489 E 55th St East, Long Beach, CA

$1,499,995

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9

Beds

5

Baths

0.17

Acres

About 489 E 55th St East

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.

Features of 489 E 55th St East

MLS® # 250030572
Price $1,499,995
Bedrooms 9
Bathrooms 5.00
Full Baths 5
Acres 0.17
Year Built 1965
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Active

Community Information

Address 489 E 55th St East
Area LONG BEACH (90805)
Subdivision Long Beach
City Long Beach
County Los Angeles
State CA
Zip Code 90805

Amenities

Utilities Sewer Connected
Is Waterfront No
Has Pool Yes

Interior

Heating Forced Air Unit
Cooling Wall/Window
Fireplace Yes
Stories 2 Story

Exterior

Roof Tile/Clay
Construction Stucco

Additional Information

Date Listed June 13th, 2025
Days on Market 60
Zoning LBR1N
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass

Listing Map

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