473 E 55th ST, Long Beach, CA 90805 – PW25148000

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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$2,995,000

Est. payment - /mo

6,960 Sqft Lot

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UPDATED:

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.

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

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Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker steve.bogoyevac@marcusmillichap.com

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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473 E 55th ST Long Beach, CA 90805

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

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