486 E Adair, Long Beach, California 90805

  • $1,598,000
486 E Adair, Long Beach, CA 90805
Active Turnkey
486 E Adair, Long Beach, California 90805
486 E Adair, Long Beach, CA 90805
  • $1,598,000

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

  • Address 486 E Adair
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90805
  • Area North Long Beach (NLB)
  • Country US

Details

Updated on May 6, 2026 at 7:25 pm
  • Property ID: PW26096551
  • Price: $1,598,000
  • Property Size: 2800 Sqft
  • Land Area: 0.1398 Acres
  • Year Built: 1939
  • Property Type: Triplex, Residential Income
  • Property Status: Active

Additional details

  • Listing Terms: Cash, Conventional, 1031 Exchange, Fannie Mae
  • Roof: Asphalt
  • Utilities: Electricity Available, Natural Gas Available
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Electric
  • Flooring: Laminate
  • County: Los Angeles
  • Property Type: Residential Income
  • Pool: None
  • Parking: None
  • Community Features: Stable(s), Sidewalks
  • Architectural Style: Cottage, Ranch

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman