11
See all 11 photos
$2,995,000
Est. payment /mo
6,960 Sqft Lot
New
473 E 55th ST Long Beach, CA 90805
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID PW25148000
HOA Y/N No
Year Built 1962
Lot Size 6,960 Sqft
Property Sub-Type Mixed Use
Property Description
Stunning turnkey investment property located at 473 East 55th Street in Long Beach, California. The property is a 1962 construction with a sought-after mix of nine two-bed/one-bath units and one one-bed/one-bath unit; two of the units are brand new attached ADU's.
Most of the units have been thoughtfully updated and boast new modern yet timeless flooring, kitchens, and bathrooms to attract a solid tenant base and demand strong rents. The property also offers on-site laundry that generates additional income, and all units are separately metered for gas and electricity to reduce owner expenses.
473 East 55th Street is located in North Long Beach central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
Most of the units have been thoughtfully updated and boast new modern yet timeless flooring, kitchens, and bathrooms to attract a solid tenant base and demand strong rents. The property also offers on-site laundry that generates additional income, and all units are separately metered for gas and electricity to reduce owner expenses.
473 East 55th Street is located in North Long Beach central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7127024033
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker steve.bogoyevac@marcusmillichap.com