1187 E 3rd St, Long Beach, CA 90802

2 bd · 2 ba · 1,041 sqft · built 1969 · Long Beach · CONDOS·source listing ↗

$439,900

$499,999 first listed

seller intel

Price cut

−12.0%

from $499,999

Motivation score

50/100

OnePercent model (vv1)$2,914/mo

p10–p90 confidence band

HUD Fair Market Rent · 90802 · 2BR$2,760/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Los Angeles

Flood risk indexVery High FEMA NRI

Median household income$74,510

Median area rent$1,968/mo

Median home value$542,600

the verdict

0.66%vs 0.8% target

financing: 20% down · — (FRED, live) · 30yr

$439,900

0.66% · rent $2,914

Intrinsic value · income approach

$617,208

29% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.