1490 Gundry, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This 4-unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,050,000—positioned well above the $1,010,036 Fair Market Value by -3%. Featuring a versatile unit mix and four individual garages, the property maintains a Condition Rating of 4, indicating a dated interior that invites cosmetic value-add potential. Its 1979 construction offers a structural advantage over older local stock. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing multifamily property in a high-density urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1490 Gundry Subject | $1,050,000* List Price | 0 | 0 | 2,464 | $400 | - |
A 1770 Walnut Sold | $950,000 | 0 | 0 | 2,600 | $365 | 0.3 mi |
B 826 Gaviota Sold | $1,190,000 | 0 | 0 | 3,119 | $382 | 0.6 mi |
C 1105 Cherry Ave Sold | $880,000 | 0 | 0 | 2,059 | $427 | 0.5 mi |
D 911 E 10th Street Sold | $1,072,000 | 0 | 0 | 3,200 | $335 | 0.6 mi |
E 1111 Walnut Active | $924,000 List Price | 0 | 0 | 2,064 | $448 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property exceeds the 20-year threshold for 'Fair' condition. While described as well-maintained, the exterior shows dated architectural elements and original-style wood balconies. Without evidence of recent renovations to kitchens, bathrooms, or HVAC systems, the property is classified as dated and likely requires minor repairs or cosmetic updates to achieve modern market standards.
The property features a versatile configuration of one 2-bedroom and three 1-bedroom units, providing strong rental appeal and flexibility for an owner-user or investor.
The inclusion of four individual one-car garages is a significant value-add in the high-density Downtown Long Beach area, where off-street parking is at a premium.
Built in 1979, this building is newer than much of the surrounding vintage housing stock, likely offering more modern plumbing, electrical systems, and structural standards.
With a total of 2,464 square feet distributed across four units, the average living space per unit is relatively small, which may limit the ability to achieve top-tier market rents.
Located in a densely populated downtown submarket, the property may face more intensive management requirements and higher noise levels compared to quieter residential neighborhoods.
This well-maintained 4-unit income property offers an attractive unit mix consisting of one spacious 2-bedroom, 1-bath unit and three comfortable 1-bedroom, 1-bath units, providing strong rental appeal for a variety of tenants. Each unit is thoughtfully designed to maximize living space and functionality. The property also features four individual one-car garages, offering valuable off-street parking and additional convenience for residents. With its desirable unit configuration, garage parking, and solid income-producing potential, this property presents an excellent opportunity for both investors and owner-users seeking a well-located and versatile multifamily asset
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,464 | 2,100 |
| Lot Size | 6,410 | 5,077.5 |
| Price | $1.05M | $1.14M |
| Price per sq ft | $426 | $519 |
| Built year | 1979 | 1950 |
| HOA | $0 | $0 |
| Days on market | 43 | 68 |
Jun 9, 2026
$1,050,000
Initial Listing
Oct 19, 2012
$410,000
Public Record