4851 Faculty Avenue, Long Beach, California 90808, Long Beach, 90808 - 5 bed, 5 bath
ACTIVE$1,595,000$2,451/sqft
Est. Value: $887,541
-44%
AboveEstimate
4851 Faculty Avenue, Long Beach, California 90808
5Beds
5Baths
2,451Sqft
7,731Lot
Price Vs. Estimate
The estimated value ($887,541.01) is $707,458.99 (44%) lower than the list price ($1,595,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential: The property includes a permitted ADU and Jr. ADU, providing significant rental income opportunities or flexible multi-generational living arrangements.
Top Cons:
Age of Primary Residence: The original house was built in 1943, suggesting potential for older systems, finishes, or maintenance requirements not explicitly covered by the new ADU/Jr. ADU construction.
Compared to the nearby listings
Price:$1.59M vs avg $1.06M (+$537,500)95%
Size:2,451 sqft vs avg 1,505.5 sqft93%
Price/sqft:$651 vs avg $71632%
More Insights
Built in 1943 (83 years old).
Condition: This property presents a mixed condition. The ADU and Jr. ADU, built in 2023, are in excellent condition with modern kitchens featuring white shaker cabinets, stainless steel appliances, and contemporary bathrooms with new vanities and tiling. All three units benefit from new HVAC systems. However, the original house, built in 1943, features a dated kitchen with tiled countertops and older cabinets, and a bathroom with older tile and fixtures. While the main house's living areas and bedrooms appear well-maintained with hardwood floors and fresh paint, the kitchen and main bathroom show signs of being outdated. The significant new construction and system updates for two of the three units, combined with the main house being functional and move-in ready (despite cosmetic updates being desirable in its kitchen and bath), lead to an overall 'Good' score.
Year Built
1943
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$651
HOA
-
Days on market
-
Sold On
-
MLS number
PW25134230
Home ConditionGood
Features
Patio
View-
About this home
Single Family Residence with a permitted ADU & 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 1,046 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
This property presents a mixed condition. The ADU and Jr. ADU, built in 2023, are in excellent condition with modern kitchens featuring white shaker cabinets, stainless steel appliances, and contemporary bathrooms with new vanities and tiling. All three units benefit from new HVAC systems. However, the original house, built in 1943, features a dated kitchen with tiled countertops and older cabinets, and a bathroom with older tile and fixtures. While the main house's living areas and bedrooms appear well-maintained with hardwood floors and fresh paint, the kitchen and main bathroom show signs of being outdated. The significant new construction and system updates for two of the three units, combined with the main house being functional and move-in ready (despite cosmetic updates being desirable in its kitchen and bath), lead to an overall 'Good' score.
Pros & Cons
Pros
Exceptional Income Potential: The property includes a permitted ADU and Jr. ADU, providing significant rental income opportunities or flexible multi-generational living arrangements.
Modern Auxiliary Units: Both the ADU and Jr. ADU were newly constructed in 2023 with permits, ensuring modern standards, new HVAC systems, and separate utilities for these units.
Desirable Location: Situated in the 'Great Lakewood Village Location' in Long Beach, known for its community appeal and convenient access to amenities.
Enhanced Privacy & Independence: Each of the three units boasts separate entrances, fenced yard areas, and individually metered utilities, maximizing privacy and operational independence for occupants.
Generous Lot Size: A substantial 7,731 sqft lot provides ample space for the multiple units and their respective outdoor areas.
Cons
Age of Primary Residence: The original house was built in 1943, suggesting potential for older systems, finishes, or maintenance requirements not explicitly covered by the new ADU/Jr. ADU construction.
Complex Management: Operating a property with three distinct units (main house, ADU, Jr. ADU) may entail more complex management responsibilities for an owner-occupant or landlord compared to a traditional single-family home.
Significant Price Discrepancy: The listing price of $1,595,000 is substantially higher than the estimated property value of $887,541.01, indicating a potential overvaluation or a unique value proposition (like the ADUs) not fully captured by standard models, which could impact buyer perception and financing.