4851 Faculty Avenue, Long Beach, California 90808, Long Beach, 90808 - bed, bath
ACTIVE$1,599,000$2,451/sqft
4851 Faculty Avenue, Long Beach, California 90808
0Bed
0Bath
2,451Sqft
7,731Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income Potential: The property is configured as a triplex (Single Family Residence + permitted ADU + permitted Jr. ADU), offering significant rental income opportunities or flexible multi-generational living arrangements.
Top Cons:
Age of Original Structure: The main house was built in 1943, suggesting potential for older systems and components that may require future maintenance or upgrades beyond the new HVAC.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1943 (83 years old).
Condition: This property features a unique blend of new construction and a well-maintained original home. The ADU and Jr. ADU, built in 2023, are in excellent condition with modern kitchens (white shaker cabinets, stainless steel appliances, quartz/solid surface countertops, subway tile backsplashes) and contemporary bathrooms (large format grey tiles, modern vanities). The original house (built 1943) has received significant updates including new HVAC systems, a tankless water heater, hardwood flooring, fresh paint, and recessed lighting. While its kitchen features dated tiled countertops and backsplash, and the bathrooms have older tile styles, they are all clean, functional, and well-maintained, requiring no immediate renovation. The property is move-in ready with major systems updated, justifying a 'Good' rating.
Year Built
1943
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$652
HOA
-
Days on market
-
Sold On
-
MLS number
PW25134547
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 features a unique blend of new construction and a well-maintained original home. The ADU and Jr. ADU, built in 2023, are in excellent condition with modern kitchens (white shaker cabinets, stainless steel appliances, quartz/solid surface countertops, subway tile backsplashes) and contemporary bathrooms (large format grey tiles, modern vanities). The original house (built 1943) has received significant updates including new HVAC systems, a tankless water heater, hardwood flooring, fresh paint, and recessed lighting. While its kitchen features dated tiled countertops and backsplash, and the bathrooms have older tile styles, they are all clean, functional, and well-maintained, requiring no immediate renovation. The property is move-in ready with major systems updated, justifying a 'Good' rating.
Pros & Cons
Pros
Exceptional Income Potential: The property is configured as a triplex (Single Family Residence + permitted ADU + permitted Jr. ADU), offering significant rental income opportunities or flexible multi-generational living arrangements.
New Construction & Permitted ADUs: The ADU and Jr. ADU were recently built in 2023 with permits, ensuring modern construction, compliance, and reduced immediate maintenance concerns for these units.
Independent Unit Functionality: All three units feature separate entrances, fenced yard areas, new HVAC systems, and separately metered utilities, providing complete autonomy and ease of management for tenants and owner.
Desirable Lakewood Village Location: Situated in the 'Great Lakewood Village Location' (MLS Area 29), known for its community appeal and convenience within Long Beach.
Good School District Access: Proximity to highly-rated public schools (e.g., Holmes Elementary 8/10, Bancroft Middle 7/10) enhances its appeal to families.
Cons
Age of Original Structure: The main house was built in 1943, suggesting potential for older systems and components that may require future maintenance or upgrades beyond the new HVAC.
Significant Price Appreciation: The current list price of $1.599M represents a substantial increase from previous sales, which may require thorough justification and market analysis to potential buyers.
Potential Parking Challenges: With three independent units, the lack of explicit mention of dedicated or ample parking for each unit could pose a practical challenge for residents and guests.