4851 Faculty Avenue, Long Beach, California 90808, Long Beach, - bed, bath
ACTIVE$1,595,000
4851 Faculty Avenue, Long Beach, California 90808
5Beds
5Baths
2,451Sqft
7,731Lot
Year Built
1943
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25134230
Home ConditionGood
Features
Patio
View-
About this home
Single Family Residence with a permitted ADU & 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 1,046 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
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (157 Listings) | |
|---|---|---|---|
| Beds | 5 | 3 | 92% |
| Baths | 5 | 2 | 96% |
| Square foot | 2,451 | 1,513 | 91% |
| Lot Size | 7,731 | 5,600 | 87% |
| Price | $1.59M | $1.07M | 94% |
| Price per square foot | $651 | $719 | 30% |
| Built year | 1943 | 9755976 | 13% |
| HOA | |||
| Days on market | 138 | 154 | 42% |
Condition Rating
Good
The property consists of a main house built in 1943 and two permitted ADUs built in 2023. The ADUs are new construction, while the main house appears to have been updated, featuring hardwood floors and updated bathrooms. The kitchen in the original house appears dated. Given the mix of new and updated construction, a 'Good' rating is appropriate. The description mentions new HVAC systems for all units, which is a positive factor.
Pros & Cons
Pros
Multiple Income Streams: The property features a main house, a permitted ADU, and a Jr. ADU, offering significant rental income potential.
New HVAC Systems: All three units are equipped with new HVAC systems, reducing immediate maintenance concerns and improving tenant comfort.
Separately Metered Utilities: Each unit has separately metered utilities, simplifying billing and expense management for the owner.
Great Location: Located in the desirable Lakewood Village, offering a blend of community feel and convenient access to amenities.
Turnkey Rental Opportunity: With separate entrances and fenced yard areas for each unit, the property is well-suited for immediate rental use.
Cons
Year Built: Built in 1943, the original house may require updates or renovations to meet modern standards.
Lot Size: The lot size of 7731 sqft, while adequate, might be smaller compared to other properties in the area, potentially limiting expansion possibilities.
Original House Size: The original house is 1046 sqft, which may be small for some families.