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489 E 55th St E, 
Long Beach, CA 90805

$1,499,995

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Lucca Grassi

, 

Mark Schwartz

Compass

858-345-4514

Last updated:

June 14, 2025, 01:44 AM

MLS#

250030572SD

Source:

CRMLS

About This Home

489 E 55th St E

Turn Key 4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a fully occupied, income producing 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 its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. This is a true turn key investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.

Home Facts

Multi-Family

Built in 1965

Price Summary

1,499,995

MLS #:

250030572SD

Last Updated:

June 14, 2025, 01:44 AM

Added:

4 day(s) ago

Structure

Structure

Year Built:

1965

Lot

Lot Size (Sq. Ft):

7,405

Finances & Disclosures

Finances

Price:

$1,499,995

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of June 17, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.