4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.
For sale
$1,499,000
489 E 55th St, Long Beach, CA 90805
9beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$1,504,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 99 days |
- 52 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Lucca T Grassi DRE #02148104 619-301-3416,
Compass,
Mark J Schwartz DRE #01001222 858-414-4602,
Compass
Source: SDMLS,MLS#: 260007402
Originating MLS: San Diego Association of REALTOR
Originating MLS: San Diego Association of REALTORLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air Unit
Cooling
- Wall/Window
Interior area
- Total structure area: 0
Video & virtual tour
Property
Features
- Levels: 2 Story
- Fencing: Partial
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 7127024037
- Zoning: LBR1N
- Zoning description: LBR1N
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Tile/Clay
Condition
- Year built: 1965
Utilities & green energy
- Utilities for property: Sewer Connected
Community & HOA
Community
- Security: Other/Remarks
- Subdivision: North Long Beach (NLB)
Location
- Region: Long Beach
Financial & listing details
- Tax assessed value: $578,147
- Annual tax amount: $8,436
- Date on market: 3/30/2026
- Listing terms: Cal Vet,Cash,Conventional,Exchange,VA,Other/Remarks
- Tenant pays: Other Fees
Estimated market value
$1,504,600
$1.43M - $1.58M
$2,266/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Listed for sale | $1,499,000-0.1% |
Source:  SDMLS #260007402 Report a problem | ||
| 12/4/2025 | Listing removed | $1,499,995 |
Source: SDMLS #250030572 Report a problem | ||
| 6/13/2025 | Listed for sale | $1,499,995-6.3% |
Source: SDMLS #250030572 Report a problem | ||
| 6/20/2024 | Listing removed | -- |
Source: SDMLS #240001750 Report a problem | ||
| 1/23/2024 | Listed for sale | $1,600,000+301% |
Source: SDMLS #240001750 Report a problem | ||
| 7/1/2020 | Listing removed | $1,794 |
Source: TurboTenant Report a problem | ||
| 6/1/2020 | Listed for rent | $1,794 |
Source: TurboTenant Report a problem | ||
| 12/20/2002 | Sold | $399,000+1895% |
Source: Public Record Report a problem | ||
| 12/27/2000 | Sold | $20,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,436 +4.8% | $578,147 +2% |
| 2024 | $8,047 +1.7% | $566,817 +2% |
| 2023 | $7,910 +6.2% | $555,710 +2% |
| 2022 | $7,448 -44.9% | $544,820 +2% |
| 2021 | $13,520 -17.3% | $534,144 +1% |
| 2020 | $16,345 | $528,670 +2% |
| 2019 | $16,345 +138% | $518,310 +2% |
| 2018 | $6,867 | $508,154 +2.1% |
| 2017 | $6,867 +1.1% | $497,916 +2% |
| 2016 | $6,796 +7.8% | $488,154 +1.5% |
| 2015 | $6,304 +4.4% | $480,822 +2% |
| 2014 | $6,037 | $471,404 +2.5% |
| 2012 | -- | $460,074 +2% |
| 2011 | -- | $451,054 +0.8% |
| 2010 | -- | $447,684 -0.2% |
| 2009 | -- | $448,749 +2% |
| 2008 | -- | $439,951 +2% |
| 2007 | -- | $431,325 +2% |
| 2006 | -- | $422,868 |
| 2005 | -- | $422,868 +4% |
| 2004 | -- | $406,449 +1.9% |
| 2003 | -- | $399,000 +42.2% |
| 2002 | -- | $280,500 +12.2% |
| 2000 | -- | $250,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: North Long Beach
Nearby schools
GreatSchools rating
- 5/10Addams Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Lindsey AcademyGrades: 6-8Distance: 1 mi
- 3/10Jordan High SchoolGrades: 9-12Distance: 1.1 mi
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