473 E 55th Street
Long Beach, CA 90805
0
Bed
0
Bath
7,592Sqft
6,963Sqft(Lot)
10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6% from day 1! Large unit mix of 9 (2bed/1bath) units and 1 (1bed/1bath) unit including 2 brand-new attached ADUs. Most units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) for future upside. The property also offers on-site laundry and parking that generates additional income. Prime North Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1962 Building Area Total: 7,592 -
Pool Features
NoneLaundry Features
Common Area
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1598 -
Lot Size Source: Assessor Lot Size Square Feet: 6963
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Listing Price Information
Original List Price: 2,925,000 Listing Contract Date: 2026-04-17 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7127024033
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Other Property Info
Source Listing Status: Active Source Neighborhood: 9 - Poly High Directions: West of Atlantic East of Elm Zoning: LBR1N Source Property Type: Residential Income Area: 9 - Poly High Property SubType: Mixed Use -
Building and Construction
Property Age: 64 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1656 E 63rd, Long Beach, CA, 90805 | $849,000 | 3 | 2 | 1,526 | 1,526 SqFt |
| 7071 Orange, Long Beach, CA, 90805 | $569,000 | 2 | 1 | 926 | 926 SqFt |
| 5832 Gaviota, Long Beach, CA, 90805 | $859,000 | 3 | 2 | 1,590 | 1,590 SqFt |
| 6147 Gundry, Long Beach, CA, 90805 | $1,050,000 | 4 | 4 | 2,425 | 2,425 SqFt |
| 6449 Lemon Avenue, Long Beach, CA, 90805 | $765,000 | 2 | 1 | 1,110 | 1,110 SqFt |
| 6841 Millmark, Long Beach, CA, 90805 | $869,000 | 4 | 3 | 1,400 | 1,400 SqFt |
| 6050 Olive Avenue, Long Beach, CA, 90805 | $525,500 | 4 | 2 | 1,764 | 1,764 SqFt |
| 800 E South Street, Long Beach, CA, 90805 | $764,000 | -- | -- | 1,820 | 1,820 SqFt |
| 6475 S Atlantic Avenue .., Long Beach, CA, 90805 | $200,000 | 4 | 2 | 1,152 | 1,152 SqFt |
| 6068 Atlantic Avenue, Long Beach, CA, 90805 | $3,395,000 | 12 | -- | 6,966 | 6,966 SqFt |
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ByOwner last updated this listing 06/12/2026 @ 00:41
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