**Excellent Unit Mix of 1 & 2-Bedroom Units**
**Priced at $184,615/Unit & $273/SF**
**10.42 GRM & 6.5% Cap Rate on Current Income**
**7.94 GRM & 9.4% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
**Ideal Rental Location on Residential Street in North Long Beach**
----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street 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 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Sold for $4,596,812
Listing Provided by: Morgan Skenderian
Bought with: First Team Real Estate
$4,596,812
520 E Adams St, Long Beach, CA 90805
30beds
26baths
17,520sqft
Multi Family
Built in 1959
-- sqft lot
$1,180,100 Zestimate®
$262/sqft
$2,865 Estimated rent
Home value
$1,180,100
$979,000 - $1.45M
$2,865/mo
Zestimate® history
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$2,865/mo
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$29,798/mo
Est. payment
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$29,798/mo
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Zillow last checked:
Listing updated:
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Bought with:
Bill Larson, DRE #01373184
First Team Real Estate
Source: CRMLS,MLS#: PW25079143
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 26
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 17,520
- Total interior livable area: 17,520 sqft
Property
Parking
- Total spaces: 26
- Parking features: Carport
- Carport spaces: 26
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Has private pool: Yes
- Pool features: Fenced, In Ground, Private
Lot
- Size: 0.61 Acres
Details
- Parcel number: 7115028010
- Zoning: LBR4R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Sidewalks
Location
- Region: Long Beach
HOA & financial
Other financial information
- Total actual rent: 38099
Other
Other facts
- Listing terms: Cash to New Loan,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2025 | Sold | $4,596,812-2.1%$262/sqft |
Source:  CRMLS #PW25079143 Report a problem | ||
| 8/11/2025 | Pending sale | $4,695,000$268/sqft |
Source: CRMLS #PW25079143 Report a problem | ||
| 8/1/2025 | Contingent | $4,695,000$268/sqft |
Source: CRMLS #PW25079143 Report a problem | ||
| 6/27/2025 | Price change | $4,695,000-2.2%$268/sqft |
Source: CRMLS #PW25079143 Report a problem | ||
| 4/11/2025 | Listed for sale | $4,800,000$274/sqft |
Source: CRMLS #PW25079143 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: North Long Beach
Nearby schools
GreatSchools rating
- 4/10Grant Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Hamilton Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Jordan High SchoolGrades: 9-12Distance: 0.3 mi
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Estimated market value
$1,180,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,180,100
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