45 E 69th Way, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This Value-Add Multi-Unit Asset is listed at $1,150,000, a valuation reflecting its significant income potential relative to the $1,011,317 Fair Market Value. This six-unit income property is a rare find with no rent control, offering a clear path to a projected 9% cap rate through strategic renovations and market-rate adjustments. With a Condition Rating of 5, the property requires infrastructure modernization to capture substantial rental upside. Located in a high-demand corridor near Compton College, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Property is extensive renovation needed.
Built in 1953, this multi-unit property is explicitly marketed as a 'value-add' investor opportunity, indicating a need for substantial rehabilitation. The interior images reveal outdated kitchens with aged cabinetry and appliances, along with bathrooms featuring vintage tiling and fixtures from several decades ago. The presence of older wall heaters, worn flooring, and aging infrastructure suggests that major systems require modernization to meet current quality standards and achieve market-rate rents.
The property offers significant investment upside with a potential 9% cap rate and current rents positioned below market value, providing a clear path to increased cash flow.
Conveniently situated near Compton College, schools, shopping centers, and major freeways, the property is well-positioned to attract and retain a steady tenant base.
As a six-unit complex with no rent control and strong fundamentals, this property presents a prime opportunity for investors to build equity through strategic renovations.
Built in 1953, the property may require substantial capital expenditure for modernization and maintenance of older structural systems.
A recent price reduction from $1.3M to $1.15M suggests the property may have faced initial challenges with valuation or buyer interest in its current condition.
Calling all investors! Don’t miss this value-add six-unit income property located in the City of Long Beach. Conveniently situated near schools, Compton College, shopping centers, and major freeways, this property offers strong fundamentals and excellent upside. No rent control, with current rents below market, providing a clear path to increased cash flow and an estimated potential nine cap rate. A solid opportunity for investors looking to grow their portfolio in a desirable rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,194 | 3,194 | 50% |
| Lot Size | 7,352 | 7,352 | 50% |
| Price | $1.15M | $1.15M | 50% |
| Price per sq ft | $360 | $360 | 50% |
| Built year | 1953 | 1956 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 203 | 33% |
Feb 21, 2026
$1,150,000
$1,300,000
-12% Price Drop
Initial Listing
Feb 9, 2026
$1,300,000
Initial Listing
Jan 30, 1995
$115,000
Public Record
Sep 14, 1993
$25,000
Public Record