555 E Adams Street, Long Beach, CA 90805 - Berkshire Hathaway HomeServices California Properties

555 E Adams Street, Long Beach, CA 90805

$2,925,000 Approx. USD 0 beds, 0 baths

New Listing

Listing Agent


Doug Rodermund | dsr@morganskenderian.com
Lic#: 01314304
Broker: Courtesy of Morgan Skenderian

Agent Remarks

**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $182,813/Unit & $283/SF** **9.84 GRM & 6.7% Cap Rate on Current Income** **7.98 GRM & 9.0% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# PW25079249
Price: $2,925,000
Beds: 0
Baths: 0
Built in 1958
2 stories
0.34 acres
Lot size: 0.3418
County: Los Angeles
Zoning: LBR4R
MLS area: 699 - Not Defined

Last Updated: 4/11/2025

 Days On Market (DOM): 10

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.870051, -118.186196.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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