4851 Faculty, Long Beach, California 90808, Long Beach, 90808 - 0 bed, 0 bath
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Long Beach, California 90808
This Triple-Unit Income Property is a Strong Value Opportunity, listed at $1,595,000—positioned well below the $1,726,882 Fair Market Value by 7%. This valuation gap offers $131,882 in Instant Equity. The site features two new 2023-built permitted units, separate utility meters, and a private patio, earning a High-Quality Condition Rating. Located near top-rated schools like Holmes Elementary, it balances high-yield rental potential with lifestyle appeal. This is an exceptional opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4851 Faculty Subject | $1,595,000* List Price | 0 | 0 | 2,514 | $687 | - |
A 4255 N Bellflower Active | $1,750,000 List Price | 0 | 0 | 2,320 | $754 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in high-quality, move-in-ready condition, highlighted by two brand-new permitted units (ADU and Jr. ADU) completed in 2023. These new units feature modern construction and systems. The original 1943 main house has been well-maintained with refinished hardwood floors, fresh paint, and updated major systems including a new roof and HVAC. While the main house is functional and clean, its kitchen and bathroom feature older tile styles and fixtures that have not undergone a full contemporary renovation, which prevents an 'excellent' rating for the entire multi-unit site.
The property features a rare triplex configuration with a main house, a permitted ADU, and a Jr. ADU, offering exceptional flexibility for multi-generational living or high-yield rental income.
All three units are equipped with brand-new HVAC systems and separately metered utilities, significantly reducing landlord overhead and simplifying tenant management.
With the ADU and Jr. ADU completed in 2023, the property benefits from modern building codes, contemporary finishes, and reduced immediate maintenance requirements.
Fitting three separate dwellings and individual fenced yards on a 7,731 square foot lot may result in limited common outdoor space and potential parking constraints for multiple occupants.
The original primary residence dates back to 1943, which may present a disparity in aesthetic and structural efficiency compared to the newly constructed 2023 units.
Great Lakewood Village Location. Single Family Residence with a permitted ADU & Jr. ADU (3 separate units). 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 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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1943 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 3, 2026
$1,595,000
Initial Listing
Nov 28, 2012
$399,000
Public Record
Aug 26, 2004
$550,000
Public Record