5139 E Carson Street, Long Beach, California 90808, Long Beach, 90808 - 0 bed, 0 bath
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Long Beach, California 90808
This fourplex represents a Prime Investment Opportunity, listed at $1,650,000—positioned well below the $1,685,563 Fair Market Value by 2%. This valuation gap offers $35,563 in Instant Equity. With a Condition Rating of 2, the property features three fully renovated units with modern finishes and energy-efficient mini-splits. The large 9,954 sq.ft. lot and panoramic views of Heartwell Park enhance long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking a stable, income-producing asset in Long Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5139 E Carson Street Subject | $1,600,000* List Price | 0 | 0 | 2,575 | $634 | - |
A 4851 Faculty Active Under Contract | $1,545,000 List Price | 0 | 0 | 2,514 | $615 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1944, three of the four units have been fully renovated with modern finishes, including newer vinyl laminate flooring, recessed lighting, and updated appliance packages. The installation of energy-efficient mini-split HVAC systems and inside laundry indicates recent, high-quality upgrades within the last 5 years.
Three of the four units have been fully renovated with contemporary finishes, energy-efficient mini-splits, and in-unit laundry, significantly increasing rental appeal and reducing immediate maintenance costs.
Situated on a generous 9,954 sq.ft. lot in the desirable Lakewood Village, the property is walking distance to Long Beach City College and Heartwell Park, ensuring a consistent tenant pool.
The property features separate meters for gas and electricity, allowing for lower owner overhead and a more streamlined expense structure for investors.
With only three units updated, the fourth unit likely requires future capital expenditure to achieve market-rate rents and match the aesthetic of the rest of the building.
Originally built in 1944, the property may require ongoing attention to aging infrastructure components not covered by the interior cosmetic renovations.
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.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,575 | 2,100 |
| Lot Size | 9,956 | 5,077.5 |
| Price | $1.60M | $1.14M |
| Price per sq ft | $621 | $519 |
| Built year | 1944 | 1950 |
| HOA | $0 | $0 |
| Days on market | 36 | 68 |
Jul 15, 2026
$1,600,000
$1,625,000
-2% Price Drop
Initial Listing
Jul 8, 2026
$1,625,000
$1,650,000
-2% Price Drop
Initial Listing
Jun 16, 2026
$1,650,000
Initial Listing
Jun 18, 2024
$1,370,000
Public Record