520 E Adams Street, Long Beach, CA 90805 - Berkshire Hathaway HomeServices California Properties
520 E Adams Street Long Beach, CA 90805
$4,800,000 0 beds, 0 baths
0 sqft

Agent Remarks

**Excellent Unit Mix of 1 & 2-Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** ----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room. --------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# PW25079143
List price is $4,800,000
Beds: 0
Baths: 0
Built in 1959
2 stories
0.61 acres
Lot size: 0.6075
County: Los Angeles
Zoning: LBR4R
MLS area: 699 - Not Defined

Last Updated: 4/11/2025

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.869603, -118.187127.
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Listing Agent: Doug Rodermund
Lic#: 01801928
Office Name: Sherman Oaks

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