508 W 10th, Long Beach, California 90813, Long Beach, 90813 - 9 bed, 4 bath
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Long Beach, California 90813
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned above the $779,295 Fair Market Value. While the current valuation reflects a premium, the asset offers significant upside through a full renovation of its 3,328 sqft footprint. Featuring a Condition Rating of 5, this Quadruplex includes a versatile mix of 2-bedroom and 3-bedroom units with private laundry. Located in a $1.3 billion revitalization zone, this is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers targeting long-term rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 508 W 10th Subject | $900,000* List Price | 9 | 4 | 3,328 | $234 | - |
A 911 E 10th Street Sold | $1,072,000 | 0 | 0 | 3,200 | $335 | 1.0 mi |
B 1564 Locust Active | $1,125,000 List Price | 0 | 0 | 3,458 | $325 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 and explicitly marketed as a 'ready for remodel' investment opportunity. Interior images confirm the need for a full rehab, showing exposed subfloors, dated and damaged bathroom fixtures, and old wall-unit heating systems.
Delivered vacant within a $1.3 billion revitalization zone, this quadruplex offers a significant opportunity to renovate and capture high proforma market rents and equity growth.
The property features a strong mix of three 2-bedroom and one 3-bedroom units, all uniquely equipped with private en suite laundry hookups, a highly sought-after amenity for tenants.
Situated just blocks from Downtown Long Beach and one block from major public transportation, the location ensures consistently high rental demand and excellent walkability.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 4.
The property is marketed as 'ready for remodel,' implying a substantial upfront capital expenditure is necessary to address its current condition before it can generate income.
Built in 1921, the building may harbor hidden costs related to aging plumbing, electrical systems, or structural elements common in century-old properties.
Luxury Live Auction! Bidding to start from $900,000! Investment Opportunity in the Heart of Long Beach! 508 W 10th Street is a prime quadruplex ready for remodel, offering incredible upside to ride the equity curve with a high proforma cap rate, in one of Long Beach’s most dynamic neighborhoods. This four-unit building is perfectly positioned just blocks from downtown and only one block from convenient public transportation. The property is vacant, making it ideal for investors or owner-occupants looking to renovate and maximize rental income. The configuration includes three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each unit features private en suite laundry, and the building includes a detached one-car garage for added convenience. Located in the heart of Long Beach, this property sits amid a transformative $1.3 billion revitalization campaign, putting future growth and value right at your doorstep. Don’t miss the chance to capitalize on a property with excellent location, flexible layout, and strong investment potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 0.0 | 95% |
| Baths | 4.0 | 0.0 | 95% |
| Square foot | 3,328 | 2,572 | 82% |
| Lot Size | 4,648 | 5,839 | 27% |
| Price | $900.0K | $960.0K | 41% |
| Price per sq ft | $270 | $381 | 14% |
| Built year | 1921 | 1921 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 182 | 5% |
Jun 1, 2026
$900,000
Initial Listing
Jul 29, 2019
$1,020,000
Public Record
Jun 7, 2017
$760,000
Public Record
Jun 23, 2011
$330,000
Public Record
Sep 2, 2004
$650,000
Public Record
Jun 26, 2001
$175,000
Public Record
Oct 25, 1999
$295,000
Public Record