45 E 69th Way, Long Beach, California 90805, Long Beach, 90805 - bed, bath
45 E 69th Way
Long Beach, California 90805
Property Price
SUMMARY
Analysis of 45 E 69th Way, Long Beach, California 90805 is currently available with a list price of $1,150,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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 The interior images reveal outdated kitchens with aged cabinetry and appliances, along with bathrooms featuring vintage tiling and fixtures from several decades ago.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.
PROSSTRENGTHS & OPPORTUNITIES
- High Yield Potential
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.
- Strategic Location
Conveniently situated near Compton College, schools, shopping centers, and major freeways, the property is well-positioned to attract and retain a steady tenant base.
- Value-Add Opportunity
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.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1953, the property may require substantial capital expenditure for modernization and maintenance of older structural systems.
- Market Positioning
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.
About 45 E 69th Way
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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1953
- Lot Size
- 7,352 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 | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1953 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 21, 2026
$1,150,000
$1,300,000
-12% Price Drop
Initial Listing
Price Change
Feb 9, 2026
$1,300,000
Initial Listing
Sold
Jan 30, 1995
$115,000
Public Record
Sold
Sep 14, 1993
$25,000
Public Record