Here are the 5 cheapest homes in Long Beach • Long Beach Post News

If things hadn’t gone crazy in the local real estate market – if inventory was higher, if interest rates weren’t so hospitable, if investors hadn’t been snapping up homes in droves to just sit on them or rent them out while watching them appreciate by 15% or more each year, if coastal living wasn’t so appealing – then maybe couples with a family income of $100,000 per year could afford a decent house in a decent neighborhood for well under $500,000 and people earning less could still buy off the market with some concessions in location and house size.

But it’s a house hunter’s version of California Dreamin’. Last week I wrote about how entry-level homes in East Long Beach are selling near and sometimes above the million dollar mark. If that wasn’t depressing enough for people looking to buy a home in Long Beach, it’s equally frustrating to see prices for the city’s cheapest single-family homes on the market as of Jan. 11.

A home on West 33rd Street is listed at $399,000. Photo of the ad.

Topping (or bottom, depending on how you look at it) the list of cheapest homes in town is this two-bedroom, one-bathroom home at 1220 W. 33rd St. on the Westside. It is listed by Daniel Taylor of Crem Group for $399,000. You’ll often see the words “comfortable” and “potential” in these listings and even “spacious” even though none of these homes are 1,000 square feet. And, yes, they’re comfortable in that there’s little room to actually separate you from the person you’re living with. As for the potential? Undeniably. Even a vacant lot has a lot of potential.

This home measures 816 square feet and is relentlessly paneled in dark wood. The kitchen cabinets are also dark. The potential here is to get your brushes and rollers out and brighten up the place.

This house, qualified as a craftsman, is on the market at $499,000. Photo of the announcement.

Next up is a really comfortable one-bedroom, one-bathroom home with 548 square feet of living space at 2607 E. 11th St. It’s the closest home to the beach in this group of houses, located in the old Eastside (not to be confused with the East End/East Long Beach, it’s a bit south of the Zaferia area and north of Rose Park.

The 1923 house listed by real estate agent Christine Cheng for $499,000 and she is referred to as craftsman, which extends this architectural style beyond its commonly accepted definition.

It has hardwood floors, a yard suitable for a small dog and a laundry room.

My favorite of the bunch is this California bungalow on Warren Avenue, listed at $499,900. Photo of the announcement.

Closing in on the half-million mark is a one-bedroom, one-bath bungalow-style home at 1381 Warren Ave. in Cambodia Town. Listed by realtor Kris Sujan at $499,900, this home is my favorite of the bunch. It has lovely curb appeal, a modern kitchen, lovely bedrooms (one is a “bonus room” which has been used as a bedroom) and a bright and airy living room.

It also has a large backyard and a long driveway leading to the garage.

This Westside home on West 20th Street is on the market at $499,999. Photo of the announcement.

You can’t get closer to $500,000 without pennies and a quarter than this home at 1420 W. 20th St. that’s listed by Mary Edwards for $499,999. The two-bed, one-bath Westside home is a few blocks from Admiral Kidd Park and Cabrillo High. It’s 800 square feet. The listing description (again big on ‘potential’) suggests the house just needs ‘a little work’. I’ve done a bit of work before, but I don’t think I would want to tangle with this place. The front needs work, the back needs work, at least one side needs work, the bathroom could use some improvement, but the living room looks pretty good. Still, it wouldn’t be on my shopping list.

The most expensive cheapest home is in North Long Beach at 6567 Obispo Ave. It is listed at $519,900. Photo of the ad.

For our latest (relatively) inexpensive home, we jumped $20,000 to $519,900, the asking price for this two-bed, one-bath home at 6567 Obispo Ave. in North Long Beach, right next to Ramona Park and a short walk to Rally’s, McDonald’s and Wienerschnitzel. This is going to be the source of a lot of preprandial arguments.

Listed by Realtor Antonio Lanz of Century 21, the home’s 872 square feet of living space leaves plenty of room on its 5,639 square foot lot. There is your potential right there.

Are these houses likely to be worth much more money in the near future. Probably not much, unless you’re building them to something close to their full potential, and it would help if your neighbors would pitch in and spruce up their properties as well. Plus, a little well-meaning gentrification wouldn’t hurt.

Meanwhile, the best thing about owning a home, even at the bottom of the market, is that your rent won’t go up.