473 E 55th Street
Long Beach, CA 90805
5
Bed
3
Bath
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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Building Information
Year Built: 1962Building Area Total: 7592Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6963 Lot Size Acres: 0.1598 Lot Size Source: Assessor Lot Size Square Feet: 6,963 Lot Description: RectangularLotProperty Information
Subdivision: Poly High (PH) Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 64
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Listing Price Information
Listing Price: $2925000Cash, CashToNewLoan
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Tax Information
Parcel Number: 7127024033 Tax Lot: 896
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Parking Information
Parking Total: 6
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Location Information
Direction: West of Atlantic East of Elm WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6535 Downey, Long Beach, CA, 90805 | $839,900 | 3 | 2 | 1,082 | 1,082 SqFt |
| 6170 Downey Avenue, Long Beach, CA, 90805 | $795,000 | 3 | 2 | 1,386 | 1,386 SqFt |
| 3070 E 70th, Long Beach, CA, 90805 | $675,000 | 2 | 1 | 942 | 942 SqFt |
| 6651 Coronado, Long Beach, CA, 90805 | $850,000 | 3 | 2 | 1,598 | 1,598 SqFt |
| 6240 Obispo, Long Beach, CA, 90805 | $630,000 | 4 | 2 | 1,249 | 1,249 SqFt |
| 6634 Minnesota, Long Beach, CA, 90805 | $635,000 | 2 | 1 | 816 | 816 SqFt |
| 6639 Rose, Long Beach, CA, 90805 | $749,999 | 2 | 1 | 901 | 901 SqFt |
| 5952 Gaviota, Long Beach, CA, 90805 | $719,900 | 2 | 1 | 960 | 960 SqFt |
| 5832 Gaviota, Long Beach, CA, 90805 | $859,000 | 3 | 2 | 1,590 | 1,590 SqFt |
| 6816 Cerritos Avenue, Long Beach, CA, 90805 | $949,999 | 4 | 3 | 1,519 | 1,519 SqFt |
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ByOwner last updated this listing 08/18/2026 @ 15:52
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