5139 E Carson Street, Long Beach, California 90808, Long Beach, 90808 - 0 bed, 0 bath
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5139 E Carson Street
Long Beach, California 90808
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,575Sq Ft
9,956Lot Size
Property Price
LIST PRICE$1,580,000
EST. MARKET VALUE
$1,580,000
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at a List Price of $1,580,000, which aligns with its $1,580,000 Fair Market Value. Featuring a Condition Rating of 2, the property offers three fully renovated units with modern finishes and energy-efficient mini-split systems. While the fourth unit presents a value-add opportunity, the 9,956 sq.ft. lot and panoramic views ensure strong rental appeal. This asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking a stable, income-producing property in a prime Long Beach location.
Estimated Market Value
$1,580,000
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 |
|---|---|---|---|---|---|---|
★ 5139 E Carson Street Subject | $1,580,000* List Price | 0 | 0 | 2,575 | $614 | - |
A 4851 Faculty Sold | $1,512,500 | 0 | 0 | 2,514 | $602 | 1.0 mi |
B 4705 Whitewood Sold | $1,725,000 | 3 | 3 | 2,548 | $677 | 0.8 mi |
C 4705 Whitewood Sold | $1,725,000 | 0 | 0 | 2,548 | $677 | 0.8 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 1944, the property features three fully renovated units with modern finishes, including updated kitchens with stainless steel appliances, contemporary bathrooms, and new vinyl flooring. The installation of energy-efficient mini-split HVAC systems and inside laundry in the renovated units indicates a comprehensive update within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Units
Three of the four units have been fully renovated with contemporary finishes, in-unit laundry, and energy-efficient mini-split systems, significantly reducing immediate maintenance costs and attracting premium tenants.
- Generous Lot Size
The property sits on a substantial 9,954 sq.ft. lot, offering rare assigned parking for all tenants and professional landscaping that enhances curb appeal and long-term land value.
- Strategic Location
Situated in the desirable Lakewood Village near Long Beach City College and Heartwell Park, the location ensures high rental demand and convenient access to shopping, dining, and transportation.
CONSRISKS & DEFICIENCIES
- Incomplete Renovation
With only three units updated, the fourth unit likely requires additional capital expenditure to match the modern standards and maximize the total rental income potential of the property.
- Market Stagnation
The property has experienced seven price reductions and over 70 days on market, suggesting the current list price may still be high relative to the recent 2024 acquisition price and current market sentiment.
About 5139 E Carson Street
Excellent investment opportunity in the heart of Long Beach, Lakewood Village! This well-maintained fourplex sits on a very generous 9,954 sq.ft. lot. Featuring three fully renovated units thoughtfully updated with modern finishes designed to attract quality tenants. Interiors showcase newer vinyl laminate flooring, contemporary fixtures, and stylish living spaces that blend comfort with functionality. Each renovated unit includes convenient inside stackable laundry, energy-efficient mini-split heating and cooling systems, and a complete appliance package featuring a gas range, microwave, and refrigerator. The established landscaping provides curb appeal and is supported with an automatic irrigation system that keeps the professionally maintained landscaping in prime condition. The property offers assigned parking for tenants. Separate meters for gas and electric. This is an ideal location with panoramic views. Ideally situated near shopping, dining, entertainment, public transportation, and educational opportunities, residents will appreciate the close proximity to Long Beach City College, Heartwell Park and Golf Course, Long Beach Airport, and more.With significant updates already completed and a desirable location in one of Long Beach's established neighborhoods, this income-producing property presents an exceptional opportunity for investors seeking strong rental appeal and long-term value.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1944
- Lot Size
- 9,956 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Twain Elementary School
Grades K-5 • 0.5 mi
7/10
Burcham Elementary School
Grades K-5 • 0.9 mi
6/10
Holmes Elementary School
Grades K-5 • 1.6 mi
8/10
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 | 2,575 | 2,300.724 |
| Lot Size | 9,956 | 5,277.379 |
| Price | $1.58M | $1.24M |
| Price per sq ft | $614 | $513 |
| Built year | 1944 | 1949 |
| HOA | $0 | $0 |
| Days on market | 85 | 74 |
Pricing History
Listed for Sale
Aug 28, 2026
$1,580,000
$1,585,000
+0% Price Increase
Initial Listing
Price Change
Aug 18, 2026
$1,585,000
$1,590,000
+0% Price Increase
Initial Listing
Price Change
Aug 5, 2026
$1,590,000
$1,595,000
+0% Price Increase
Initial Listing
Price Change
Jul 30, 2026
$1,595,000
$1,600,000
+0% Price Increase
Initial Listing
Price Change
Jul 15, 2026
$1,600,000
$1,625,000
-2% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$1,625,000
$1,650,000
-2% Price Drop
Initial Listing
Price Change
Jun 16, 2026
$1,650,000
Initial Listing
Sold
Jun 18, 2024
$1,370,000
Public Record