change
$975,000+2.6%
10/08/25
Price Change
$950,000-5.0%
09/22/25
Price Change
$999,777-2.0%
09/10/25
Price Change
$1,019,777-2.9%
08/18/25
Listing
$1,049,777
06/28/23
Sold
$1,200,000
05/19/21
Sold
$530,000
Condition Rating
Excellent

This property, consisting of a fully renovated main house and a newly built ADU, meets the 'excellent' criteria. Both units feature brand new, modern interiors, including massive kitchens with new cabinets, countertops, and stylish backsplashes, as well as updated bathrooms with contemporary vanities and tile designs. New laminate flooring in a herringbone pattern is installed throughout, and modern light fixtures are present. A new outdoor AC unit is visible, indicating updated HVAC. The extensive renovations on the main house and the new construction of the ADU mean all components are virtually new, with no deferred maintenance, despite the original 1940 build year of the main structure.
Pros & Cons

Pros

ADU Income Potential: The property includes a professionally designed ADU, offering significant rental income potential (approx. $3,000/month) or multi-generational living.
Extensive Renovations: The main house has been fully renovated from top to bottom with new interiors, including a massive kitchen, new cabinets, countertops, and laminate flooring, ensuring modern comfort.
New Construction ADU: The Accessory Dwelling Unit (ADU) is a complete new build from the ground up, featuring an open floor plan, high ceilings, and modern finishes.
Independent ADU Utilities: The ADU benefits from separate electric and gas meters, providing autonomy and simplifying utility management for potential tenants.
Enhanced Curb Appeal & Parking: Professionally landscaped front and back yards with a new sprinkler system, a long driveway, and a detached 2-car garage offer excellent curb appeal and ample parking.

Cons

Shared Water Meter: The ADU shares a water meter with the front unit, which could lead to potential billing complexities or disputes between occupants.
Age of Original Structure: While renovated, the main house was originally built in 1940, which may raise concerns about the integrity of underlying systems or components not covered by the renovation.
Recent Price Reductions: The property has undergone multiple price reductions from its original listing price, suggesting potential market resistance or an initial overvaluation.

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