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473 E 55th Street

Long Beach, CA 90805

– beds
– baths
– sqft
6,963 sqft lot
1962 build
– on site

10 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6% from day 1! Large unit mix of 9 (2bed/1bath) units and 1 (1bed/1bath) unit including 2 brand-new attached ADUs. Most units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) for future upside. The property also offers on-site laundry and parking that generates additional income. Prime North Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.

Listed By CRMLS_CA / Steven Bogoyevac / Steven M. Bogoyevac, Broker / steve.bogoyevac@marcusmillichap.com

Last checked: Checking… • Last updated Jul 15, 2025 •

MLS# PW25148000 —

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

7592.00
Building Area Units:

Square Feet
Total Number Of Units:

10
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

10
# of Separate Electric Meters:

10

Interior

Entry Location:

1
Laundry:

Community
Laundry:

1

Location

Directions:

West of Atlantic East of Elm
Latitude:

33.85622800
Longitude:

-118.18683200

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBR1N
Lot Features:

Rectangular Lot
Lot Size Area:

6963.0000
Lot Size Acres:

0.1598
Lot Size SqFt:

6963.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5703.04
Tax Tract:

5134
Tax Lot:

896

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7127024033

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Poly High (PH)
Subdivision:

Poly High (PH)
Features:

Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

5.00
Uncovered Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/1/25 Jul 1, 2025	Listed / Active	CRMLS_CA	$2,995,000	110.2% (75.0% / YR)
1/12/24 Jan 12, 2024		CRMLS_CA	$1,425,000	-20.8%
12/20/23 Dec 20, 2023		CRMLS_CA	$1,800,000

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This multifamily located in North Long Beach, Long Beach, CA 90805 is currently for sale for $2,995,000. 473 E 55th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 15 days. 473 E 55th Street is in the North Long Beach neighborhood of Long Beach and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Addams Elementary School, Jordan High School, and Lindsey Academy.

Listing Courtesy of: CRMLS_CA and Steven M. Bogoyevac, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 06:14 on Jul 16.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.