Turn Key 4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a fully occupied, income producing 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 true turn key 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.
Listed by Lucca Grassi
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License #02148104
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Compass
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619-301-3416
Listed by Mark Schwartz
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License #01001222
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Compass
Last updated July 17, 2025
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Source: CRMLS #250030572SD
Listing Facts
TypeMulti-family
NeighborhoodDairy
Days on Prevu160
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/28/2025
Status changed to Active
$1,499,995
10/21/2025
Status changed to Removed from Feed
$1,499,995
10/20/2025
Status changed to Active
$1,499,995
10/19/2025
Status changed to Removed from Feed
$1,499,995
10/18/2025
Status changed to Active
$1,499,995
10/16/2025
Status changed to Removed from Feed
$1,499,995
10/04/2025
Status changed to Active
$1,499,995
10/03/2025
Status changed to Removed from Feed
$1,499,995
09/20/2025
Status changed to Active
$1,499,995
09/19/2025
Status changed to Removed from Feed
$1,499,995
09/18/2025
Status changed to Active
$1,499,995
09/17/2025
Status changed to Removed from Feed
$1,499,995
09/16/2025
Status changed to Active
$1,499,995
09/14/2025
Status changed to Removed from Feed
$1,499,995
09/14/2025
Status changed to Active
$1,499,995
09/12/2025
Status changed to Removed from Feed
$1,499,995
09/12/2025
Status changed to Active
$1,499,995
09/05/2025
Status changed to Removed from Feed
$1,499,995
09/05/2025
Status changed to Active
$1,499,995
09/04/2025
Status changed to Removed from Feed
$1,499,995
09/01/2025
Status changed to Active
$1,499,995
08/29/2025
Status changed to Removed from Feed
$1,499,995
06/28/2025
Status changed to Active
$1,499,995
06/27/2025
Status changed to Removed from Feed
$1,499,995
06/12/2025
Listed by Compass
$1,499,995
Property Details for 489 E 55th St E
Exterior
Construction
Number Of Units Total: 4
Stories: 2
Stories Total: 2
Year Built: 1965
Features
Fencing: Partial
Measurements
Lot Size Acres: 0.17
Lot Size Area: 7,405
Lot Size Source: Public Records
Lot Size Square Feet: 7,405
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.36
Taxes
Parcel Number: 7127024037
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Heating: Forced Air
Has Heating: Yes
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
