520 E Adams Street, Long Beach, California 90805
- $4,695,000
- $4,800,000
- $4,695,000
- $4,800,000
Overview
- Apartment, Residential Income
- 17520 Sqft
- 1959
Description
**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
Address
Open on Google Maps-
Address: 520 E Adams Street
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City: Long Beach
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State/county: CA
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Zip/Postal Code: 90805
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Country: US
Details
Updated on November 1, 2025 at 5:03 am-
Property ID PW25079143
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Price $4,695,000
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Property Size 17520 Sqft
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Land Area 0.6075 Acres
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Year Built 1959
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash to New Loan, Conventional, 1031 Exchange
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool Fenced, In Ground, Private
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Community Features Curbs, Gutter(s), Sidewalks
Mortgage Calculator
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Down Payment
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