486 E Adair, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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486 E Adair
Long Beach, California 90805
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,800Sq Ft
6,089Lot Size
Property Price
LIST PRICE$1,549,800
EST. MARKET VALUE
$1,496,426
3% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a stabilized (4) unit multi-family asset listed at $1,549,800. While currently priced slightly above the $1,496,426 Fair Market Value, the property offers immediate stability through Section 8 voucher-secured income and an Excellent Condition Rating following extensive professional-grade remodels. With gated security and modern systems, this turnkey asset minimizes maintenance requirements for landlords. This is a strategic acquisition for Buy-and-Hold Investors seeking reliable cash flow or Owner-Occupants looking to offset mortgage costs by living in one unit while renting the others.
Estimated Market Value
$1,496,426
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 486 E Adair Subject | $1,549,800* List Price | 0 | 0 | 2,800 | $534 | - |
A 5174 Linden Active | $1,088,800 List Price | 0 | 0 | 2,400 | $454 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Reliable Cash Flow
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.
- Turnkey Condition
All four units have been extensively remodeled with professional-grade finishes, offering an investment with minimal immediate maintenance requirements and high tenant appeal.
- Enhanced Security
The property features a gated entry ensuring secured access, which is a highly desirable safety feature for tenants in a multi-family residential setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2484.
- Recently Sold Property
The property was recently sold within the past year on 2026-03-06. The sold price is $1,480,000.00.
- Vintage Infrastructure
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.
About 486 E Adair
(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. **Front Units will be vacant and great for Owner Occupy One Units and Rents Out Others 3 Already Rented with Housing of Long Beach. 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
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1939
- Lot Size
- 6,089 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,800 | 2,300.724 |
| Lot Size | 6,089 | 5,277.379 |
| Price | $1.55M | $1.24M |
| Price per sq ft | $554 | $513 |
| Built year | 1939 | 1949 |
| HOA | $0 | $0 |
| Days on market | 128 | 74 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,549,800
$1,598,000
-3% Price Drop
Initial Listing
Price Change
May 4, 2026
$1,598,000
Initial Listing
Sold
Mar 6, 2026
$1,480,000
Public Record
Sold
Sep 15, 2020
$904,500
Public Record
Sold
Feb 25, 2019
$604,500
Public Record
Sold
Nov 18, 1993
$150,000
Public Record