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$ 419,900
Est. payment /mo
Open Sat 12PM-5PM
427 E Platt Street Long Beach, CA 90805
1 Bed
0.5 Baths
540 SqFt
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 Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 540 sqft
Price per Sqft $777
MLS Listing ID CROC26008017
Bedrooms 1
Half Baths 1
HOA Y/N No
Year Built 1924
Lot Size 2,260 Sqft
Acres 0.0519
Property Sub-Type Single Family Residence
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, you'll 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, you're 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 headache-now, it's your pathway to wealth. Under California's 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 mou
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 1.0
Pool None
View Y/N false
View None
Total Parking Spaces 1
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Schools
School District Long Beach Unified
Others
Tax ID 7130005023
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Listed by Davis Nicart • E Realty