Home | Los Angeles County | Long Beach | 90805 | 473 E 55th St
MLS: CRPW26083293 | Status: | Price: $2,925,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,963 | 1962 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26083293 |
| MLS Source | California Regional MLS |
| Days on Site | 5 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Steven Bogoyevac
Steven M. Bogoyevac, Broker
License #: 01332755
Phone: (562) 257-1231
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Lindbergh Middle School | public | 6-8 | 0.32 mi | 4 |
| Addams Elementary School | public | K-5 | 0.36 mi | 5 |
| Dooley Elementary School | public | K-5 | 0.79 mi | 4 |
| Harte Elementary School | public | K-5 | 0.85 mi | 6 |
| Barton Elementary School | public | K-5 | 0.86 mi | 4 |
| Lindsey Academy | public | 6-8 | 0.98 mi | 3 |
| Powell Academy For Success | public | K-8 | 1.09 mi | 4 |
| Jordan High School | public | 9-12 | 1.13 mi | 3 |
| Grant Elementary School | public | K-5 | 1.22 mi | 4 |
| King Elementary School | public | K-5 | 1.53 mi | 4 |
| Hamilton Middle School | public | 6-8 | 1.80 mi | 4 |
| Hughes Middle School | public | 6-8 | 1.97 mi | 7 |
| Madison Elementary School | public | K-5 | 2.01 mi | 8 |
| Longfellow Elementary School | public | K-5 | 2.04 mi | 9 |
| Riley Elementary School | public | K-5 | 2.08 mi | 8 |
| Los Cerritos Elementary School | public | K-5 | 2.09 mi | 8 |
| Dominguez Elementary School | public | K-5 | 2.12 mi | 8 |
| Leona Jackson School | public | 4-8 | 2.15 mi | 6 |
| Odyssey STEM Academy | public | 9-12 | 2.22 mi | 7 |
| Wesley Gaines School | public | K-3 | 2.24 mi | 6 |
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This listing information is up-to-date as of April 20, 2026. For the most current information, please contact Steven Bogoyevac, (562) 257-1231.