UNDER CONTRACT
$101K PRICE INCREASE
494 Almond Ave Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated payment $6,658/month
Total Views
2,952
5
Beds
3
Baths
2,048
Sq Ft
$488
Price per Sq Ft
Highlights
- 0.12 Acre Lot
- No HOA
- Paved or Partially Paved Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
- Wall Furnace
About This Home
494 Almond Avenue is ideally situated in the desirable North Alamitos Beach neighborhood of Long Beach. This multifamily property consists of three (3) units, including a spacious three-bedroom, one-bath unit and two (2) one-bedroom, one-bath units. It also features three (3) private garages—an exceptional amenity in this highly parking-constrained area. One unit has been recently remodeled with permitted upgrades including new flooring, kitchen, bathroom, paint, and electrical systems. Each unit is separately metered for gas and electricity, helping to reduce operating costs for the future owner. The property offers strong potential for added value, including the possibility of converting the garages into Accessory Dwelling Units (ADUs) or adding new construction—buyer to verify development feasibility with the city. Located just a few blocks from the beach, the property is also conveniently close to Retro Row and its vibrant mix of restaurants, shops, and entertainment venues. Note: The property is being sold as-is and may require updates or repairs. Buyer is responsible for verifying all permits, zoning regulations, and unit configurations. All units will be delivered tenant-occupied.
Listing Agent
Bijan Favakehi, Broker Brokerage Phone: 714-654-5626 License #00939258 Listed on: 07/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,582
Year Built
- Built in 1948
Lot Details
- 5,370 Sq Ft Lot
- Two or More Common Walls
- Paved or Partially Paved Lot
- Front Yard
Parking
- 3 Car Garage
Home Design
- Triplex
- Split Level Home
Interior Spaces
- 2,048 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Wall Furnace
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 7266015012
- $14,582 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Water Sewer Expense $1,800
- Operating Expense $26,854
- Gross Income $76,728
- Net Operating Income $50,873
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $14,582 | $1,144,440 | $743,886 | $400,554 |
| 2024 | $14,582 | $1,122,000 | $729,300 | $392,700 |
| 2023 | $14,338 | $1,100,000 | $715,000 | $385,000 |
| 2022 | $10,862 | $860,232 | $573,488 | $286,744 |
| 2021 | $10,646 | $843,366 | $562,244 | $281,122 |
| 2019 | $8,881 | $685,000 | $456,700 | $228,300 |
| 2018 | $8,030 | $625,000 | $416,700 | $208,300 |
| 2016 | $5,820 | $465,000 | $310,000 | $155,000 |
| 2015 | $5,388 | $440,000 | $293,300 | $146,700 |
| 2014 | $5,175 | $415,000 | $276,600 | $138,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Price Changed | $998,800 | +11.2% | $488 / Sq Ft |
| 07/10/2025 07/10/25 | For Sale | $898,000 | -- | $438 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | Equity Title Company | |
| Grant Deed | $695,000 | Equity Title Company | |
| Grant Deed | -- | -- | |
| Grant Deed | $475,000 | First Southwestern Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $556,000 | Purchase Money Mortgage | |
| Previous Owner | $141,500 | Credit Line Revolving | |
| Previous Owner | $356,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25154546
APN: 7266-015-012
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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