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Listed by: Steven Bogoyevac (562) 257-1231 DRE #01332755 | Steven M. Bogoyevac, Broker (562) 436-5800
$2,950,000
Monthly Est:$14,683
5 Beds
3 Baths
7,592sqft
473 E 55th Street, Long Beach, CA 90805
$2,950,000
$14,683/moEst:
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Mixed Use
Built in 1962
$-- HOA
6,963 sqft lot
$389/sq.ft
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 8.7% 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 Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
- Houzeo last checked: 1 minute ago
- Listing updated: October 8, 2026 at 5:06 am
- Source: California Regional MLS-CA | MLS#: PW26208736
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1962
HOA Fees
-
Finished Area
7,592 sqft
Lot Size
6,963 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26208736
MLS Status
Active
Days on Market
41
Cumulative Days on Market
444
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
None
Water Source
Public
Laundry Features
Common Area
Other Features
Community Features
Suburban
Lot Features
Rectangular Lot
Subdivision Name
Poly High (ph)
Price History
| Date | Event | Price |
|---|---|---|
09/24/2026 Source: | Listed for Sale | $2,950,000 +0.85% $389/sqft |
07/23/2026 Source: | Off Market | $2,925,000 $385/sqft |
04/17/2026 Source: | Listed for Sale | $2,925,000 $385/sqft |
10/14/2025 Source: | Price Increased | $2,925,000 +2.63% $385/sqft |
07/01/2025 Source: | Off Market | $2,850,000 -4.84% $375/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 08:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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