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 8.7% 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 Bea
Property Details
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Map
What's Nearby
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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: $2950000Cash, 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 |
|---|---|---|---|---|---|
| 6170 Downey Avenue, Long Beach, CA, 90805 | $795,000 | 3 | 2 | 1,386 | 5,964 Sq. Ft |
| 6651 Coronado, Long Beach, CA, 90805 | $850,000 | 3 | 2 | 1,598 | 7,645 Sq. Ft |
| 6372 Raymond Avenue, Long Beach, CA, 90805 | $750,000 | 2 | 1 | 1,156 | 6,270 Sq. Ft |
| 6634 Minnesota, Long Beach, CA, 90805 | $599,000 | 2 | 1 | 816 | 4,800 Sq. Ft |
| 6639 Rose, Long Beach, CA, 90805 | $699,900 | 2 | 1 | 901 | 5,252 Sq. Ft |
| 1136 E 71st, Long Beach, CA, 90805 | $890,000 | 3 | 1 | 1,300 | 9,215 Sq. Ft |
| 5952 Gaviota, Long Beach, CA, 90805 | $709,900 | 2 | 1 | 960 | 4,750 Sq. Ft |
| 1685 E 60th Street, Long Beach, CA, 90805 | $688,975 | 3 | 2 | 1,382 | 4,695 Sq. Ft |
| 5832 Gaviota, Long Beach, CA, 90805 | $859,000 | 3 | 2 | 1,590 | 4,798 Sq. Ft |
| 6816 Cerritos Avenue, Long Beach, CA, 90805 | $949,998 | 4 | 3 | 1,519 | 4,104 Sq. Ft |
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ByOwner last updated this listing 10/03/2026 @ 15:07
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