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486 E Adair, Long Beach, CA 90805

  • $1,598,000

  • bed

  • bath

Multi-family for sale 9 days
Movoto is helping 68 homebuyers near you

About 486 E Adair

Property type Multi-family
Neighborhood
Year built 1939
HOA fee $0/month
Lot size 6,089 Sqft
Movoto estimate
Rental estimate
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
Listed by
Listing Agent - Nhat Nguyen
Listing Office - Villa Real Estate Partners Inc
Source: CRMLS mls logo
MLS#PW26096551 • last updated 1 week ago
Movoto checked CRMLS for data 6 minutes ago
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Overview
Levels/Style Multi/Split, One
Type Residential Income
SubType Triplex
Status Active
Lot Size (Acres) 0.1398
Lot Size (SqFt) 6089
Year Built 1939
Condition Turnkey
Interior
Laundry Common Area
Flooring Laminate
Appliances Gas Range, Dishwasher
Interior Features Ceiling Fan(s)
Exterior
Foundation Concrete Perimeter
Construction Lap Siding, Asphalt
Building Area Square Feet, 2800
Roof Asphalt
Parking None
Lot Description Corner Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Stable(s), Sidewalks
Subdivision North Long Beach (NLB), North Long Beach (NLB)
Directions Off Atlantic To Property
APN 7125015029
Multifamily Details
Operating Expense 300
Expense: Insurance 2600
Total Expenses 300
Gross Income 8900
Gross Operating Income 300
Gross Scheduled Income 8900
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Source: GreatSchools.org © 2026. All rights reserved.

Around Dairy

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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90805
  • Dairy
  • 486 E Adair

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/13/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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