486 E Adair, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
Analysis of 486 E Adair, Long Beach, California 90805 is currently available with a list price of $1,598,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1939, the property has undergone an extensive recent remodel (likely within the last 5 years) as evidenced by the modern kitchen featuring stainless steel appliances, shaker cabinets, and stone countertops. The presence of wall-mounted mini-split HVAC units and updated electrical fixtures indicates modernized systems, meeting the criteria for mint condition with minimal maintenance required.
A significant portion of the rental income is secured by Section 8 vouchers, providing a stabilized asset with minimized risk and reliable monthly revenue from Day 1.
All four units have been extensively remodeled with professional-grade finishes, offering an investment with minimal immediate maintenance requirements and high tenant appeal.
The property features a gated entry ensuring secured access, which is a highly desirable safety feature for tenants in a multi-family residential setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2484.
The property was recently sold within the past year on 2026-03-06. The sold price is $1,480,000.00.
Originally built in 1939, the property may possess aging underlying systems or structural components that could require long-term capital expenditures despite recent cosmetic upgrades.
(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,800 | 1,535.5 | 78% |
| Lot Size | 6,089 | 4,768.5 | 83% |
| Price | $1.60M | $820.8K | 94% |
| Price per sq ft | $571 | $544 | 72% |
| Built year | 1939 | 1950 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 227 | 6% |
May 4, 2026
$1,598,000
Initial Listing
Mar 6, 2026
$1,480,000
Public Record
Sep 15, 2020
$904,500
Public Record
Feb 25, 2019
$604,500
Public Record
Nov 18, 1993
$150,000
Public Record