473 E 55th Street, Long Beach, CA 90805

Local realty services provided by:Better Homes and Gardens Real Estate Champions
473 E 55th Street,Long Beach, CA 90805
$2,850,000
  • - Beds
  • - Baths
  • 7,592 sq. ft.
  • Multi-family
  • Active
Listed by:steven bogoyevac
Office:steven m. bogoyevac, broker
MLS#:PW25148000
Source:CRMLS

Price summary

  • Price:$2,850,000
  • Price per sq. ft.:$375.4

About this home

10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Large unit mix of 9 (2bed/1bath) units and 1 (1bed/1bath) unit including 2 brand-new attached ADUs. Most units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) for future upside. The property also offers on-site laundry and parking that generates additional income. Prime North Long Beach location minutes from the beach and 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

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Home facts

  • Year built:1962
  • Listing ID #:PW25148000
  • Added:86 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Living area:7,592 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:7,592 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,850,000
  • Price per sq. ft.:$375.4
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