About Address not disclosed, Long Beach, California, 90805
**Excellent Unit Mix of 1 & 2-Bedroom Units** **Priced at $184,615/Unit & $273/SF** **10.42 GRM & 6.5% Cap Rate on Current Income** **7.94 GRM & 9.4% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** **Ideal Rental Location on Residential Street in North Long Beach** ----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street 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 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Number of Units : 26
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 1
Unit 1 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 2
Unit 2 : Total Bathrooms : 1
Site : Curbs, Sidewalks
Pool : Below Ground, Private
Zoning : Assessor
Number of Units : 26
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 1
Unit 1 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 2
Unit 2 : Total Bathrooms : 1
Site : Curbs, Sidewalks
Pool : Below Ground, Private
Zoning : Assessor
Street Address: Address not disclosed
City: Long Beach
State: California
Postal Code: 90805
County: Los Angeles
Directions:
South of Artesia Blvd and West of Atlantic Ave
Property Information :
Listing Status: Withdrawn
Lot Size: 0.61 Acres
MLS #: PW25079143
Price: $4,800,000
Construction Status: Built in 6000
Last Modified : Jul 22 2025 12:42PM
Amenities :
Pool
Courtesy of: Doug Rodermund, Morgan Skenderian (MLS# CR-PB8846)