6300 Paramount Boulevard N, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This Professionally Managed Quadruplex represents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned well below the $1,199,546 Fair Market Value by 12%. This valuation gap offers $149,546 in Instant Equity for the incoming owner. The asset maintains a Condition Rating of 3, bolstered by a recent $30,000 certified balcony upgrade and meticulous maintenance records. Located near the highly-rated McKinley Elementary School, the property features stable, long-term tenants with significant rental upside potential. This is a premier acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Property is move-in ready.
Built in 1963 but shows evidence of consistent maintenance and partial renovations within the last 5-15 years. Kitchens feature updated stone countertops and painted cabinetry, while bathrooms have been refreshed with newer pedestal sinks and toilets. The property is move-in ready with a recent $30k capital improvement for balcony certification and functional wall-heating systems.
The property has been professionally managed for 15 years with meticulous maintenance records available since 2011, ensuring a well-preserved asset and transparent history for the buyer.
Boasts a reliable tenant base with long-term occupancy dating back to 2012, providing immediate and consistent cash flow for an incoming investor.
A significant $30,000 capital investment has already been made to complete and certify required balcony work, mitigating immediate structural expenses and liability.
While long-term tenants provide stability, their historical lease dates suggest that current rents may be significantly below market value, requiring time to realize the property's full income potential.
Built in 1963, the property may require ongoing updates to its original systems and cosmetic finishes to remain competitive and minimize long-term repair costs.
For the last 15 years the same owners have worked with professional property management and maintained the property very well. Enjoy your long term reliable tenants with the following move in dates: #1 in 2021, #2 in 2018, #3 in 2012 and #4 2/26 The required balcony work has been completed with a capital improvement of $30K (and certified). The newest tenant shows the value of the units and the opportunity to create the upside potential that all good investors are looking for in this market. We have records of all maintenance going back to 2011 available at the interior inspection.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades 4-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,310 | 1,743 | 88% |
| Lot Size | 4,704 | 5,122 | 28% |
| Price | $1.05M | $845.0K | 76% |
| Price per sq ft | $317 | $516 | 12% |
| Built year | 1963 | 1948 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 210 | 4% |
Apr 17, 2026
$1,050,000
Initial Listing
Feb 3, 2012
$430,000
Public Record
Nov 16, 2004
$650,000
Public Record
Jul 23, 2001
$210,500
Public Record