489 E 55th St E Long Beach, CA ^$ 1,499,995

489 E 55th St E

^$ 1,499,995

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489 E 55th St E

Long Beach, CA, 90805

^$ 1,499,995

Studio Baths2.0

Monthly Estimate*

^$ 9,358

Listed by Compass

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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,499,995 with 2 full baths. This home was built in 1965 on a lot size of 0.17.

Turn Key 4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a fully occupied, income producing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a true turn key investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.

Multi-Family Active

Price

^$ 1,499,995

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.17

Year Built

1965

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

250030572SD

Days on Market

195

Features

General

Heating Forced Air

Cooling Wall/Window Unit(s)

Zoning LBR1N

HOA Fee 0

Year Built 1965

Stories Count 2

Levels Two

County Los Angeles

Net Operating Income 95347

Property Type Residential Income

Status Active

Directions CrossStreet: Linden Ave

City Long Beach

Senior Community Y/N 0

Number Of Units Total 4

Lot Size Units Square Feet

Lot Size Square Feet 7405

Listing Terms Cash Conventional Cal Vet Loan VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/snd/250030572

Standard Status Active

Cap Rate 6.36

Interior

Total Stories 2

Air Conditioning Y/N 1

Heating Y/N 1

Total Baths 0

Exterior

Fencing Partial

Total Parking 0

Lot Size Area 7405

Park Name Long Beach

Number of Buildings 1

Spa 0

Lot Size Acres 0.17

Lot Size Source Public Records

* Excluded Features

List By

Compass

Broker

luccagrassirealty@gmail.com

Affordability Calculator

$9,358

Per Month

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

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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
11/20/2025	$1,499,995		Listed Price

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489 E 55th St E, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,499,995 with a lot size of 0.17. 489 E 55th St E is a studio with 2.0 baths and was built in 1965. 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 12/25/2025. 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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489 E 55th St E

Multi-Family Home for sale in Long Beach, CA

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