$1,539,000
24 bd · 16 ba · · 6,090 sqft lot
486 E Adair St, Long Beach, CA 90805
Multi-family · Built 1939 ·
$9,426/mo est. payment
- Stories
- 2
Flood factor 5/10
About this home
(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. Total rental income Annually all 4 units $107,700.00 The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION
Facts and features
Bedrooms
- Bedrooms: 24
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 16
Interior Features
- Ceiling fan(s)
- Flooring: Laminate
Appliances
- Gas range
- Dishwasher
- Laundry Features: Common Area
Other Rooms
- Kitchen
- Living room
Heating and Cooling
- Heating Features: Electric
- Heating: Yes
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: Corner Lot
- Lot Size Acres: 0.1398
- Lot Size Source: Public Records
- Lot Size Square Feet: 6089
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Schools
- 3
Jordan High School
high · 9-12 · 0.6 mi
- 4
Powell Academy For Success
elementary · K-8 · 1.0 mi
Gethsemane Baptist Christian
elementary · K-12 · 0.5 mi
St. Athanasius Elementary School
elementary · K-8 · 0.7 mi
- 4
Grant Elementary School
elementary · K-5 · 0.7 mi
Spectrum Center- Long Beach Middle Market Street
elementary · 2-12 · 0.7 mi
Price history
- Sep 23, 2026 · Price Changed$1,539,000
- Sep 1, 2026 · Relisted$1,549,800
- Aug 5, 2026 · Listing Removed—
- May 4, 2026 · Listed$1,598,000
- Mar 6, 2026 · Sold$1,480,000
- Apr 26, 2023 · Listing Removed—
- Jan 24, 2023 · Relisted$1,400,000
- Jan 11, 2023 · Listing Removed—
Tax history
- 2025$14,263 tax · $1,076,133 assessed
- 2024$13,656 tax · $1,055,035 assessed
- 2023$13,425 tax · $1,014,069 assessed
- 2022$11,722 tax · $922,386 assessed
- 2021$11,488 tax · $904,300 assessed
- 2020$8,008 tax · $616,284 assessed
- 2019$7,780 tax · $593,028 assessed
- 2018$3,915 tax · $283,652 assessed
Home value
$1,524,000
- Collateral Analytics$1,524,000
- Quantarium$1,444,357
Where it is
Listed by Nhat Nguyen · Van Thien Tran, Broker · CRMLS
