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486 E Adair

Long Beach, CA 90805
  • $1,598,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: PW26096551
UPDATED: 234 min ago
$1,598,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Nhat Nguyen of Villa Real Estate Partners Inc (714-467-8542)


Description

(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/176096741
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486 E Adair Long Beach, CA 90805

  • Price: $1,598,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 234 min ago
  • ID#: PW26096551
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1939
Built
Neighborhood:
North Long Beach (Nlb)
County:
Los Angeles
Area:
7 - North Long Beach
Property Description
(4) unit multi-family building in Long Beach, CA. The building features unit mix of (1) 3 Bed/1 Bath unit and (3) 1 Bed/1 Bath units stretching across 2,800+/- rentable square feet. This stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. Further, a substantial portion of Rental Income of rents secured by Section 8 Vouchers by Housing Assistant Long Beach Minimizing risk and providing reliable cash flow, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue. The property also includes on site Washer and dryer laundry. The building is in excellent condition, and all (4) units have been extensively remodeled with professional grade finishes. In addition, the gated entry ensures secured access to the property. The property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. This is an investment with strong existing cash flow and minimal maintenance required which is add this solid asset to your rental portfolio. Sellers is Real Estate License in state of California. ALL OFFERS SUBJECT INTERIROR INSPECTION
Exterior Features

Architectural Style CottageRanch Construction Materials AsphaltLap Siding Direction Faces North Entry Level 1 Entry Location 1 Foundation Details Concrete Perimeter Lot Features Corner Lot Number Of Separate Electric Meters 4 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof Asphalt Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DishwasherGas Range Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Heating Electric Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Stable(s)Sidewalks Contingency PRIVATE REMARKS: Buyer(s) and/or its Representative(s) are required to perform any and all due diligence regarding the property and are advised to check with the city regarding permits to satisfy any concerns. The information herein has been secured from sources we believe to be reliable but representationsor warrantiesexpressed or impliedas to the accuracy of references includingbut not limited tosquare footageland lines/boundariesage are approximate. Buyer takes responsibility for all i Current Financing Conventional Garage YN No Gross Income 8900 Gross Scheduled Income 8900 Insurance Expense 2600 Land Lease YN No Laundry Features Common Area Levels OneMulti/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeFannie Mae Net Operating Income 300 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Operating Expense 300 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGas Total Actual Rent 8900 Trash Expense 0 Utilities Electricity AvailableNatural Gas Available Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
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Hemet CA, 92545
Listing Agent(s): Nhat Nguyen of Villa Real Estate Partners Inc (714-467-8542)