473 E 55th Street

Long Beach , CA 90805

MLS#: PW25148000

$2,995,000

Status: Active
Listing number: PW25148000
Listing provided by: Steven M. Bogoyevac, Broker
Listing agent phone: None
Last update: a day ago
On site: 26 days ago
Browse Properties
Poly High (PH) - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1962

Sq.Footage

N/A

10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6% 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 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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.1598

  • Property Type

    Residential Income

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $2,995,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    896

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Steven Bogoyevac , Steven M. Bogoyevac, Broker

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6% 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 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.

473 E 55th Street

Message successfully sent.

What would you like to know?

Related Properties

We are pleased to present 939 Pacific Avenue, a fully renovated thirteen-unit apartment complex located just outside the historic Drake Park/Willmore City neighborhood in Downtown Long Beach. Situated less than a block from the K-9 Corner Dog Park and a short bike ride to The Promenade and City Place Shopping Center, this property benefits from the continued revitalization of the Downtown Long Beach corridor. Tenants enjoy walkable access to retail, dining, entertainment, and major employment centers, along with excellent transit connectivity and a Walk Score of 93. The property consists of thirteen (13) spacious 1-bedroom/1-bathroom units, each averaging approximately 600 square feet. All units were fully remodeled by the previous owner in 2018–2019 with high-end finishes including quartz countertops, real wood shaker cabinetry, recessed lighting, stainless steel appliances, ceramic tile in wet areas, updated electrical, and new flooring. Exterior improvements during the same period included new dual-pane vinyl windows, fencing and gates, drought-tolerant landscaping, garage doors with openers, upgraded lighting, and a permitted outdoor BBQ area. In 2023, the current owner repaired or replaced all HVAC units as needed and upgraded the main electrical panel—demonstrating pride of ownership and a commitment to ongoing maintenance. Additional features include a coin-operated laundry room that generates supplemental income and a storage room that is currently unused, offering potential for added income or repurposing. The property also includes six (6) on-site garages, two of which are currently not in use and may be rented for additional income or potentially converted to ADUs (buyer to verify). One unit is currently move-in ready, offering immediate upside through lease-up at market rent. Priced at a 5.5% cap rate with over 11% rental upside, 939 Pacific Avenue offers investors a well-maintained, turn-key asset in one of Long Beach’s most supply-constrained and appreciating coastal submarkets.
#SB25149498

Long Beach

939 Pacific Avenue

None Beds

None Baths

7,836 Sq.Ft.

$3,000,000

MLS#: SB25149498

Now available in the heart of Long Beach, this well-maintained 9-unit income property presents an outstanding investment opportunity. Spanning approximately 7,093 square feet of rentable space, the building is fully gated and features secure entry, onsite parking, and a functional mix of unit layouts. Several units have been thoughtfully updated with newer flooring, fresh paint, upgraded kitchens, and remodeled bathrooms, offering comfortable and appealing living spaces for tenants. The property includes a shared laundry area and benefits from low-maintenance landscaping and a clean, organized exterior. Located in a highly accessible area near major freeways, public transit, shopping centers, and local schools, this asset draws consistent tenant interest. With strong rental demand in the Long Beach market and value-add potential, this is a prime opportunity for both seasoned investors and buyers looking to build long-term wealth through real estate.
#PW25143605

Long Beach

1083 Gaviota Avenue

None Beds

None Baths

7,093 Sq.Ft.

$2,500,000

MLS#: PW25143605

Nestled in the highly desirable East Long Beach area, this charming 8-unit apartment building offers a fantastic investment opportunity. Built in 1956, the property combines mid-century charm with modern convenience. With 7 well-maintained one-bedroom, one-bathroom units and 1 spacious two-bedroom, one-bathroom unit, this property caters to a variety of tenants' needs. Each unit is separately metered for gas and electricity, providing ease of management and cost control. Tenants enjoy the convenience of on-site parking, with 5 single-car garage spaces and 4 open parking spaces available. The property's landscaping is designed for low maintenance, reducing operational costs while maintaining an attractive curb appeal. This thoughtful landscaping choice appeals to potential tenants while also easing the landlord's responsibilities. One of the key selling points of this investment is the potential for increased rental income. Long Beach's rental market has shown consistent growth, and this property offers an opportunity to capitalize on that trend. The unit mix provides versatility, attracting a wide range of tenants, and the separately metered utilities allow for fair billing practices. Location is paramount in real estate, and this property excels in that regard. Situated in East Long Beach, it benefits from proximity to schools, parks, shopping, and dining. Easy access to major transportation routes further enhances its appeal. Investors looking for a promising multi-family property with enduring upside potential will find this 8-unit apartment building in Long Beach to be an attractive addition to their portfolio. Whether you're seeking a stable income stream or a long-term investment with room for growth, this property is worth considering. Don't miss out on this opportunity to own a piece of East Long Beach real estate history.
#OC25136674

Long Beach

1445 Coronado Avenue

None Beds

None Baths

5,328 Sq.Ft.

$2,500,000

MLS#: OC25136674

Huge Price Reduction! Bring All Offers -Welcome to The Louis - Priced at an in-place 6.03% cap rate, the Louis iis a full renovated 12 unit apartment complex located in the heart of Long Beach, CA. This well-maintained property is comprised of (2) spacious 2-bedroom/1-bath units and (10) 1-bedroom/1-bath units, all of which were extensively remodeled with permits in 2019. Interiors feature modern finishes, and the units remain in excellent condition. That same year, the exterior received a full facelift, including new paint and a refreshed façade, enhancing the building’s curb appeal. The property benefits from a stable tenant base, with approximately 10% rental upside remaining—offering investors immediate cash flow and future growth potential. Additionally, there are (6) on-site garages that present a compelling value-add opportunity: potential conversion into (3) ADUs (Accessory Dwelling Units), subject to Buyer verification. The Louis offers a rare blend of updated construction, long-term tenancy, and upside in one of Long Beach’s most active rental markets.
#RS25135898

Long Beach

1106 Pacific Avenue

None Beds

None Baths

8,203 Sq.Ft.

$3,150,000

MLS#: RS25135898

1242 Cedar Avenue is a 12-unit apartment asset located in Downtown Long Beach. The asset is priced at 6.57% cap rate and 10.12 GRM at current rents. The property is comprised of (9) 1 Bed/1Bath units and (3) 2 Bed/1 Bath units. Seven of the 12 units are fully renovated with new flooring and modern kitchens and baths featuring designer fixtures and finishes. The secured-access building has undergone key capital improvements, including new windows, fresh exterior paint, and upgraded electrical systems throughout. Additional income is generated from on-site parking and tenant- accessible laundry facilities. With a Walk Score of 89, the property is ideally positioned for tenant convenience, offering close proximity to a wide range of amenities, including shops, restaurants, and entertainment venues. The location is also within walking distance of the East Village Arts District, one of Long Beach’s most vibrant and sought-after neighborhoods, known for its creative energy and strong rental demand. 1242 Cedar Avenue offers investors a well-maintained asset with upside in an infill location experiencing continued growth and revitalization.
#PW25124049

Long Beach

1242 Cedar Avenue

None Beds

None Baths

7,166 Sq.Ft.

$2,490,000

MLS#: PW25124049

A Masterfully Reimagined Investment Opportunity: Step into the heart of Belmont Heights—Long Beach’s most sought-after and architecturally rich enclave—where historic charm seamlessly blends with modern refinement. This exceptional multifamily estate has been extensively transformed, combining timeless elegance with high-end finishes to set a new standard for turnkey investment excellence. A rare opportunity for the selective investor, offering both lasting value and sophistication. This premier fourplex has been extensively renovated with premium finishes, providing the perfect mix of classic charm and contemporary luxury. The charming Spanish-style duplex has been fully updated for modern living, featuring all-new gourmet kitchens, beautifully remodeled bathrooms, luxury vinyl plank flooring, mini-split climate control systems, upgraded electrical, and entirely new plumbing throughout. Further adding to the property’s value and versatility are two newly constructed accessory dwelling units (ADUs), seamlessly integrated into the estate. Each ADU is designed for privacy, functionality, and aesthetic appeal, with private in-unit laundry, well-appointed interiors, and thoughtful floor plans that offer both comfort and efficiency. Additionally, the property includes four generously sized garages, providing secure parking and added convenience for tenants or owners. The craftsmanship and attention to detail are evident in every corner—too many enhancements to list here. Please inquire for a full list of improvements!
#PW25095992

Long Beach

259 Park Avenue

None Beds

None Baths

4,302 Sq.Ft.

$3,200,000

MLS#: PW25095992

Price Reduction! 8 Renovated and 100% Occupied units, cash flowing at an amazing Current Cap Rate of 6.25% from day 1! Attractive 2.05M assumable financing at an incredibly low interest rate of 4.9% fixed through 01/01/2028. Large unit mix of 4 (3Bed/1.5Bath) units in front plus 4 (1Bed/1Bath) units in the back including 2 brand-new ADUs. Each of the three-bedroom units come with interior laundry and their own one car garage/storage in the back. Many units boast upgrades such as modern cabinets, new flooring, updated kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime 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 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.
#25544073

Long Beach

2370 Lime Avenue

16 Beds

None Baths

6,440 Sq.Ft.

$2,890,000

MLS#: 25544073

What an exciting time to live in Belmont Shore! With the 2028 Olympic Games set to bring global attention and energy to the area, this coastal gem offers not just a home, but a front-row seat to history. Whether you’re strolling to the beach, enjoying the local cafés, or planning for the future, this is more than a home—it’s a lifestyle rooted in one of Long Beach’s most iconic neighborhoods. With a HUGE price reduction, this is the best opportunity on the market to live in a location that offers both long-term value and once-in-a-lifetime experiences. This elevated beach home features gorgeous ocean views and is just steps to the sand. The upper level offers a bright and breezy 2-bedroom, 2-bath layout, complete with an additional flex space perfect for a home office, workout room, or guest suite—the choice is yours. The heart of the 2nd floor is a stylish kitchen with a central island that opens to a spacious outdoor deck—perfect for entertaining, enjoying ocean breezes, or watching the sun dip below the horizon. The 1bedroom/1bath lower level with separate kitchen could become income or extra space for family. Whether you’re looking for a primary residence, a vacation home, or an investment ahead of the Olympic wave, this home delivers unmatched lifestyle and location. Don’t miss your chance to live in the center of it all—Belmont Shore is already iconic, and it’s only getting better. It has been finalized that Belmont Shore will host 4 Olympic events. Men's and Women's windsurfing and Men's and Women's kite. Could it get any better? Virtually Enhanced photos.
#PW25111365

Long Beach

5331 E Ocean Boulevard

None Beds

None Baths

1,884 Sq.Ft.

$3,245,000

MLS#: PW25111365

This is an opportunity to acquire to 1061 Dawson, a multi-family building comprised of 9 units ideally located in the heart of Long Beach, CA. This property consists of (8) 2BD/2BTH units and (1) 1BD/1BTH unit. The building is 3 stories in total, with the ground floor including the 1-bedroom unit, laundry room, storage closets, and 14 covered parking spaces. Several of the units in this gated building have been renovated to include new flooring, counters, cabinets, and paint. Each unit has a private balcony/patio, and the top floor units feature vaulted ceilings. The on-site laundry room has been fitted with an electronic payment system, eliminating the need to collect coins regularly. This property is centrally-located between Downtown, Signal Hill, the 7th Street Corridor and major freeways.
#PW25108543

Long Beach

1061 Dawson Avenue

None Beds

None Baths

6,805 Sq.Ft.

$2,595,000

MLS#: PW25108543

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here