8
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$419,900
Est. payment /mo
1 Bed
1 Bath
540 SqFt
Open Sat 12PM-5PM
427 E Platt Street Long Beach, CA 90805
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Open House
Sat Jan 17, 12:00pm - 5:00pm
Sun Jan 18, 12:00pm - 5:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 540 sqft
Price per Sqft $777
Subdivision North Long Beach (Nlb)
MLS Listing ID OC26008017
Bedrooms 1
Full Baths 1
Year Built 1924
Lot Size 2,260 Sqft
Property Sub-Type Detached
Property Description
Want a $250K EQUITY SPREAD + ADU GOLDMINE (AB 2533 SPECIAL)? Take a look for yourself. The property right next door - a former model match of this very home - sold for $180,000 MORE than this list price, shows online with a value close to $650,000.00 in a quiet, peaceful pocket of Long Beach, surrounded by friendly neighbors who have already done the heavy lifting. As you drive the block, youll see stunning modern remodels that prove the sky's the limit for this home. THE ASSET: A 540 sq. ft. 1BD/1BA cottage that is the ultimate "Condo Killer." Why pay an HOA fee and be told what to do? Here, you own the lot, the home, and a private backyard sanctuary. With this house, youre literally buying the lowest entry point into a high-demand zip code. THAT'S NOT ALL (THE AB 2533 ADVANTAGE): The "unpermitted" rear structure used to be a headachenow, its your pathway to wealth. Under Californias Assembly Bill 2533, the state has paved the way for homeowners to legalize existing unpermitted structures. Save yourself from spending $100k+ building from the ground up and transform it into a stunning primary retreat, home office, or You can even turn it into an ADU and let your tenant grow your net worth while paying a huge chunk of your mortgage payment. INVESTORS: The margins here are mouth-watering. A small footprint means a lightning-fast renovation. No year-long holding costs. This is the perfect "In-and-Out" flip or a "BRRRR" that will appraise through the roof. The Model Match next door proves exactly what the finished product is worth. HOMEBUYERS: Every time you buy a flipped home,
Location
State CA
County Los Angeles
Direction None
Interior
Fireplace No
Exterior
Garage Spaces 1.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 1
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 7130005023
Acceptable Financing Cash, Conventional, Exchange, VA
Listing Terms Cash, Conventional, Exchange, VA
Special Listing Condition Standard
Listed by Davis Nicart E Realty
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