486 E Adair, Long Beach, CA 90805 | MLS #PW26096551 | Willis Allen Real Estate
DRE# 01204280

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  • 56 days on site
  • 0 views

(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

Source: CRMLS, MLS#: PW26096551

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  • Property Type
    Residential Income
  • Lot
    0.14 acres

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  • Median Age
    32
  • Population Density
    12,623
  • College Educated
    21%
  • Estimated Median Income
    $53,299
  • Estimated Total Home Owners
    11,453
  • Estimated Total Renters
    15,827
  • Owner / Renter Divide
    42% / 58%
  • Estimated Average Household Size
    3
  • Total Population
    95,094
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 486 E Adair

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/4/2026Source: CRMLS Added to Database
May 04, 2026
Listing provided courtesy of Villa Real Estate Partners IncNhat Nguyen- MLS# PW26096551MLS ProviderContact Information: [email protected] - 714-467-8542