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
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25134547
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
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 and would be considered excellent. The main house appears to have been updated, with hardwood floors and updated bathrooms. The kitchen in the main house appears older but functional. Overall, the property is in good condition, move-in ready, and well-maintained.
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 maintenance costs and increasing tenant appeal.
Separately Metered Utilities: Each unit has separately metered utilities, simplifying billing and reducing landlord responsibilities.
Permitted ADUs: The ADU and Jr. ADU were built with permits in 2023, ensuring compliance and adding value.
Separate Entrances and Yards: Each unit has its own entrance and fenced yard area, providing privacy and enhancing tenant satisfaction.
Cons
Year Built: The original house was built in 1943, which may require updates or renovations in the future.
Lot Size: The lot size is 7731 sqft, which might be considered small for a triplex.
Lakewood Village Location: While Lakewood Village is generally desirable, specific micro-locations within it can vary in appeal.