
Long Beach, California 90807
This 4-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well below the $1,418,673 Fair Market Value by 4%. This valuation gap offers $68,673 in Instant Equity. Featuring a Fair Condition Rating, the asset offers significant value-add potential through modernization. With a stable 4-unit mix and separately monetized garage parking, this property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a high-demand location in Bixby Knolls.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4445 Atlantic Avenue Subject | $1,350,000* List Price | 0 | 0 | 3,256 | $437 | - |
A 4407 Linden Avenue Active Under Contract | $1,450,000 List Price | 0 | 0 | 3,466 | $418 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was constructed in 1946 (78 years old) and the listing lacks any mention of recent renovations to kitchens, bathrooms, or core systems (HVAC/Electric). While the exterior appears functional and well-located, the age and 'investment opportunity' description suggest the units are dated and likely require cosmetic or minor system updates to meet modern standards.
Situated in the highly desirable Bixby Knolls neighborhood, the property is directly across from major retail centers and within walking distance of popular dining, entertainment, and the local Farmers Market.
The property includes four garage spaces that are separately monetized, providing a valuable ancillary income source beyond the standard residential rents.
The building consists exclusively of four 2-bedroom/1-bathroom units, which are in high demand and typically offer greater rental stability and lower turnover than smaller unit types.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7840, other record lot size in square feet = 7656.
Constructed in 1946, the property may require significant capital expenditures for maintenance or upgrades to aging electrical, plumbing, and structural systems.
Located directly on Atlantic Avenue, a major commercial corridor, the property is subject to higher noise levels and traffic congestion, which may affect tenant privacy and residential appeal.
4445 Atlantic Avenue is a 4-unit multifamily investment opportunity located in the highly desirable Bixby Knolls neighborhood of Long Beach. Constructed in 1946, the property sits on a 0.18-acre parcel and features approximately 3,256 net rentable square feet. The unit mix consists exclusively of 4 two-bed/one-bath units. Parking is provided through 4 garage spaces, creating a ratio of one garage space per unit. The parking is separately monetized, providing an additional revenue stream beyond the property’s residential rents. The property is positioned directly across Atlantic Avenue from Bixby Knolls Shopping Center, a major neighborhood retail destination anchored by Smart & Final Extra! and Marshalls, with numerous additional restaurants, retailers and service-oriented businesses. Residents are also within walking distance of ALDI and the year-round Uptown Bixby Knolls Certified Farmers Market, providing convenient access to groceries, prepared foods and other everyday necessities. Located just north of California Heights, Long Beach’s largest historic district, the property benefits from its position along the revitalized Atlantic Avenue commercial corridor. The surrounding area has developed into a popular dining and entertainment destination featuring local establishments such as Bixby Provisions, Dutch’s Brewhouse, Lola’s Mexican Cuisine, Sushi Nikkei and the longstanding Bake n Broil. The corridor is also home to the EXPO Arts Center and the monthly First Fridays Art Walk, which brings together local restaurants, retailers, artists and residents.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 3,256 | 2,300.724 |
| Lot Size | 7,840.8 | 5,277.379 |
| Price | $1.35M | $1.24M |
| Price per sq ft | $415 | $513 |
| Built year | 1946 | 1949 |
| HOA | $0 | $0 |
| Days on market | 47 | 74 |
Jul 24, 2026
$1,350,000
Initial Listing