**Excellent Unit Mix of 1 & 2-Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** ----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
For sale
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
$4,800,000
520 E Adams St #776F18CCB, Long Beach, CA 90805
30beds
26baths
17,520sqft
Est.:
Multi Family
Built in 1959
-- sqft lot
$4,619,700 Zestimate®
$274/sqft
$-- HOA
What's special
Community poolCovered parkingOn-site laundry roomGated access
- 43 days
- on Zillow |
- 141 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 10:21am
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Source: CRMLS,MLS#: PW25079143
Originating MLS: California Regional MLS

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 26
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 17,520
- Total interior livable area: 17,520 sqft
Property
Parking
- Total spaces: 26
- Parking features: Carport
- Carport spaces: 26
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Has private pool: Yes
- Pool features: Private, Fenced, In Ground
Lot
- Size: 0.61 Acres
- Features: Lot 20000-39999 Sqft
Details
- Parcel number: 7115028010
- Zoning: LBR4R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Gutters, Sidewalks
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $274/sqft
- Date on market: 4/10/2025
- Total actual rent: 38099
- Income includes: Laundry
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