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For sale
  • Listing Provided by: 

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    $2,925,000

    555 E Adams St, Long Beach, CA 90805

    16beds
    16baths
    10,310sqft
    : 
    Multi Family
    Built in 1958
    -- sqft lot
    $2,852,000 Zestimate®
    $284/sqft
    $-- HOA

    What's special

    Community poolCovered parkingOn-site laundry roomGated access
    **Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $182,813/Unit & $283/SF** **9.84 GRM & 6.7% Cap Rate on Current Income** **7.98 GRM & 9.0% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
    43 days
    on Zillow
    |
    68
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 10, 2025 at 10:22am

    Listing Provided by:

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    Source: CRMLS,MLS#: PW25079249MLS LogoOriginating MLS: California Regional MLS
    Travel times

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    We’ll find a local expert to take you on a private tour of 555 E Adams St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 16
    Appliances
    • Laundry: Community
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 10,310
    • Total interior livable area: 10,310 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Carport
    • Carport spaces: 16
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Has private pool: Yes
    • Pool features: Private, Fenced, In Ground
    Lot
    • Size: 0.34 Acres
    • Features: Lot 10000-19999 Sqft
    Details
    • Parcel number: 7115028013
    • 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: 1958

    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: $284/sqft
    • Date on market: 4/10/2025
    • Income includes: Laundry
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