486 E Adair St Long Beach, CA 90805

$904,500 Sold Price as of 09/15/2020

4 Beds
2 Baths
2,064 Sq.Ft.

Off Market

$904,500 Sold Price as of 09/15/2020 Refinance Your Mortgage

Map preview of 486 E Adair St, Long Beach, CA 90805

Property Overview: 486 E Adair St Long Beach, CA has 4 bedrooms, 2 bathrooms, 2,064 living square feet and 6,087 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

486 E Adair St is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $802,000. The median price per/sqft for Long Beach is $635. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $160,400 for the down payment and will need roughly $16,040 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $38,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 486 E Adair St

Last sold for $904,500 on September 15th, 2020

May, 2023
May 1, 2023

Date

Expired

CRMLS: PW22211363

$1,400,000

Price
Sep 28, 2022

Date

Active

CRMLS: PW22211363

$1,450,000

Price
Listing provided courtesy of CRMLS

We are pleased to present 486 E Adair St, a (4) unit multi-family building in Long Beach, CA. This quadruplex sits on a 6,087 SF corner lot well-positioned in the vastly appreciating North Long Beach submarket. 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. With a CAP Rate of 5.34% and a GRM of 13.46 on current rents, this stabilized asset offers tremendous opportunity for 1031 exchange buyers looking to increase their cash flow on Day 1. 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 and each tenant is offered (1) assigned parking space within the premises. With a walk score of (73), the property is located within close proximity to many retail, dining, and entertainment options that greatly benefit the tenant mix. Further, a substantial portion of the rental income is strategically secured through Section 8 vouchers, so the uncertainty of future rent moratoriums will significantly reduce the likelihood of lost revenue.

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September, 2022
Sep 21, 2022

Date

Canceled

CRMLS: PW22113577

$1,490,000

Price
May 28, 2022

Date

Active

CRMLS: PW22113577

$1,499,999

Price
Listing provided courtesy of CRMLS

Welcome to beautiful 4-PLEX 6beds 4 baths with 3 separate buildings and 4 meters 4 addresses, located at corner lot . Very low maintenance, all remodeled with 2 brand-new units, PERFECT INVESTMENT FOR STABLE INCOME in upcoming area. ALL Tenants are SECTION 8 HOUSING with gross income up to $8825. DRIVE BY ONLY, DO NOT DISTURB TENANTS UNDER ANY CIRCUMSTANCES. This is a must to see, do not miss this opportunity.

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September, 2020
Sep 15, 2020

Date

Sold (Public Records)

Public Records

$904,500

Price
February, 2019
Feb 25, 2019

Date

Sold

CRMLS: 18400716

$604,250

Price
Nov 13, 2018

Date

Pending

CRMLS: 18400716

$644,000

Price
Oct 25, 2018

Date

Active Under Contract

CRMLS: 18400716

$644,000

Price
Oct 25, 2018

Date

Active

CRMLS: 18400716

$644,000

Price
Listing provided courtesy of CRMLS

A fabulous Triplex - gain passive income in this 3 on a lot income property. Buyer may live in one and rent out others. Front unit is a well maintained jewel with spacious living room and kitchen. Corner property with good curb appeal. The two other properties are in good shape also. NO RENT CONTROL means put the tenants in you like with the rent that you prefer. The De forest neighborhood is sought after premier area with parks & freeways close by.

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February, 2019
Feb 25, 2019

Date

Sold (Public Records)

Public Records

$604,500

Price
August, 2018
Aug 21, 2018

Date

Canceled

CRMLS: 18355640

$644,000

Price
Jun 16, 2018

Date

Active

CRMLS: 18355640

$644,000

Price
Listing provided courtesy of CRMLS

A fabulous Triplex - gain passive income in this 3 on a lot income property. Buyer may live in one and rent out others. Front unit is a well maintained jewel with spacious living room and kitchen. Corner property with good curb appeal. The two other properties are in good shape also. NO RENT CONTROL means put the tenants in you like with the rent that you prefer. The De forest neighborhood is sought after premier area with parks & freeways close by.

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Tax History for 486 E Adair St

Assessed Value (2020): $616,284

Year	Land Value	Improved Value	Assessed Value
2020	$306,000	$310,284	$616,284

About 486 E Adair St

Detailed summary of property

486 E Adair St is categorized with a use code of Triplex (3 Units, Any Combination) in Long Beach, CA 90805 and last sold on September 15, 2020 for $904,500. This property has 4 bedrooms, 2 bathrooms, roughly 2,064 living square feet, and sits on an approximately 6,087 square foot lot. Homes in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 19.01% higher than the current median priced home. 486 E Adair St was last sold on September 15, 2020 for $904,500. Local nearby listings include 21 W Adams St, 681 E 70th St and 124 W Mountain View St. The average home in Long Beach, CA is selling in 57 days. There are currently 534 homes for sale in the Long Beach real estate market and 300 of them are single family homes while 219 of them are condos and 15 are townhomes. If you are the homeowner and looking to sell the home at 486 E Adair St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 486 E Adair St

Public county record property details

Beds: 4
Baths: 2
Year built: 1939
Sq. Ft.: 2,064
Lot Size: 6,087
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 45,46
APN: 7125-015-029

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$689,990

Median List Price/Sq.Ft.

$518

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$605

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (40%), FHA (28%), VA (4%), Cash (12%), Other (12%)

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(714) 706-1823

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