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

489 E 55th St East

^$ 1,499,000

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489 E 55th St East

Long Beach, CA, 90805

^$ 1,499,000

Bedrooms9 Baths5.0

Monthly Estimate*

^$ 9,230

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Multi-Family Home for sale in Long Beach, CA

for $1,499,000 with 9 bedrooms and 5 full baths. This home was built in 1965 on a lot size of 0.169995.

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.

Multi-Family Active

Price

^$ 1,499,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.169995

Year Built

1965

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

260007402

Features

General

Heating Forced Air Unit

Cooling Wall/Window

Utilities Sewer Connected

Roof Tile/Clay

Zoning LBR1N

HOA Fee 0.0

Security Features Other/Remarks

Construction Materials Stucco

Year Built 1965

Tenant Pays Other Fees

Levels 2 Story

Property Subtype Res Income 2-4 Units

Building Name Long Beach

County Los Angeles

Operating Expense 14693.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name North Long Beach (NLB)

Full Baths 5

Status ACTIVE

City Long Beach

Senior Community Y/N N

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 7405.0

Property Attached Y/N N

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

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Cap Rate 6.36

Freehold IDX

Exterior

Fencing Partial

Lot Size Area 0.17

Number of Buildings 1

Building Area Total 0.0

Waterfront Y/N N

Interior

Total Stories 2

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 9

Total Baths 5

* Excluded Features

List By

Lucca T Grassi

Listing Agent

Compass

Broker

(619) 301-3416

Phone

Affordability Calculator

$9,230

Per Month

Monthly Principal & Interest: $9,230
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,839,266

Percent of Sale Price 23%

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.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/30/2026	$1,499,000		Listed Price

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489 E 55th St East, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,499,000 with a lot size of 0.169995. 489 E 55th St East has 9 bedrooms, 5.0 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 6.25% 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.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 3/31/2026.

CA BRE #019180026.

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489 E 55th St East

Multi-Family Home for sale in Long Beach, CA

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