Long Beach, CA 90805 489 E 55th St East
$1,499,995
27 more
Presented By: Compass;
- MLS# 250030572
- 06/13/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 9
Baths • 5
Home Details
Turn Key 4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a fully occupied, income producing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a true turn key investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.
Presented By: Compass;
Interior Features for 489 E 55th St East
Bedrooms
Total Bedrooms9
Bathrooms
Half Baths0
Total Baths5
Other Interior Features
Air Conditioning Y/NNo
Basement[]
Common Walls[]
Fireplace Features[]
Fireplace Y/NNo
Flooring[]
Heating Y/NNo
Interior Amenities[]
Laundry Features[]
Total Stories2
Window Features[]
Other Rooms
Room Type[]
General for 489 E 55th St East
Accessibility[]
Appliances[]
Architectural Style[]
Association Amenities[]
Association Fee Includes[]
Attached Garage No
Body Type[]
Building Area UnitsSqft
Building NameLong Beach
Business Type[]
Buyer Financing[]
Cap Rate6.36
CityLong Beach
Community Features[]
Construction Materials[u'Stucco']
Cooling[u'Wall/Window']
CountyLos Angeles
Current Use[]
Disclosures[]
Electric[]
FinancialDataSource[]
FreeholdIDX
Green Building Verification Type[]
HOANo
HOA Fee$0.0
Heating[u'Forced Air Unit']
Lease Type[]
Levels[u'2 Story']
Living Area UnitsSqft
Lot Size UnitsAcres
ModificationTimestamp2025-07-17T16:23:56Z
New ConstructionNo
Number Of Units Total4
Operating Expense14693.0
Other Structures[]
Patio/Porch Features[]
Pets Allowed[]
Pool Features[]
Possession[]
Possible Use[]
Property Attached Y/NNo
Property Condition[]
Property SubtypeRes Income 2-4 Units
Property TypeResidential Income
Rent Includes[]
Roof[u'Tile/Clay']
Security Features[u'Other/Remarks']
Senior Community Y/NNo
Sewer[]
Spa Features[]
Standard StatusActive
StatusACTIVE
Structure Type[]
Subdivision NameNorth Long Beach (NLB)
Tenant Pays[u'Other Fees']
Utilities[u'Sewer Connected']
View[]
Virtual TourClick here
Year Built1965
ZoningLBR1N
Exterior for 489 E 55th St East
Building Area Total0.0
Exterior Amenities[]
Fencing[u'Partial']
Foundation Details[]
Frontage Type[]
Lot Features[]
Lot Size Area0.17
Number of Buildings1
Other Equipment[]
Parking Features[]
Skirt[]
Water Source[]
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate