$2,950,000
 $15,836 est/mo Sourced by Back At You

473 E 55th Street,Long Beach, CA 90805

Long Beach, CA 90805

Share:

PreviousNext

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.

Details

MLS #PW26208736
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1962
Days On Site37
Listing Provided BySteven M. Bogoyevac, Broker | Steven Bogoyevac

Features

SQ Feet7,592
Story(s)2
Units10
Building(s)1
ZoningLBR1N
Acreage0.16

Exterior

Lot FeaturesRectangular Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSuburban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area9 Poly High
Community NamePoly High (PH)
Listing VS Median (in Poly High (PH))
Price:
$2,950,000
low | high
Med:
$725,000
100% of Average
sqft:
7,592
low | high
Med:
1,333
100% of Average
$ / sqft:
$389
low | high
Med:
$544
10.027718794105% of Average
On site:
37
low | high
Med:
260
14.230769230769% of Average
Sourced by Back At You

Market Activity 90805

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Desert Lifestyle Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area9 Poly High
Community NamePoly High (PH)
Listing VS Median (in Poly High (PH))
Price:
$2,950,000
low | high
Med:
$725,000
100% of Average
sqft:
7,592
low | high
Med:
1,333
100% of Average
$ / sqft:
$389
low | high
Med:
$544
10.027718794105% of Average
On site:
37
low | high
Med:
260
14.230769230769% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.212M - $3.687M
sqft: 5,500 - 9,000
Nearby Listings Property ImageNearby Listings Details
5575 Atlantic Avenue Property Photo 1
$2,700,000
5575 Atlantic Avenue
Long Beach, CA 90805
Listing Updated: September 28, 2026 at 10:15:00 PM PDT