836 Atlantic Avenue, Long Beach, California 90813, Long Beach, 90813 - 5 bed, 3 bath
ACTIVE$1,050,000
836 Atlantic Avenue, Long Beach, California 90813
5Beds
3Baths
2,047Sqft
7,492Lot
Year Built
1901
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
PW25076937
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.05M(88th), sqft - 2047(88th), beds - 5(94th), baths - 3(88th).
Single story single family residence in Downtown Long Beach, Property is currently used as a sober living facility but deliverable vacant at close of escrow. Plenty of parking including RV parking with back alley entrance and plenty of room to add on. Located adjacent to Alamitos Beach and all of Long Beach's amenities within blocks of restaurants, shops, the Pike, Queen Mary, Convention Center and The Aquarium. Property can be sold as a single property or included with 824 and 830 Atlantic which can be combined and built all together.
Condition Rating
Tear down
Built in 1901, this property shows no evidence of major renovations in many decades. The images reveal an extremely outdated kitchen with old appliances, worn laminate countertops, and mismatched cabinetry, along with very basic and dated bathrooms. The overall condition is utilitarian and worn, consistent with its current use as a sober living facility. The listing emphasizes the large lot and potential for redevelopment, suggesting the existing structure's value is primarily in the land, aligning with the 'tear-down' criteria for properties over 50 years old with no major renovations and whose value is based on land and redevelopment potential.
Pros & Cons
Pros
Exceptional Location: Situated in Downtown Long Beach, adjacent to Alamitos Beach, offering unparalleled access to urban amenities, entertainment, and the waterfront.
Significant Development Potential: Features a large 7,492 sqft lot with 'plenty of room to add on' and the unique possibility to combine with adjacent parcels (824 and 830 Atlantic) for larger-scale development.
Flexible Occupancy: Deliverable vacant at close of escrow, providing immediate flexibility for a new owner to occupy, renovate, or redevelop without tenant issues.
Ample & RV Parking: Offers rare and valuable 'plenty of parking including RV parking with back alley entrance' in a dense urban setting, a significant advantage.
Investment Opportunity: The combination of prime location, large lot, and redevelopment potential makes this a strong investment for developers or those looking to capitalize on Long Beach's growth.
Cons
Advanced Age & Condition: Built in 1901, the property is over a century old, likely requiring extensive and costly renovations, upgrades, or even a complete redevelopment to modernize or meet current standards.
Previous Commercial Use: Its current use as a sober living facility, while deliverable vacant, may necessitate specific zoning considerations, permits, or extensive interior modifications to convert to a traditional single-family residence or other uses, potentially incurring additional costs and delays.
Pricing Discrepancy: The list price of $1,050,000 is significantly higher than the estimated property value of $654,239.515, indicating a potential overvaluation or that the list price reflects speculative development potential not fully captured by standard valuations.