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Listed by: Steven Bogoyevac (562) 257-1231 DRE #01332755 | Steven M. Bogoyevac, Broker (562) 436-5800
$2,925,000
5 Beds
3 Baths
--sqft
473 E 55Th St, Long Beach, CA 90805
$2,925,000
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Mixed Use
Built in 1962
$-- HOA
6,963 sqft lot
--/sqft
Description
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 t...
Continue Reading- Houzeo last checked: 54 minutes ago
- Listing updated: July 23, 2026 at 8:18 pm
- Source: California Regional MLS-CA | MLS#: PW26083293
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1962
HOA Fees
-
Finished Area
- sqft
Lot Size
6,963 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26083293
MLS Status
Active
Days on Market
13
Cumulative Days on Market
371
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