4851 Faculty Avenue, Long Beach, California 90808, Long Beach, - bed, bath
ACTIVE$1,599,000
4851 Faculty Avenue, Long Beach, California 90808
0Bed
0Bath
2,451Sqft
7,731Lot
Year Built
1943
Close
-
List price
$1.6M
Original List price
$1.68M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24187025
Home ConditionGood
Features
Patio
View-
About this home
Single Family Residence with a permitted ADU and Jr. ADU. Great Lakewood Village Location. Owner can live in one unit and rent the other two units. The original house is a 3 bedroom 2 bathroom consisting of approximately 1046 square feet. The ADU is a free-standing 2 bedroom, 2 bathroom consisting of approximately 942 square feet. The Jr. ADU is a studio apartment consisting of approximately 463 square feet. All three units have separate entrances, fenced yard areas, new HVAC systems and separately metered utilities. The ADU and Jr. ADU were built with permits in 2023.
Nearby schools
7/10
Twain Elementary School
Public,•K-5•0.5mi
8/10
Holmes Elementary School
Public,•K-5•0.7mi
6/10
Burcham Elementary School
Public,•K-5•1.9mi
7/10
Bancroft Middle School
Public,•6-8•0.6mi
6/10
Gompers K-8
Public,•K-8•0.9mi
8/10
Marshall Academy Of The Arts
Public,•6-8•2.2mi
5/10
Lakewood High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
11/28/12
Sold
$399,000
08/26/04
Sold
$550,000
Condition Rating
Good
The property consists of an original house built in 1943 and two permitted ADUs built in 2023. The ADUs are new construction, while the original house has likely been updated. The images show modern kitchens and bathrooms in the ADUs. Given the mix of old and new, and the overall updated appearance, a 'Good' rating is appropriate. The new HVAC systems also contribute to this rating.
Pros & Cons
Pros
Income Potential: The property features a main house, a permitted ADU, and a Jr. ADU, offering significant rental income potential.
New HVAC Systems: All three units have new HVAC systems, reducing potential maintenance costs and increasing tenant appeal.
Separately Metered Utilities: Each unit has separately metered utilities, simplifying billing and management for the owner.
Cons
Year Built: The original house was built in 1943, which may require updates or renovations to meet modern standards.
Lot Size: The lot size is 7731 sqft, which might be considered small for a property with three units, potentially limiting outdoor space.