**Pride of Ownership Community Across From Jordan High School & Houghton Park**
**Priced at $177,500/Unit & $275.46/SF**
**9.55 GRM & 7.1% Cap Rate on Current Income**
**7.74 GRM & 9.5% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
Pending
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Price cut: $85K (6/27)
$2,840,000
555 E Adams St, Long Beach, CA 90805
16beds
16baths
10,310sqft
Est.:
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$275/sqft
$-- HOA
What's special
Community poolCovered parkingOn-site laundry roomGated access
- 113 days
- on Zillow |
- 35 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: 14 hours ago
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Source: CRMLS,MLS#: PW25079249
Originating MLS: California Regional MLS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 10,310
- Total interior livable area: 10,310 sqft
Property
Parking
- Total spaces: 16
- Parking features: Carport
- Carport spaces: 16
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Has private pool: Yes
- Pool features: Fenced, In Ground, Private
Lot
- Size: 0.34 Acres
Details
- Parcel number: 7115028013
- 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: 1958
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: $275/sqft
- Date on market: 4/10/2025
- Listing terms: Cash to New Loan,Conventional,1031 Exchange
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