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473 E 55th St
For Sale $2,925,000
$2,925,000
- 10 Units
- Unknown Sq Ft
- 6,963 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,925,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1962 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7127024033 |
| MLS # | PW26007076 |
| Property ID | 322506438 |
| Lot Sqft | 6,963 |
| Zoning | LBR1N |
| Total Units | 10 |
| Days on Market | 16 |
| Original List Price | $2,925,000 |
| Date Updated | January 20, 2026 |
| Date Created | January 12, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Steven Bogoyevac an agent of . Lic #01332755
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 20, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT