486 E Adair Long Beach, CA $ 1,598,000
486 E Adair
$ 1,598,000
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486 E Adair

Long Beach, CA, 90805
$ 1,598,000
Baths1.0 Sq 2,800

Monthly Estimate*

$ 9,839

Listed by Villa Real Estate Partners Inc
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,598,000 with 1 full bath. This 2,800 square foot home was built in 1939 on a lot size of 0.1398.

(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. 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

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Multi-Family Active

Price

$ 1,598,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1398

Year Built

1939

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26096551

Days on Market

13

Features
General
Sewer Public Sewer
Heating Electric
Cooling None
Utilities Electricity Available Natural Gas Available
Possession Close Of Escrow
Roof Asphalt
Appliances Dishwasher Gas Range
HOA Fee 0
Garage Spaces 0
Architectural Style Cottage Ranch
Pool Features None
Construction Materials Asphalt Lap Siding
Year Built 1939
Tenant Pays All Utilities Electricity Gas
View None
Stories Count 1
Levels One Multi/Split
Property Subtype Triplex
Gross Income 8900
Community Features Stable(s) Sidewalks
County Los Angeles
Net Operating Income 300
Operating Expense 300
Insurance Expense 2600
New Construction false
Property Type Residential Income
HOA false
Contingency PRIVATE REMARKS: Buyer(s) and/or its Representative(s) are required to perform any and all due diligence regarding the property and are advised to check with the city regarding permits to satisfy any concerns. The information herein has been secured from sources we believe to be reliable but representations or warranties expressed or implied as to the accuracy of references including but not limited to square footage land lines/boundaries age are approximate. Buyer takes responsibility for all information and bears all risk for any inaccuracies.
Subdivision Name North Long Beach (NLB)
Facing Direction North
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Off Atlantic to property
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area 7 - North Long Beach
Lot Size Units Square Feet
Lot Size Square Feet 6089
Number of Units Leased 4
Listing Terms Cash Conventional 1031 Exchange Fannie Mae
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Current Financing Conventional
Property Condition Turnkey
Trash Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 46
Total Actual Rent 8900
Property Sub Type Additional Triplex
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Laminate
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features None
Lot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Area 6089
Foundation Details Concrete Perimeter
Number of Buildings 3
Spa false
Building Area Total 2800
Lot Size Acres 0.1398
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Villa Real Estate Partners Inc

Broker

nhat450@yahoo.com

Email

Affordability Calculator

$9,839
Per Month
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Monthly Principal & Interest
$9,839
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/4/2026$1,598,000 Listed Price

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486 E Adair, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,598,000 with 2,800 sqft and a lot size of 0.1398. 486 E Adair is a studio with 1.0 baths and was built in 1939. The property's zip code is 90805 which is in Long Beach, CA