$2,925,000
473 E 55th Street, Long Beach CA 90805
Multi-Family (10 Units)
Property type
49 days
On market
$385
Price per sqft
0 cars
Garage
1962
Year built
6,963 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Steven Bogoyevac DRE #01332755 562-257-1231, Steven M. Bogoyevac, Broker
Listing updated: May 12, 2026 at 09:12pm.
Last checked: Jun 4, 2026 at 07:00am
Source: CRMLS #PW26083293
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 7 | 2 | 1 | — | $2,021 | $14,147 | $2,195 | Unfurnished |
| 1 | 1 | 1 | — | $1,741 | $1,741 | $2,195 | Unfurnished |
| 2 | 2 | 1 | — | $2,185 | $4,370 | $2,195 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 0
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.0x
List Price / Annual Gross Rent
Cap Rate
6.04%
NOI / List Price
Gross Scheduled Income: $243,099
Vacancy Allowance: $7,293
Vacancy Allowance Rate: 3%
Operating Expense: $239,406
Net Operating Income: $176,717
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7127024033
Additional Parcels: No
Tax Lot: 896
Zoning: LBR1N
Subdivision: Poly High (PH)
Community
Senior Community: No
Community Features: Suburban
Nearby Schools
Nearby schools around the 473 E 55th Street, Long Beach, CA 90805. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,340,000
Total Interest
$2,984,541
Total Payment
$5,324,541
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,987
per month
Property History for 473 E 55th Street
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 473 E 55th Street