489 East 55th Street

Long Beach, CA 90805

$1,600,000
Price
9
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing turn key investment opportunity. One 3 bed 2 bath and three 2 bed 1 bath. All units occupied. Great for an investor or to live in one and rent out the other 3. Each unit has its own single car detached garage and the three bedroom has a 2 car detached garage and private patio. Coin operated laundry in on the premises for additional income. Do not miss out on this opportunity to purchase a ready to go income producing investment property! Do not disturb tenants. All offers subject to interior...Amazing turn key investment opportunity. One 3 bed 2 bath and three 2 bed 1 bath. All units occupied. Great for an investor or to live in one and rent out the other 3. Each unit has its own single car detached garage and the three bedroom has a 2 car detached garage and private patio. Coin operated laundry in on the premises for additional income. Do not miss out on this opportunity to purchase a ready to go income producing investment property! Do not disturb tenants. All offers subject to interior inspection. (Additional pictures coming soon!)

Listing Agents

  1. Lucca Grassi

    Lucca Grassi

    Listing Agent

    Compass

    DRE #02148104

  2. Mark Schwartz

    Mark Schwartz

    Alternative Listing Agent

    Compass

    DRE #01001222

Property Details for 489 East 55th Street

Area
Long Beach (197)
Neighborhood
Long Beach
City Postal ID
LONG BEACH (90805)
Cross Street(s)
Linden Ave

Location

Listing Courtesy of Compass, Lucca Grassi, DRE #02148104; Compass, Mark Schwartz, DRE #01001222
Add your commute
LISTING UPDATED: 02/01/2024 07:30 PM

Property Details for 489 East 55th Street

StatusActive
MLS #240001750
Days on Market96
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.17 AC / 7,405 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Lucca Grassi, DRE #02148104; Compass, Mark Schwartz, DRE #01001222
Add your commute

Building Information for 489 East 55th Street

Stories2Residences-Year Built1965Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$9,391 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$659

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 489 East 55th Street

Summary Information
Property and Location
  • System ID: 240001750
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1965
  • Street Number Numeric: 489
  • Street Direction: E
  • Street Name: 55th St
  • Map Coordinates: 765E2
  • Age Restrictions: N/K
  • Directions To Property: Call or text listing agent
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 0
  • Num of Units w/Cooling: 2
  • Cooling: Zoned
Exterior Features
  • Exterior: Brick
  • Roof: Tile/Clay
  • Fencing: Partial
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 2
  • Pets: Yes
  • Entry Only: No
  • Lot Size: 7,500-10,889 SF
  • Lot Size Source: City/County Records
  • Zoning: R
  • Complex/Park: nk
  • Assessors Parcel Num: 7127-024-037
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Parking Garage Unit 1: Detached
  • Unit 1 Num of Bedrooms: 3
  • Unit 1 Num of Total Baths: 2
  • Unit 1 Deposit: $2,460
  • Unit 1 Exclusive Use Yard: No
  • Unit 1 Laundry Hook Ups: Common
  • Unit 1 Occupied: Tenant
  • Unit 1 Prkng Garage Space: 2
  • Unit 1 Rent Actual: $2,860
Unit 2
  • Unit Num for Unit 2: 2
  • Parking Garage Unit 2: Detached
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $2,081
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Occupied: Tenant
  • Unit 2 Prkng Garage Space: 1
  • Unit 2 Rent Actual: $2,081
Unit 3
  • Unit Num for Unit 3: 3
  • Parking Garage Unit 3: Detached
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $1,895
  • Unit 3 Exclusive Use Yard: No
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Occupied: Tenant
  • Unit 3 Prkng Garage Space: 1
  • Unit 3 Rent Actual: $1,895
Unit 4
  • Unit Num for Unit 4: 4
  • Parking Garage Unit 4: Detached
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $1,995
  • Unit 4 Exclusive Use Yard: No
  • Unit 4 Laundry Hook Ups: Common
  • Unit 4 Occupied: Tenant
  • Unit 4 Prkng Garage Space: 1
  • Unit 4 Rent Actual: $1,995

Property History for 489 East 55th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 489 East 55th Street

Taxable ValueLand$193,494Additions$362,216Total$555,710
Tax Record2023$7,910 ($659 / month)
Home Facts
Total Finished SqFt4,125 SqFtAbove Grade Finished SqFt4,125 SqFtLot Size7,549 SqFtStyleQuadraplexYear Built1965ZoningLBR1NCountyLOS ANGELESAPN7127-024-037

Schools near 489 East 55th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Addams Elementary School
PublicK to 5

Lindsey Academy
Public6 to 8

Jordan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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489 East 55th Street is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on January 22, 2024 by Compass, it's currently listed at $1,600,000. It has been on the market for a total of 96 days and was last sold on December 20, 2002. This listing's school district is Long Beach Unified School District. Nearby schools include Addams Elementary School, Lindsey Academy and Jordan High School. 489 East 55th Street is a 9-bed, 5-bath, multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Lucca Grassi, DRE #02148104; Compass, Mark Schwartz, DRE #01001222

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.