For sale

$1,499,000

489 E 55th St, Long Beach, CA 90805

9beds

--sqft

$9,669/mo

Get pre-qualified

Multi Family

Built in 1965

-- sqft lot

$1,504,100 Zestimate^®

$--/sqft

$-- HOA

What's special

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.

156 days
44
0

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

View 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: $589,704
Date on market: 3/30/2026
Listing terms: Cal Vet,Cash,Conventional,Exchange,VA,Other/Remarks
Tenant pays: Other Fees

Estimated market value

$1,504,100

$1.43M - $1.58M

$1,787/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
2026	--	$589,704 +2%
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