
Long Beach, California 90805
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,088,800—positioned slightly above the $1,064,937 Fair Market Value. Despite the premium, the property offers significant upside through its spacious backyard with ADU development potential, including a possible two-story configuration. With a Condition Rating of 3, the units are turnkey and well-maintained, ensuring immediate, stable rental income. Featuring 3 carport spaces and a 1-car garage, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5174 Linden Subject | $1,088,800* List Price | 0 | 0 | 2,400 | $444 | - |
A 5623 Lemon Avenue Sold | $880,000 | 0 | 0 | 2,054 | $428 | 0.7 mi |
B 309 E Louise Sold | $826,500 | 0 | 0 | 2,562 | $323 | 0.4 mi |
C 242 E Del Amo Sold | $800,000 | 0 | 0 | 1,504 | $532 | 0.4 mi |
D 4813 Pacific Sold | $859,000 | 0 | 0 | 1,660 | $517 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1957, the property has undergone previous interior remodeling. The bathroom shows a modern vanity and wood-look flooring consistent with a 5-15 year renovation window. The building is described as well-maintained and functional, meeting the criteria for move-in ready condition.
The property features a spacious backyard with the potential for additional ADU development, including a possible two-story configuration, offering significant value-add and increased rental income.
Units have been previously remodeled and the building is well-maintained, allowing for immediate stable rental income with minimal initial capital expenditure for renovations.
Rare for the area, the property includes three carport spaces and a one-car garage, providing essential parking for all four units and increasing tenant desirability.
With a lot size of 4,882 sqft, adding an ADU may result in high site density and limited outdoor common space for existing tenants.
Built in 1957, the property may require ongoing maintenance or future upgrades to aging infrastructure systems like plumbing and electrical typical for buildings of this era.
**Excellent 4-Unit Income Property with Strong Upside Potential! ** Interiors are remodeled previously; low-maintenance, well-maintained building with great tenants and excellent potential for future rent growth. The property features a **spacious backyard offering potential for additional ADU development, including the possibility of a two-story configuration, subject to city approval and buyer verification**. Ample parking includes **3 Carport spaces plus a 1-car garage**. Conveniently located with easy access to major freeways, nearby strip malls, and within walking distance to the police station and YMCA. A great opportunity for investors looking for **stable rental income with additional future development and income potential**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,400 | 2,300.724 |
| Lot Size | 4,882 | 5,277.379 |
| Price | $1.09M | $1.24M |
| Price per sq ft | $454 | $513 |
| Built year | 1957 | 1949 |
| HOA | $0 | $0 |
| Days on market | 9 | 74 |
Aug 31, 2026
$1,088,800
Initial Listing
Nov 10, 2021
$800,000
Public Record