494 Almond Avenue, Long Beach, California 90802, Long Beach, 90802 - bed, bath
ACTIVE$1,095,000
494 Almond Avenue, Long Beach, California 90802
0Bed
0Bath
2,048Sqft
5,370Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Investment Location: The property is strategically located in the desirable North Alamitos Beach submarket of Long Beach, within MLS Area 4, known for its appeal and rental demand.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-09-18. The sold price is $999,000.00.
Compared to the nearby listings
Price:$1.09M vs avg $1.05M (+$45,000)64%
Size:2,048 sqft vs avg 2,688 sqft45%
Price/sqft:$535 vs avg $48864%
More Insights
Built in 1948 (77 years old).
Condition: The property, built in 1948, features one unit that has been recently and extensively remodeled to an excellent standard, including new flooring, a modern kitchen with new appliances (range, hood), and an updated bathroom with new vanity, fixtures, and subway tile. This unit is move-in ready. However, as only one of the three units has undergone this renovation, and the overall building is 76 years old with unspecified conditions for the other units and general building systems, the property does not qualify as 'Excellent' overall. The significant update to one unit elevates it beyond 'Fair', aligning with the 'Good' criteria of having updated components without a full recent renovation of the entire property.
Year Built
1948
Close
-
List price
$1.09M
Original List price
$1.19M
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
OC25095540
Home ConditionGood
Features
Patio
View-
About this home
494 Almond Avenue is well-located in the North Alamitos Beach submarket of Long Beach. The property offers three (3) units with a mix of one (1) three-bedroom / one-bath unit and two (2) one bedroom/ one-bath units, along with three (3) garages. One unit was recently remodeled with new flooring, kitchen, bathroom, paint, and electrical, all by permit. There is potential to build ADUs by converting garages and/or new construction - buyer to verify building allowances.
Nearby schools
7/10
Stevenson Elementary School
Public,•K-5•0.5mi
6/10
Burbank Elementary School
Public,•K-5•0.6mi
6/10
Franklin Classical Middle School
Public,•6-8•0.2mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.5mi
6/10
Polytechnic High School
Public,•9-12•1.1mi
6/10
Wilson High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
09/18/25
Sold
$999,000
10/14/22
Sold
$787,500
12/28/07
Sold
$695,000
12/23/04
Sold
$475,000
Condition Rating
Good
The property, built in 1948, features one unit that has been recently and extensively remodeled to an excellent standard, including new flooring, a modern kitchen with new appliances (range, hood), and an updated bathroom with new vanity, fixtures, and subway tile. This unit is move-in ready. However, as only one of the three units has undergone this renovation, and the overall building is 76 years old with unspecified conditions for the other units and general building systems, the property does not qualify as 'Excellent' overall. The significant update to one unit elevates it beyond 'Fair', aligning with the 'Good' criteria of having updated components without a full recent renovation of the entire property.
Pros & Cons
Pros
Prime Investment Location: The property is strategically located in the desirable North Alamitos Beach submarket of Long Beach, within MLS Area 4, known for its appeal and rental demand.
Income-Generating Triplex: As a residential income property with three units (1x 3-bed/1-bath, 2x 1-bed/1-bath), it offers diversified rental income streams, appealing to investors.
Significant ADU Potential: There is explicit potential to build Accessory Dwelling Units (ADUs) by converting existing garages or new construction, presenting a clear path for substantial value addition and increased income.
Recently Remodeled Unit: One unit has undergone a comprehensive and permitted remodel, including new flooring, kitchen, bathroom, paint, and electrical, which reduces immediate capital expenditure and enhances its rental appeal.
Dedicated Garages: The inclusion of three garages provides valuable amenities such as tenant parking or storage, and further supports the ADU conversion potential.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-09-18. The sold price is $999,000.00.
Property Age & Potential Maintenance: Built in 1948, the property is 76 years old. While one unit is updated, the age suggests potential for deferred maintenance and the need for significant capital expenditures on the un-remodeled units and overall building systems.
Partial Renovation Scope: Only one of the three units has been recently remodeled. The condition of the remaining two units is unspecified, likely requiring further investment to bring them to a similar modern standard and maximize overall rental income.
Buyer Due Diligence Required for ADUs: Although ADU potential is a strength, the responsibility for verifying building allowances and feasibility falls entirely on the buyer, adding a layer of complexity and potential cost to the investment process.