701 E Willow Street, Signal Hill, California 90755, Signal Hill, 90755 - 2 bed, 1 bath

ACTIVE$565,000
701 E Willow Street, Signal Hill, California 90755
2Beds
1Bath
846Sqft
2,566Lot
Year Built
1925
Close
-
List price
$565K
Original List price
$565K
Price/Sqft
$668
HOA
-
Days on market
-
Sold On
-
MLS number
PW24164057
Home ConditionPoor
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $565.0K(11th), sqft - 846(22th), beds - 2(39th), baths - 1(39th).
Single Family Residence at corner of E. Willow and Lime in Signal Hill. Large back-yard has potential for building an ADU.
Price History
Date
Event
Price
10/09/25
Sold
$430,000
08/26/25
Price Change
$565,000-5.7%
08/13/25
Price Change
$599,000+6.0%
08/08/24
$565,000
Condition Rating
Poor
Built in 1925, this property is nearly 100 years old. While the exterior appears to have a fresh coat of paint, there are no interior images provided, which is a significant red flag for a home of this age. The absence of photos for the kitchen and bathroom strongly suggests these areas are severely outdated, likely original or last renovated many decades ago, requiring substantial repairs and rehabilitation to meet modern standards. Major systems (plumbing, electrical, HVAC) are also highly likely to be at the end of their lifespan or non-existent, making the property uncomfortable or potentially unsafe without significant investment. The description's emphasis on 'potential for building an ADU' further implies that the value is largely in the land and redevelopment potential, rather than the existing structure's condition.
Pros & Cons
Pros
ADU Potential: The property features a large backyard explicitly noted for its potential to build an Accessory Dwelling Unit (ADU), offering significant value-add for rental income or expanded living.
Desirable Location: Located in Signal Hill, a highly sought-after Southern California city known for its elevated views, community charm, and convenient access to amenities.
Corner Lot Advantage: Positioned on a corner lot, providing enhanced natural light, increased privacy, and a more expansive feel compared to interior parcels.
Single-Family Home: As a detached single-family residence, it offers greater privacy, autonomy, and potential for appreciation compared to attached housing types.
Reputable School District: Situated within the Long Beach Unified School District, a well-regarded system that adds appeal for families and contributes to long-term property value.
Cons
Compact Living Space: With only 846 square feet, the interior living space is relatively small for a single-family home, which may limit comfort or future expansion options without an ADU.
Historic Property Age: Built in 1925, the home's age suggests potential for outdated systems (plumbing, electrical) and deferred maintenance, which could necessitate significant upgrades or repairs.
Single Bathroom Configuration: The presence of only one bathroom for a two-bedroom home can be a functional limitation, potentially impacting convenience for residents or resale appeal.
