4851 Faculty Avenue, Long Beach, California 90808, Long Beach, 90808 - 5 bed, 5 bath
ACTIVE$1,599,000$2,451/sqft
Est. Value: $1,459,935
-8%
AboveEstimate
4851 Faculty Avenue, Long Beach, California 90808
5Beds
5Baths
2,451Sqft
7,731Lot
Price Vs. Estimate
The estimated value ($1,459,935.08) is $139,064.92 (8%) lower than the list price ($1,599,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income Potential: The property features a main house, a permitted ADU, and a Jr. ADU, all separately metered, offering significant rental income potential.
Top Cons:
Year Built: The original house was built in 1943, which may require updates or renovations to meet modern standards and preferences.
Compared to the nearby listings
Price:$1.60M vs avg $1.06M (+$541,500)95%
Size:2,451 sqft vs avg 1,505.5 sqft93%
Price/sqft:$652 vs avg $71632%
More Insights
Built in 1943 (83 years old).
Condition: The property consists of an original house built in 1943 and two permitted ADUs built in 2023. The ADUs are new construction and would be in excellent condition. The original house is older, but the images show updated kitchens and bathrooms in all units. The property appears to be well-maintained with new HVAC systems. While the original house is older, the updates and the addition of the new ADUs bring the overall condition to good.
Year Built
1943
Close
-
List price
$1.6M
Original List price
$1.68M
Price/Sqft
$652
HOA
-
Days on market
-
Sold On
-
MLS number
PW24186849
Home ConditionGood
Features
Patio
View-
About this home
Single Family Residence with a permitted ADU and Jr. ADU. Great Lakewood Village Location. Owner can live in one unit and rent the other two units. The original house is a 3 bedroom 2 bathroom consisting of approximately 1046 square feet. The ADU is a free-standing 2 bedroom, 2 bathroom consisting of approximately 942 square feet. The Jr. ADU is a studio apartment consisting of approximately 463 square feet. All three units have separate entrances, fenced yard areas, new HVAC systems and separately metered utilities. The ADU and Jr. ADU were built with permits in 2023.
P
Paul Phillips
Listing Agent
Nearby schools
7/10
Twain Elementary School
Public,•K-5•0.5mi
8/10
Holmes Elementary School
Public,•K-5•0.7mi
6/10
Burcham Elementary School
Public,•K-5•1.9mi
7/10
Bancroft Middle School
Public,•6-8•0.6mi
6/10
Gompers K-8
Public,•K-8•0.9mi
8/10
Marshall Academy Of The Arts
Public,•6-8•2.2mi
5/10
Lakewood High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
11/28/12
Sold
$399,000
08/26/04
Sold
$550,000
Condition Rating
Good
The property consists of an original house built in 1943 and two permitted ADUs built in 2023. The ADUs are new construction and would be in excellent condition. The original house is older, but the images show updated kitchens and bathrooms in all units. The property appears to be well-maintained with new HVAC systems. While the original house is older, the updates and the addition of the new ADUs bring the overall condition to good.
Pros & Cons
Pros
Income Potential: The property features a main house, a permitted ADU, and a Jr. ADU, all separately metered, offering significant rental income potential.
New HVAC Systems: All three units have new HVAC systems, reducing immediate maintenance concerns and potentially lowering utility costs for tenants.
Separate Entrances and Yards: Each unit has its own entrance and fenced yard area, providing privacy and enhancing the appeal to potential renters.
Cons
Year Built: The original house was built in 1943, which may require updates or renovations to meet modern standards and preferences.
Lot Size: The lot size of 7,731 sqft might be considered small for a property with three separate units, potentially limiting outdoor space and parking.