486 E Adair St Long Beach, CA 90805
DeForest Park NeighborhoodEstimated payment $9,413/month
Highlights
- Community Stables
- No HOA
- Living Room
- Corner Lot
- Cottage
- Ceiling Fan
About This Home
(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.
**Front Units will be vacant and great for Owner Occupy One Units and Rents Out Others 3 Already Rented with Housing of Long Beach.
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
Listing Agent
Nhat Nguyen
Villa Real Estate Partners Inc License #02254340 Listed on: 05/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 6,089 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Home Design
- Triplex
- Cottage
- Entry on the 1st floor
- Turnkey
- Asphalt Roof
- Lap Siding
- Concrete Perimeter Foundation
- Asphalt
Interior Spaces
- 2,800 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Laminate Flooring
Kitchen
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 24 Bedrooms
- 16 Full Bathrooms
Utilities
- Heating Available
Listing and Financial Details
- Legal Lot and Block 46 / 6
- Tax Tract Number 5992
- Assessor Parcel Number 7125015029
- $874 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 4 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Recreation
- Community Stables
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $2,600
- Operating Expense $300
- Gross Income $8,900
- Net Operating Income $300
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $14,263 | $1,076,133 | $446,377 | $629,756 |
| 2025 | $14,263 | $1,055,035 | $437,625 | $617,410 |
| 2024 | $13,657 | $1,034,349 | $429,045 | $605,304 |
| 2023 | $13,425 | $1,014,069 | $420,633 | $593,436 |
| 2022 | $11,723 | $922,386 | $412,386 | $510,000 |
| 2021 | $11,489 | $904,300 | $404,300 | $500,000 |
| 2020 | $8,008 | $616,284 | $306,000 | $310,284 |
| 2019 | $7,780 | $593,028 | $280,908 | $312,120 |
| 2018 | $3,915 | $283,652 | $101,568 | $182,084 |
| 2016 | $3,602 | $272,639 | $97,625 | $175,014 |
| 2015 | $3,465 | $268,545 | $96,159 | $172,386 |
| 2014 | $3,457 | $263,286 | $94,276 | $169,010 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/01/2026 09/01/26 | Price Changed | $1,549,800 | 0.0% | $554 / Sq Ft | |
| 09/01/2026 09/01/26 | For Sale | $1,549,800 | -3.0% | $554 / Sq Ft | |
| 08/04/2026 08/04/26 | Off Market | $1,598,000 | -- | -- | |
| 05/04/2026 05/04/26 | For Sale | $1,598,000 | +164.5% | $571 / Sq Ft | |
| 02/22/2019 02/22/19 | Sold | $604,250 | -6.2% | $293 / Sq Ft | View Prior Sale |
| 10/22/2018 10/22/18 | Pending | -- | -- | -- | |
| 10/22/2018 10/22/18 | For Sale | $644,000 | -- | $312 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,480,000 | Lawyers Title Company | |
| Grant Deed | $904,500 | North American Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Grant Deed | $604,500 | Stewart Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $150,000 | First American Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $962,000 | New Conventional | |
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $968,000 | Commercial | |
| Previous Owner | $968,000 | Commercial | |
| Previous Owner | $541,395 | Commercial | |
| Previous Owner | $541,395 | Commercial | |
| Previous Owner | $261,000 | Balloon | |
| Previous Owner | $220,500 | Unknown | |
| Previous Owner | $60,246 | Unknown | |
| Previous Owner | $56,525 | Unknown | |
| Previous Owner | $40,000 | Credit Line Revolving |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26096551
APN: 7125-015-029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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