
Long Beach, California 90815
This Residential Care Facility (RCFE) Asset represents a High-Potential Investment Opportunity, listed at $1,795,000—positioned above the $1,572,474 Fair Market Value. While priced at a premium, the property generates a robust $50,435 in gross monthly revenue, offering immediate cash flow. Featuring a Condition Rating of 3, the facility includes updated flooring and remodeled bathrooms within a 2,060 sqft layout. Located in the desirable Artcraft Manor area, this turnkey operation is an ideal acquisition for Buy-and-Hold Investors or Owner-User Operators seeking a stable, income-producing 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 | 0 | 0 | 2,060 | $763 | - |
A 1949 Chatwin Avenue Sold | $1,365,000 | 3 | 3 | 1,784 | $765 | 0.9 mi |
B 2158 Rutgers Avenue Sold | $1,540,000 | 4 | 3 | 2,307 | $668 | 0.5 mi |
C 2039 Rutgers Sold | $1,290,000 | 3 | 2 | 1,393 | $926 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1943, the property is described as well-maintained with remodeled bathrooms and updated flooring. As an active residential care facility generating significant revenue, the systems and interior are functional and move-in ready, consistent with a 5-15 year renovation cycle.
The sale includes an established and operating Residential Care Facility for the Elderly (RCFE) generating approximately $50,435 in gross monthly revenue, providing immediate cash flow.
Situated in the highly desirable Los Altos/Artcraft Manor area of East Long Beach, the property offers excellent proximity to CSULB, major freeways, and local amenities.
The single-story residence features a spacious 2,060 sqft layout with remodeled bathrooms and updated flooring, specifically optimized for assisted-living or versatile residential use.
As a specialized business opportunity, the property may have a more limited buyer pool compared to traditional single-family residences due to the specific licensing and operational requirements.
Built in 1943, the property may require more frequent maintenance or future updates to its core structural systems compared to newer developments in the area.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,060 | 1,540 | 83% |
| Lot Size | 6,340 | 6,177.5 | 56% |
| Price | $1.79M | $1.15M | 91% |
| Price per sq ft | $871 | $763 | 82% |
| Built year | 1943 | 1953 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 133 | 4% |
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