555 E Adams St Long Beach, CA 90805
DeForest Park NeighborhoodEstimated payment $19,220/month
Total Views
3,711
1
Bed
1
Bath
10,310
Sq Ft
$284
Price per Sq Ft
Highlights
- In Ground Pool
- 0.34 Acre Lot
- Laundry Room
About This Home
**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $182,813/Unit & $283/SF**
**9.84 GRM & 6.7% Cap Rate on Current Income**
**7.98 GRM & 9.0% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room.
--------Also for sale are neighboring properties of 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
Listing Agent
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 0.34 Acre Lot
- Two or More Common Walls
Home Design
- Apartment
Interior Spaces
- 10,310 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Leased Washer and Dryer
Parking
- 16 Parking Spaces
- 16 Carport Spaces
Pool
- In Ground Pool
- Fence Around Pool
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 23289
- Assessor Parcel Number 7115028013
- $4,307 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $6,319
- Fuel Expense $6,319
- Gardener Expense $2,120
- Insurance Expense $4,445
- Maintenance Expense $8,360
- Other Expense $1,000
- Pest Control $960
- Pool Expense $3,160
- Trash Expense $6,319
- Water Sewer Expense $6,319
- New Taxes Expense $40,583
- Operating Expense $91,905
- Gross Income $2,700
- Net Operating Income $196,476
Additional Features
- 16 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | For Sale | $2,925,000 | -- | $284 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25079249
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