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  • Listing Provided by: 

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    Price cut: $105K (6/27)
    $4,695,000

    520 E Adams St #776F18CCB, Long Beach, CA 90805

    30beds
    26baths
    17,520sqft
    : 
    Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $268/sqft
    $-- HOA

    What's special

    Community poolCovered parkingResidential streetOn-site laundry roomGated access
    **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
    122 days
    on Zillow
    |
    41
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 11, 2025 at 02:57pm

    Listing Provided by:

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    Source: CRMLS,MLS#: PW25079143MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 30
    • Bathrooms: 26
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 17,520
    • Total interior livable area: 17,520 sqft

    Property

    Parking
    • Total spaces: 26
    • Parking features: Carport
    • Carport spaces: 26
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Has private pool: Yes
    • Pool features: Fenced, In Ground, Private
    Lot
    • Size: 0.61 Acres
    Details
    • Parcel number: 7115028010
    • Zoning: LBR4R
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1959

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $268/sqft
    • Date on market: 4/10/2025
    • Listing terms: Cash to New Loan,Conventional,1031 Exchange
    • Total actual rent: 38099
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