3025 E Theresa, Long Beach, California 90814, Long Beach, 90814 - bed, bath
3025 E Theresa
Long Beach, California 90814
Property Price
SUMMARY
Analysis of 3025 E Theresa, Long Beach, California 90814 is currently available with a list price of $1,990,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1973, making it over 50 years old. While it benefits from recent improvements like a new roof and garage doors, the listing explicitly mentions 'value-add investment with upside potential in rental income' and 'unspecified interior unit condition,' suggesting that interior finishes and major systems (plumbing, electrical, HVAC) are likely original or dated and would require updates to meet current standards and maximize rental income. The exterior appears well-maintained in the image, but the interior condition points to a 'fair' rating, requiring minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Investment Opportunity
This property is explicitly marketed as a 'Prime Fourplex Investment Opportunity' in a 'thriving rental market,' offering a clear path for investors seeking residential income.
- Strong Rental Demand & Desirable Location
Situated in a 'desirable and quiet residential neighborhood' in Long Beach's Belmont Heights, the property benefits from 'strong rental demand' and a 'central location,' ensuring consistent tenant interest.
- Value-Add Potential & Income Growth
The property is highlighted as an 'excellent value-add investment with upside potential in rental income' and 'room for income growth,' appealing to investors looking to increase returns through strategic improvements.
CONSRISKS & DEFICIENCIES
- Age of Building (1973)
Built in 1973, the property is over 50 years old. While a new roof and garage doors are noted, other major systems (plumbing, electrical, HVAC) and interior finishes may be original or dated, potentially requiring significant future capital expenditure.
- Unspecified Interior Unit Condition
The description emphasizes 'value-add' potential but does not detail the current interior condition of the units. This suggests that interior renovations may be necessary to maximize rental income and tenant appeal, representing an additional cost to the investor.
- Limited Parking Information
While 'new garage doors' are mentioned, the description lacks specific details regarding the number of garage spaces or additional parking available for four units, which can be a critical factor for tenant satisfaction and property value in a dense urban area.
About 3025 E Theresa
Prime Fourplex Investment Opportunity in the Heart of the City- Discover this exceptional four-unit multifamily property perfectly situated in a desirable and quiet residential neighborhood with strong rental demand. This 4170 sq.ft. building sits on a 7501 sq.ft. lot and features spacious (1) 3bedroom, 2 bathrooms, (3) 2bedroom, two-baths units, each individually metered for gas and electricity-offering convenience and efficiency for both tenants and owners. Priced at a competitive $477 per rentable square foot, this property presents and excellent value-add investment with upside potential in rental income. Recent improvements new roof and garage doors, adding long-term durability and reduced maintenance costs. With its central location, solid fundamentals, and room for income growth, this fourplex is a great opportunity for investors seeing stability and future appreciation in a thriving rental market.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1973
- Lot Size
- 6,501 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,170 | 2,076 | 75% |
| Lot Size | 6,501 | 5,941 | 58% |
| Price | $1.99M | $1.38M | 92% |
| Price per sq ft | $477 | $639 | 25% |
| Built year | 1973 | 1942 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 119 | 221 | 17% |
Pricing History
Listed for Sale
Nov 7, 2025
$1,990,000
Initial Listing
Sold
May 9, 2002
$585,000
Public Record
Sold
Apr 6, 2001
$469,000
Public Record
Sold
Dec 7, 1999
$399,000
Public Record