486 E Adair, Long Beach, CA — listing photo 1
1 / 23
FOR SALE

486 E Adair

Long Beach, CA 90805
6,089 Lot Sq Ft
Built 1939
$1,539,000
Price ReducedWas $1,598,000 — $1,539,000 (-$59,000)

Property Overview

(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

Home Details

Property type
Residential Income - Triplex
Year built
1939
Lot size
6,089 sq ft
Stories
2
Days on market
114
MLS status
Active
Architectural style
Cottage,Ranch

Features & Amenities

Interior

  • Ceiling Fans

Appliances

  • Dishwasher
  • Gas Range

Parking

  • None

Pool

  • None

Lot

  • Corner Lot

Community, Schools & Utilities

Community

Subdivision
North Long Beach (NLB)
View
None

Utilities

Heating
Electric
Cooling
None
Water
Public
Sewer
PublicSewer
Browse more homes for sale in Long Beach

Location & Neighborhood

486 E Adair

Long Beach, CA 90805

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 486 E Adair

Property type: Residential Income

The current asking price is $1,539,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 486 E Adair. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1939. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 114 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

Enquiry form loads as you reach this section.

Listing Agent

Name: Nhat Nguyen
MLS ID: PWNGUNHA

Available property

$1,539,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.