USACALong BeachPoly High (Ph)473 E 55Th St
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$2,925,000

For Sale

11 days ago

473 E 55Th St, Long Beach, CA

House

MLS® PW26083293

0 Bed

0 Bath

--

6 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 11
Lot Size 
Approx. Age 1962
MLS® Number PW26083293

Property Address: 473 E 55th St, Long Beach, CA, 90805-5370

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPW26083293
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1962
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 17, 2026List Date
$2,925,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jan 12, 2026List Date
$2,925,000List Price
  • Commute

Commute

Starting Address
Destination Address
473 E 55Th St, Long Beach, CA

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