$1,499,000
489 E 55th St E, Long Beach CA 90805
Multi-Family (4 Units)
Property type
67 days
On market
N/A
Price per sqft
N/A
Garage
1965
Year built
7,405 sqft
Lot size
Open Houses
Overview
4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 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...
Listing provided by: Lucca Grassi DRE #02148104 619-301-3416, Compass, Mark Schwartz DRE #01001222 858-414-4602, Compass
Listing updated: Mar 31, 2026 at 11:16am.
Last checked: Jun 5, 2026 at 12:31am
Source: CRMLS #260007402SD
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| — | 3 | 2 | — | $2,852 | — | — | — |
| — | 2 | 1 | — | $1,972 | — | — | — |
| — | 2 | 1 | — | $2,081 | — | — | — |
| — | 2 | 1 | — | $2,134 | — | — | — |
# of Buildings: 1
# of Units Total: 4
Financial Snapshot
Gross Rent Multiplier
13.6x
List Price / Annual Gross Rent
Cap Rate
6.36%
NOI / List Price
Gross Scheduled Income: $110,040
Net Operating Income: $95,347
Interior
Cooling: Wall Window Units
Heating: Forced Air
Exterior
Stories Total: 2
Levels: Two
Fencing: Partial
Garage and Parking
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 7127024037
Zoning: LBR1N
Community
HOA Fee: $0
Senior Community: No
Nearby Schools
Nearby schools around the 489 E 55th St E, Long Beach, CA 90805. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,199,200
Total Interest
$1,529,514
Total Payment
$2,728,714
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,291
per month
Property History for 489 E 55th St E
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90805.
Similar Homes
Listings with similar prices to 489 E 55th St E