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555 E Adams ST Long Beach, CA 90805
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Key Details
Sold Price $2,779,812
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25079249
Sold Date 10/20/25
HOA Y/N No
Year Built 1958
Lot Size 0.342 Acres
Property Sub-Type Apartment
Property Description
**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $177,500/Unit & $275.46/SF**
**9.55 GRM & 7.1% Cap Rate on Current Income**
**7.74 GRM & 9.5% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBR4R
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 16
Pool Fenced, In Ground, Private
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 16
Private Pool Yes
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7115028013
Energy Description 5750.0
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Bill Larson First Team Real Estate
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