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Millman Team Real Estate

$1,598,000
0.14 Acre Lot

486 E Adair, Long Beach, California 90805

  • Residential Income Property Type
  • None Cars Garage
  • 1939 Year Built
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

Basic Details
Residential Income
For Sale
PW26096551
$1,598,000
None
1939
0.14 Acre
Active
1
Triplex
: Asphalt
Features
: None
: Electric
: None
: None
: None
: Ranch, Cottage
: Laminate
: Ceiling Fan(s)
: Common Area
: Public Sewer
: Electricity Available, Natural Gas Available
$0
Appliances
: Dishwasher, Gas Range
Address Map
CA
Los Angeles
Long Beach
North Long Beach (NLB)
90805
Adair
486
W119° 48' 49.3''
N33° 51' 50.6''
North
Off Atlantic to property
7 - North Long Beach
E
Additional Information
$0
$0
$0
$0
$0
2800
: Sidewalks, Stable(s)
: Asphalt, Lap Siding
1
: Concrete Perimeter
: One, Multi/Split
: Corner Lot
4
2026-05-04
1
2
: Public
Broker/Agent Information
Villa Real Estate Partners Inc
Nhat Nguyen
Listing Information
PWNGUNHA
PB22317
Cash, Conventional, 1031 Exchange, Fannie Mae
Active
2026-05-06T19:25:34Z
CRMLS
: Standard
2026-05-04T13:37:33Z
Agent info
Ray Millman
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