
Long Beach, California 90815
This property presents a High-Potential Investment Opportunity, listed at $1,795,000—positioned well above the $1,526,993 Fair Market Value by -17%. Currently operating as an established RCFE business, this 6-bed, 3-bath asset includes existing goodwill and operational infrastructure. With a Condition Rating of 3, the facility features updated flooring and remodeled bathrooms, providing a stable, income-producing foundation in the desirable Artcraft Manor/Los Altos area. This is an ideal acquisition for Buy-and-Hold Investors or Owner-User Operators seeking a turnkey residential care business.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4622 E Cervato Subject | $1,795,000* List Price | 6 | 3 | 2,060 | $740 | - |
A 2171 Stearnlee Sold | $1,330,000 | 4 | 3 | 1,770 | $751 | 0.6 mi |
B 5451 E Daggett Active | $1,499,000 List Price | 4 | 3 | 2,255 | $665 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1943, the property has been significantly updated to operate as a residential care facility. The listing confirms remodeled bathrooms and updated flooring, and the exterior shows modern improvements such as vinyl windows and stone veneer, placing it in the well-maintained, move-in ready category typical of a 5-15 year renovation cycle.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
Residential Care Facility for the Elderly (RCFE) Business Opportunity Included in Sale Price: This established and currently operating private-pay assisted living facility presents a unique opportunity for owner-users and investors alike. The existing RCFE business operation, including business goodwill, furnishings, operational components, and existing business assets, is included in the sale price unless otherwise specified. The facility is currently generating approximately $50,435.00 in gross monthly revenue. Buyer to request and independently verify all financial information, licensing requirements, zoning regulations, transfer requirements, operational matters, as part of their due diligence. Located in the highly desirable Artcraft Manor/Los Altos area of East Long Beach, this well-maintained single-story residence offers a spacious and functional floor plan on a generously sized residential lot. Featuring approximately 2,060 square feet of living space situated on a 6,340 square foot lot, the property showcases attractive curb appeal, an expansive driveway, and a warm residential setting. Interior features include spacious living and gathering areas, updated flooring, remodeled bathrooms, abundant natural light, and flexible room configurations designed to accommodate a variety of residential or assisted-living uses. The practical layout provides comfort, functionality, and versatility. Ideally located near California State University, Long Beach, shopping, dining, parks, golf courses, and convenient access to major transportation corridors including the Interstate 405, Interstate 605, and State Route 22. Rare opportunity to acquire an income-producing residential care operation together with real property in one of East Long Beach's most desirable and established neighborhoods
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,060 | 1,519.995 |
| Lot Size | 6,340 | 5,807.524 |
| Price | $1.79M | $1.03M |
| Price per sq ft | $871 | $728 |
| Built year | 1943 | 1948 |
| HOA | $0 | $259 |
| Days on market | 113 | 48 |
May 19, 2026
$1,795,000
Initial Listing
Aug 18, 2017
$650,000
Public Record
Mar 26, 2001
$265,000
Public Record
Mar 26, 2001
$225,000
Public Record