708 E Alta Way, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 1 bath

708 E Alta Way, Long Beach, California 90802 home-pic-0
ACTIVE$749,900
708 E Alta Way, Long Beach, California 90802
2Beds
1Bath
688Sqft
1,293Lot
Year Built
1914
Close
-
List price
$750K
Original List price
$849K
Price/Sqft
$1,090
HOA
-
Days on market
-
Sold On
-
MLS number
OC23184441
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,5 Pros. Rank: price - $749.9K(40th), sqft - 688(10th), beds - 2(40th), baths - 1(30th).

Comes fully furnished, this one-of-a-kind ULTRA rare single-family residence is located 1 block from Ocean Blvd is nestled in the highly sought after east village of downtown long beach, and is a short-term super rental. Only a few properties with this incredible location do not have an HOA, and this is one of them. 1 Car garage, interior laundry, and small outdoor patio are all parts of what makes this home unique. Remodeled kitchen, bathroom, flooring, and air conditioning are just a few of the timeless upgrades made to this home. Operate this as your new home or part-time vacation oasis it's nearly impossible to find a property like this. The title has this listed as a 2-bedroom, however, currently configured as a single-bedroom home, the doors still exist so that you can convert it back to a proper 2-bedroom. This vibrant property will become more desirable as its proximity to the ocean is outstanding.

Nearby schools

6/10
Chavez Elementary School
Public,K-50.1mi
7/10
Stevenson Elementary School
Public,K-50.3mi
7/10
International Elementary School
Public,K-50.6mi
7/10
Lincoln Elementary School
Public,K-50.9mi
5/10
Edison Elementary School
Public,K-51.1mi
7/10
Roosevelt Elementary School
Public,K-51.2mi
6/10
Franklin Classical Middle School
Public,6-80.5mi
6/10
Washington Middle School
Public,6-81.3mi
6/10
Polytechnic High School
Public,9-121.3mi
3/10
Cabrillo High School
Public,9-122.5mi

Price History

Date
Event
Price
04/18/17
Sold
$363,000
01/28/16
Sold
$291,000
08/30/10
Sold
$210,000
10/01/08
Sold
$190,000
09/19/06
Sold
$385,000
Condition Rating
Excellent

Despite being built in 1914, this property has undergone extensive and high-quality renovations, bringing its key living spaces to a virtually new condition. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and subway tile backsplash. The bathroom is equally updated with a modern vanity, subway tile shower, and contemporary fixtures. New hardwood flooring is present throughout, and air conditioning has been added. The overall aesthetic is fresh, modern, and move-in ready, with no visible deferred maintenance, aligning with the 'extensively renovated within 5 years' criteria for an excellent score.
Pros & Cons

Pros

Prime Coastal Location: Located just one block from Ocean Blvd in the highly sought-after East Village of Downtown Long Beach, offering outstanding proximity to the ocean and vibrant city life.
Income-Generating Potential: Described as a 'short-term super rental' and comes fully furnished, making it an excellent turnkey investment opportunity for vacation rentals or a part-time vacation oasis.
Recent Renovations & Modern Amenities: Features a remodeled kitchen, bathroom, flooring, and includes air conditioning, providing modern comfort in a historic home.
No HOA Fees: A rare find for properties in this desirable coastal location, offering significant savings and flexibility compared to condominium or townhome living.
Unique & Versatile Property: An 'ultra rare single-family residence' with the flexibility to be used as a primary residence or a vacation rental, and the potential to convert back to a 2-bedroom layout.

Cons

Overpriced Relative to Market Estimation: The current list price of $749,900 is significantly higher (17% above) the estimated value of $614,945, suggesting it may be overvalued in the current market.
Small Square Footage & Lot Size: At 688 sqft with a 1293 sqft lot, the property is quite small, which may limit appeal for some buyers or families.
Current 1-Bedroom Configuration: Although titled as a 2-bedroom, it's currently configured as a 1-bedroom, requiring additional effort and potential cost for conversion back to a 2-bedroom layout.

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