401 E 55th Long Beach, CA ^$ 1,500,000

401 E 55th

^$ 1,500,000

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401 E 55th

Long Beach, CA, 90805

^$ 1,500,000

Studio Baths1.0 Sq 3,782

Monthly Estimate*

^$ 9,358

Listed by Morgan Skenderian

401 E 55th, Long Beach, CA 90805 - Image 1

401 E 55th, Long Beach, CA 90805 - Image 2

401 E 55th, Long Beach, CA 90805 - Image 3

401 E 55th, Long Beach, CA 90805 - Image 4

401 E 55th, Long Beach, CA 90805 - Image 5

401 E 55th, Long Beach, CA 90805 - Image 6

401 E 55th, Long Beach, CA 90805 - Image 7

401 E 55th, Long Beach, CA 90805 - Image 8

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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,500,000 with 1 full bath. This 3,782 square foot home was built in 1963 on a lot size of 0.1003.

The Corner @ 55th offers an investor the opportunity to acquire a pride of ownership, professionally-managed property in an excellent rental market. The property has undergone numerous renovations, and contains an excellent unit mix of large 1 & 2-bedroom units. || Renovated Property Near Bixby Knolls || Excellent Mix of Large 1 & 2-Bedroom Units || Corner Location || Professionally-Managed || Possible ADU Conversion of Garages || 7.9% CAP on Current Rents

Multi-Family Active

Price

^$ 1,500,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 20,260

Style

Lot Size

0.1003

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW25263083

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 2

Pool Features None

Year Built 1963

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 300

Community Features Curbs Gutter(s) Sidewalks

County Los Angeles

Net Operating Income 118168

Operating Expense 31662

Insurance Expense 2677

New Construction false

Property Type Residential Income

MaintenanceExpense 3000

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions West of Atlantic Ave and North of Market Street

City Long Beach

Entry Location 1

Senior Community Y/N false

Open Parking Spaces 6

Number Of Units Total 6

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 4371

Listing Terms Conventional

Property Attached Y/N true

Land Lease Y/N false

Tax Annual Amount 20260

Electric Expense 540

Fuel Expense 540

Trash Expense 540

Water Sewer Expense 540

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Appraiser

Tax Lot 879

Total Actual Rent 12847

Property Sub Type Additional Apartment

Taxes 20260

Cap Rate 7.9

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Lot Features Corner Lot

Water Source Public

Total Parking 8

Lot Size Area 4371

Number of Buildings 1

Building Area Total 3782

Lot Size Acres 0.1003

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 7

Number of Separate Electric Meters 7

* Excluded Features

List By

Morgan Skenderian

Broker

dsr@morganskenderian.com

Affordability Calculator

$11,046

Per Month

Monthly Principal & Interest: $9,358
Monthly Property Taxes: $1,688
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,856,477

Percent of Sale Price 24%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/22/2025	$1,500,000		Listed Price

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401 E 55th, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,500,000 with 3,782 sqft and a lot size of 0.1003. 401 E 55th is a studio with 1.0 baths and was built in 1963. The property's zip code is 90805 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/24/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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401 E 55th

Multi-Family Home for sale in Long Beach, CA

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