Four-Unit Multifamily
486 E Adair ST Long Beach, CA 90805
For Sale
$1,598,000
Four-unit Long Beach property with a 3BR/1BA unit and three 1BR/1BA units, plus on-site laundry and gated access.
Property Size2,800 SF
Price / SF$570.71
Days on Market81
Property Features for 486 E Adair ST
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1939
Listing Agency:
Villa Real Estate Partners Inc
(714) 467-8542
Listed By:
Nhat Nguyen · License #02254340
Source:
Exitrealty
Added: May 5
Changed: Jul 22
Last Checked: Jul 23 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Villa Real Estate Partners Inc
Investment Insights
Based on property information with market context.
This four-unit multifamily building offers a unit mix of one 3 bed/1 bath home and three 1 bed/1 bath homes, totaling 2,800+/- rentable square feet. The property includes on-site washer and dryer laundry and features a gated entry for secured access. All four units have been extensively remodeled with professional-grade finishes, and the building is described as being in excellent condition.
A substantial portion of the rental income is secured by Section 8 vouchers, with rents administered through Housing Authority of Long Beach, which may help support more reliable collections. The property is located within close proximity to retail, dining, and entertainment options.
Interior inspection is required for all offers.
A substantial portion of the rental income is secured by Section 8 vouchers, with rents administered through Housing Authority of Long Beach, which may help support more reliable collections. The property is located within close proximity to retail, dining, and entertainment options.
Interior inspection is required for all offers.
Key Highlights
- Four‑unit multi‑family building in Long Beach, CA built in 1939
- Unit mix: one 3 bed/1 bath and three 1 bed/1 bath units across 2,800+/- rentable SF
- Section 8 vouchers secure a substantial portion of rental income via Housing Authority of Long Beach
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $27.00 |
| − Vacancy | −$3.2k | −$1.15 |
| EGI | $72.4k | $25.85 |
| − OpEx | −$21.7k | −$7.75 |
| NOI | $50.7k | $18.09 |
2,800 SF · lease $27.00/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$723.7K
$633.3K – $844.3K
NOI $50,660 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$668.1K
$584.6K – $779.5K
NOI $46,768 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$838.7K
$733.8K – $978.4K
NOI $58,706 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit Long Beach property with a 3BR/1BA unit and three 1BR/1BA units, plus on-site laundry and gated access.
Where is this quadplex located?
The property is located at 486 E Adair ST Long Beach, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Four‑unit multi‑family building in Long Beach, CA built in 1939; Unit mix: one 3 bed/1 bath and three 1 bed/1 bath units across 2,800+/- rentable SF; Section 8 vouchers secure a substantial portion of rental income via Housing Authority of Long Beach
