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Sold for $2,735,375
    • Listed by: Morgan Skenderian • Doug Rodermund • Contact: dsr@morganskenderian.com
    Bought with: First Team Real Estate
    $2,735,375

    540 E Adams St, Long Beach, CA 90805

    16beds
    16baths
    10,310sqft
    Multi Family
    Built in 1958
    -- sqft lot
    $2,725,800 Zestimate®
    $265/sqft
    $1,865 Estimated rent

    Home value

    $2,725,800

    $2.48M - $3.00M

    $1,865/mo

    Zestimate® history
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    What's special

    Community poolCovered parkingOn-site laundry roomGated access
    **Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $174,688/Unit & $271.10/SF** **9.32 GRM & 7.3% Cap Rate on Current Income** **7.61 GRM & 9.7% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----540 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, 555 Adams, 560 Adams & 541 E. 64th Street

    Zillow last checked:

    Listing updated:

    Listed by:

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    Bought with:

    Bill Larson, DRE #01373184

    First Team Real Estate

    Source: CRMLS,MLS#: PW25079195MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 16
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 10,310
    • Total interior livable area: 10,310 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Carport
    • Carport spaces: 16
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Has private pool: Yes
    • Pool features: Fenced, In Ground, Private
    Lot
    • Size: 0.32 Acres
    Details
    • Parcel number: 7115028009
    • 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: 1958

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $265/sqft
    • Tax assessed value: $3,207
    • Date on market: 4/10/2025
    • Cumulative days on market: 113 days
    • Listing terms: Cash to New Loan,Conventional,1031 Exchange

    Price history

    DateEventPrice
    10/20/2025Sold$2,735,375-2.1%$265/sqft
    Source: CRMLS #PW25079195 Report a problem
    8/11/2025Pending sale$2,795,000$271/sqft
    Source: CRMLS #PW25079195 Report a problem
    8/1/2025Contingent$2,795,000$271/sqft
    Source: CRMLS #PW25079195 Report a problem
    6/27/2025Price change$2,795,000-3%$271/sqft
    Source: CRMLS #PW25079195 Report a problem
    4/11/2025Listed for sale$2,880,000+198.4%$279/sqft
    Source: CRMLS #PW25079195 Report a problem
    1/31/2003Sold$965,000$94/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $3,207 +2%
    2025$55 -1%$3,145 +2%
    2024$56 +1.1%$3,084 +2%
    2023$55 +4.5%$3,024 +2%
    2022$53 +1.2%$2,965 +2%
    2021$52 +0.2%$2,907 +1%
    2020$52 $2,878 +2%
    2019$52 +13.5%$2,822 +2%
    2018$46 $2,767 +2%
    2017$46 +0.8%$2,713 +2%
    2016$45 +5.3%$2,660 +1.5%
    2015$43 +3.2%$2,621 +2%
    2014$42 $2,570 +2.4%
    2012-- $2,509 +2%
    2011-- $2,460 +0.7%
    2010-- $2,442 -0.2%
    2009-- $2,448 +2%
    2008-- $2,400 +2%
    2007-- $2,353 +2%
    2006-- $2,307
    2005-- $2,307 +4%
    2004-- $2,218 +1.8%
    2003-- $2,178 +2%
    2002-- $2,136 +4%
    2000-- $2,054
    Find assessor info on the county website

    Neighborhood: North Long Beach

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    Estimated market value
    $2,725,800
    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
    $2,725,800

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