520 E Adams Street, Long Beach, California 90805
  • $4,695,000
  • $4,800,000

Overview

Property ID: PW25079143
  • Apartment, Residential Income
  • Property Type
  • 17520 Sqft
  • Area Size
  • 1959
  • Year Built

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: 520 E Adams Street
  • City: Long Beach
  • State/county: CA
  • Zip/Postal Code: 90805
  • Country: US

Details

Updated on November 1, 2025 at 5:03 am
  • Property ID PW25079143
  • Price $4,695,000
  • Property Size 17520 Sqft
  • Land Area 0.6075 Acres
  • Year Built 1959
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash to New Loan, Conventional, 1031 Exchange
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool Fenced, In Ground, Private
  • Community Features Curbs, Gutter(s), Sidewalks

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