489 E 55th St E Long Beach, CA $ 1,499,000
489 E 55th St E
$ 1,499,000
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489 E 55th St E

Long Beach, CA, 90805
$ 1,499,000
Baths1.0

Monthly Estimate*

$ 9,230

Listed by Compass
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,499,000 with 1 full bath. This home was built in 1965 on a lot size of 0.17.

4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 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 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.

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Multi-Family Active

Price

$ 1,499,000

Bedrooms

Studio

Full Bath

1

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

260007402SD

Days on Market

1

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 false
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
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Fencing Partial
Total Parking 0
Lot Size Area 7405
Park Name Long Beach
Number of Buildings 1
Spa false
Lot Size Acres 0.17
Lot Size Source Public Records
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* Excluded Features
List By
Compass

Broker

luccagrassirealty@gmail.com

Email

Affordability Calculator

$9,230
Per Month
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Monthly Principal & Interest
$9,230
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/30/2026$1,499,000 Listed Price

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489 E 55th St E, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,499,000 with a lot size of 0.17. 489 E 55th St E is a studio with 1.0 baths and was built in 1965. The property's zip code is 90805 which is in Long Beach, CA