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430 E Esther, Long Beach, California 90813, Long Beach, 90813 - bed, bath

430 E Esther, Long Beach, California 90813 home-pic-0
ACTIVE$1,290,000
430 E Esther, Long Beach, California 90813
0Bed
0Bath
3,200Sqft
6,754Lot
Year Built
1912
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$403
HOA
-
Days on market
-
Sold On
-
MLS number
SB25247710
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.29M(40th), sqft - 3200(20th), beds - undefined(50th), baths - undefined(50th).

This well-maintained multi-family property offers a fantastic opportunity for investors seeking a steady income stream. The front unit features a charming 3-bedroom, 2-bathroom single-family home, perfect for owner-occupants or as a premium rental. Behind it, you'll find a separate 4-unit building, each with 1 bedroom and 1 bathroom, ideal for maximizing rental income. Situated in a highly desirable Long Beach neighborhood, this property is close to local amenities, schools, and transportation options. Whether you're looking to add to your portfolio or start your investment journey, this is a rare opportunity you won’t want to miss!

Price History

Date
Event
Price
11/03/25
Listing
$1,290,000
02/22/16
Sold
$500,000
05/14/02
Sold
$45,000
Condition Rating
Fair
The property, built in 1912, is described as 'well-maintained,' suggesting regular upkeep. However, its historic age implies that major systems and interior finishes, particularly kitchens and bathrooms, are likely outdated, even if functional. The absence of interior photos, especially of these key areas, strongly indicates they have not undergone recent, extensive modern renovations. While not in disrepair, it would require significant updates to meet current quality and aesthetic standards.
Pros & Cons

Pros

Strong Income Diversification: Comprising a 3-bed/2-bath front unit and four 1-bed/1-bath units, the property offers multiple income streams, reducing vacancy risk and maximizing rental revenue.
Prime Long Beach Location: Located in a highly desirable Long Beach neighborhood, ensuring strong tenant demand due to proximity to amenities, schools, and transportation.
Owner-User/Premium Rental Flexibility: The front 3-bedroom unit provides the unique option for an owner-occupant to live on-site while generating income, or to command a premium rental rate.
Evident Property Upkeep: Described as 'well-maintained,' suggesting a property that has been cared for, potentially minimizing immediate capital expenditures for a new owner.
Scalable Investment Opportunity: Ideal for both seasoned investors looking to expand their portfolio and new investors seeking a robust entry into multi-family real estate.

Cons

Historic Property Age: Built in 1912, the property's age may imply potential for aging infrastructure (plumbing, electrical, roof) that could require significant capital investment in the future, despite being well-maintained.
Intensive Management Requirements: Operating five separate rental units can demand considerable time and effort for tenant management, maintenance coordination, and administrative tasks, potentially requiring professional property management.
Data Inconsistency (On-Market Date): The listed 'on_market_date' of '2025-11-03' is in the future, which is a significant data discrepancy that could indicate a listing error or cause confusion regarding the property's current availability.

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