Long Beach, CA 90805,473 E 55th ST
Long Beach, CA 90805,473 E 55th ST
Long Beach, CA 90805,473 E 55th ST
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$2,925,000
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6,960 Sqft Lot
Active

473 E 55th ST Long Beach, CA 90805

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Maxwell Siderman

Maxwell Siderman

+1(619) 769-9789

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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID PW26007076

HOA Y/N No

Year Built 1962

Lot Size 6,960 Sqft

Property Sub-Type Mixed Use

Property Description

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.

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 6

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

CRMLS – RECore
Listed by Steven Bogoyevac Steven M. Bogoyevac, Broker [email protected]

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Los Cerritos Elementary School

    Public | KG - 5

  • 8

    Madison Elementary School

    Public | KG - 5

  • 8

    Lincoln Elementary School

    Public | KG - 5

  • 7

    Muir Academy

    Public | KG - 8

  • 7

    Birney Elementary School

    Public | KG - 5

  • 7

    Longfellow Elementary School

    Public | KG - 5

  • 7

    Holmes Elementary School

    Public | KG - 5

  • 6

    Colin Powell Academy

    Public | KG - 8

  • 6

    Starr King Elementary School

    Public | KG - 5

  • 6

    Colin P. Kelly Elementary School

    Public | KG - 8

  • 6

    William Jefferson Clinton Elementary School

    Public | KG - 8

  • 6

    Keppel Elementary School

    Public | KG - 5

  • 6

    Gaines Elementary School

    Public | KG - 3

  • 6

    McKinley Elementary School

    Public | KG - 5

  • 6

    Riley Elementary School

    Public | KG - 5

  • 6

    Jefferson Elementary School

    Public | KG - 5

  • 5

    Daniel Webster Elementary School

    Public | KG - 5

  • 5

    Dominguez Elementary School

    Public | KG - 5

  • 5

    Dooley Elementary School

    Public | KG - 5

  • 5

    Addams Elementary School

    Public | KG - 5

Middle Schools 15
  • 9

    Intellectual Virtues Academy of Long Beach

    Public | 6 - 8

  • 7

    Hughes Middle School

    Public | 6 - 8

  • 6

    Hamilton Middle School

    Public | 6 - 8

  • 5

    Lindbergh STEM Academy

    Public | 6 - 8

  • 5

    Frank J. Zamboni Middle School

    Public | 6 - 8

  • 5

    Paramount Park Middle School

    Public | 6 - 8

  • 5

    Hoover Middle School

    Public | 6 - 8

  • 4

    Lifeline Education Charter

    Public | 6 - 12

  • 4

    Rancho Dominguez Preparatory School

    Public | 6 - 12

  • 4

    Perry Lindsey Academy

    Public | 6 - 8

  • 4

    Alondra Middle School

    Public | 6 - 8

  • 3

    Franklin D. Roosevelt Middle School

    Public | 6 - 8

  • 1

    Paramount Alternative Education Center

    Public | 6 - 12

  • 0

    Compton Community Day Middle School

    Public | 6 - 8

  • 0

    Paramount Unified Community Day

    Public | 7 - 12

High Schools 7
  • 5

    Paramount High School

    Public | 9 - 12

  • 1

    Compton High School

    Public | 9 - 12

  • 1

    Jordan High School

    Public | 9 - 12

  • 1

    Dominguez High School

    Public | 9 - 12

  • 0

    Compton Community Day High School

    Public | 9 - 12

  • 0

    Compton Unified Regional Occupational Program

    Public | 9 - 12

  • 0

    Buena Vista High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Maxwell Siderman

Maxwell Siderman

Agent | License ID: 02212130

+1(619) 769-9789

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473 E 55th ST