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440 N Zona Court, Long Beach, California 90802, Long Beach, 90802 - bed, bath

440 N Zona Court, Long Beach, California 90802 home-pic-0
ACTIVE UNDER CONTRACT$975,000
440 N Zona Court, Long Beach, California 90802
0Bed
0Bath
1,846Sqft
2,546Lot
Year Built
1940
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
SB25234349
Home ConditionGood
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $975.0K(27th), sqft - 1846(27th), beds - undefined(50th), baths - undefined(50th).

Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100

Nearby schools

7/10
Stevenson Elementary School
Public,•K-5•0.2mi
6/10
Burbank Elementary School
Public,•K-5•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•0.2mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.8mi
6/10
Polytechnic High School
Public,•9-12•1.0mi
6/10
Wilson High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
10/07/25
Listing
$975,000
05/22/20
Sold
$720,000
05/30/96
Sold
$16,500
Condition Rating
Good
This 1940-built property benefits from significant recent upgrades since 2020, including newer electrical panels, new/refreshed roofs, full exterior paint, and a remodel of the front house and one studio. The main house features a modern, renovated kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and a subway tile backsplash, along with a similarly updated bathroom. While the other two studios show older, but clean, kitchens and bathrooms with basic appliances and finishes, the overall property is move-in ready. The major system updates and the high quality of the renovated units elevate its condition beyond 'Fair', making it 'Good' despite the age of the unrenovated studio interiors.
Pros & Cons

Pros

Prime Location & Walkability: Situated in the highly desirable Alamitos Beach, just outside Downtown Long Beach's East Village Arts District, offering exceptional walkability (Walk Score 94/100) to the beach, downtown, and Retro Row.
Strong Financial Performance & Upside: A well-priced 4-unit property demonstrating strong financial metrics with a 12.8X GRM (9% upside to 11.8X GRM) and over a 5% cap rate, indicating solid income potential and investment growth.
Extensive Recent Capital Improvements: Significant upgrades since 2020, including newer electrical panels, new/refreshed roofs, full exterior paint, and remodels in the front house and one studio, minimizing immediate capital expenditures for a new owner.
Historic Charm & Renovated Main Unit: The front bungalow retains historic character with hardwood floors and craftsman built-ins, complemented by recent renovations to the bathroom, kitchen, and interior, enhancing its appeal.
Operational Efficiency with Separate Metering: All units are separately metered for gas and electric, providing operational efficiency and reducing landlord utility management responsibilities and costs.

Cons

Age of Structure: Built in 1940, the property, despite recent upgrades, may still present potential for underlying maintenance issues related to its age in areas not explicitly renovated.
Limited Lot Size: With a lot size of 2,546 sqft for a 4-unit property, outdoor common areas or individual tenant amenity spaces may be limited.
Lack of Specific Views: The property does not offer specific desirable views (e.g., ocean, city skyline), which could be a factor for some buyers seeking premium coastal property features.

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