4622 E Cervato
Long Beach, CA, 90815 $ 1,795,000
Baths0.0 Sq 2,060 Monthly Estimate*
$ 11,052
Listed by Realty Executives All Cities
Studio for $1,795,000. This 2,060 square foot home was built in 1943 on a lot size of 0.1455.
Residential Care Facility for the Elderly (RCFE) Business Opportunity Included in Sale Price: This established and currently operating private-pay assisted living facility presents a unique opportunity for owner-users and investors alike. The existing RCFE business operation, including business goodwill, furnishings, operational components, and existing business assets, is included in the sale price unless otherwise specified. The facility is currently generating approximately $50,435.00 in gross monthly revenue. Buyer to request and independently verify all financial information, licensing requirements, zoning regulations, transfer requirements, operational matters, as part of their due diligence. Located in the highly desirable Artcraft Manor/Los Altos area of East Long Beach, this well-maintained single-story residence offers a spacious and functional floor plan on a generously sized residential lot. Featuring approximately 2,060 square feet of living space situated on a 6,340 square foot lot, the property showcases attractive curb appeal, an expansive driveway, and a warm residential setting. Interior features include spacious living and gathering areas, updated flooring, remodeled bathrooms, abundant natural light, and flexible room configurations designed to accommodate a variety of residential or assisted-living uses. The practical layout provides comfort, functionality, and versatility. Ideally located near California State University, Long Beach, shopping, dining, parks, golf courses, and convenient access to major transportation corridors including the Interstate 405, Interstate 605, and State Route 22. Rare opportunity to acquire an income-producing residential care operation together with real property in one of East Long Beach's most desirable and established neighborhoods
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1943
View None
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 605220
Community Features Sidewalks
County Los Angeles
Net Operating Income 225420
Operating Expense 379800
Insurance Expense 7950
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Los Altos/South of Fwy (LSF)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions STEARN AND COYOTES
City Long Beach
Entry Location FRONT
Senior Community Y/N false
Number Of Units Total 6
MLS Area 34 - Los Altos X-100
Lot Size Units Square Feet
Lot Size Square Feet 6340
Number of Units Leased 6
Listing Terms Cash to Existing Loan
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 7200
Fuel Expense 0
Trash Expense 3210
Water Sewer Expense 4560
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 124
Total Actual Rent 50435
Property Sub Type Additional Single Family Residence
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InteriorInterior Amenities All Bedrooms Down
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Entry Level 1
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ExteriorLot Features 0-1 Unit/Acre
Water Source Public
Total Parking 2
Lot Size Area 6340
Number of Buildings 1
Building Area Total 2060
Lot Size Acres 0.1455
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByRealty Executives All CitiesBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,052
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyMulti-family listings in Long Beach, CA
Average List Price $1,897,798
Percent of Sale Price 6%
About Long Beach, CA 470,090 Population
2% Since 2002
$ 57,916 Median Income
35.78 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/19/2026 | $1,795,000 | | Listed Price |