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$ 2,840,000
Est. payment /mo
Pending
555 E Adams Street Long Beach, CA 90805
10,310 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 10,310 sqft
Price per Sqft $275
MLS Listing ID CRPW25079249
HOA Y/N No
Year Built 1958
Lot Size 0.342 Acres
Acres 0.34
Property Sub-Type Other
Property Description
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $177,500/Unit & $275.46/SF** **9.55 GRM & 7.1% Cap Rate on Current Income** **7.74 GRM & 9.5% 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
Location
State CA
County Los Angeles
Zoning LBR4
Interior
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 7115028013
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Doug Rodermund • Morgan Skenderian