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Investment Highlights

  • 3 Vacant Units | 3+2 SFR & 2 Brand New ADU's
  • Attractive Owner/User or Investment
  • Turnkey with Modern Finishes
  • Corner Lot with a Yard

Executive Summary

This offering consists of three units, including a classic Spanish front house rich with authentic old-world character and two newly constructed ADUs completed in 2026.
The front residence is a ±1,178 SF, 3-bedroom, 2-bath Spanish home featuring hallmark architectural details such as an arched picture window, barrel ceiling, mock fireplace, and hardwood floors throughout. The kitchen has been updated with white cabinetry, dishwasher, stackable washer/dryer, newer free-standing stove, refrigerator, and garbage disposal, complemented by an inviting breakfast nook. Additional features include ceiling fans, window A/C units, a fenced front yard with automatic sprinklers, a shared private side patio, and a covered front porch. The property is one block from the Long Beach City bicycle rental station and offers convenient access to the Atlantic Blvd bus line. Located at the rear of the property are two brand-new ADUs—498A and 498 E 52nd Street—both never occupied and designed with modern finishes and efficient layouts.
The lower ADU is a ±532 SF, 1-bedroom, 1-bath unit.
The upper ADU offers 2 bedrooms, 1 bath, and approximately ±784 SF.
Each ADU features private entrances, wood floors, A/C, tankless water heaters, in-unit washer/ dryers, double-pane windows, quartz countertops, dishwashers, and recessed lighting, delivering a turnkey living experience for future tenants. This property presents an exceptional opportunity for an owner-user or investor seeking strong rental income, modern construction, and a character-rich primary residence—all on one site.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $98,220 $39.38
Other Income - -
Vacancy Loss $2,947 $1.18
Effective Gross Income $95,273 $38.20
Taxes - -
Operating Expenses - -
Total Expenses $24,862 $9.97
Net Operating Income $70,411 $28.23

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $98,220
Annual Per SF $39.38
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $2,947
Annual Per SF $1.18
Effective Gross Income
Annual $95,273
Annual Per SF $38.20
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $24,862
Annual Per SF $9.97
Net Operating Income
Annual $70,411
Annual Per SF $28.23

Property Facts

Price $1,265,000
Price Per Unit $421,667
Sale Type Investment
Cap Rate 5.57%
Gross Rent Multiplier 12.88
No. Units 3
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Single-Family Home
Lot Size 0.17 AC
Building Size 2,494 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1929/2026
Parking Ratio 0.8/1,000 SF
Opportunity Zone Yes
Zoning LBR1

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,995 532
2+1 1 $2,595 784
3+2 1 $3,595 1,178
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
  • Listing ID: 40428375

  • Date on Market: 5/6/2026

  • Last Updated:

  • Address: 496 E 52nd St, Long Beach, CA 90805

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