tomo logo

$869,000

Beds
3
Baths
2.0
sq ft
1,668

1925 Lemon Ave, Long Beach, CA 90806

1925 Lemon Ave

Long Beach, CA 90806

  • 18 days on market
Prime Investment Opportunity – High-Return Property with Rental Potential NEW Remodeled House. Whether you're seeking a great investment or a lovely place to call home, this charming Long Beach house offers both. With potential for an ADU in the backyard, this property has been tastefully upgraded to provide a comfortable and stylish living environment. The main house, spanning 1,668 sq. ft., includes three bedrooms and two bathrooms on a spacious 6,505 sq. ft. lot. Enjoy a private patio and backyard, perfect for everyday living or entertaining guests. The location adds to its appeal, situated near Martin Luther King Junior Park and Pacific Coast Highway, with easy access to shops, restaurants, and surrounding areas. Plus, the 405 Freeway is just a short drive away, making regional travel a breeze. Don’t miss out on this opportunity—contact us today to schedule a showing!

Details

Property type

Single Family Residence

Est. home value

$677,910

Property condition

Fixer

Lot size

6,505 sq ft

Price per sq ft

$521

Year built

1958

Price History

08/29/2024
CRMLS

CRMLS #WS24173120

Listed
$869,000
+63.96%
10/07/2022
CRMLS

CRMLS #RS21257842

Sold
$530,000

Schools & Community

Neighborhood: 

Poly High District

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Suburban, Sidewalks

High school district: 

Long Beach Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$782,693
Asking price
$869,000
Closing costs (~8% of asking)
-$69,520
Est. remaining loan balance
-$16,787
Cash to seller
$782,693

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

National Pacific Mtg

Loan start date

April 1997

Original loan amount

$85,000

Est. remaining balance

$16,787

Interest rate

7.56%

Loan type

Not Provided, 30 year

Seller

Horace Lee Robinson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/16/2024 at 12:15 PM

Listing updated: 09/08/2024 at 5:41 PM

Listed by: LIANG WANG, PACIFIC STERLING REALTY Phone #: (949) 222-9911

MLS: CRMLS #WS24173120

CRMLS logo

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