8
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$4,596,812
$4,695,000 2.1%
Est. payment /mo
3 Beds
0.61 Acres Lot
Sold on 10/20/2025
520 E Adams Street Long Beach, CA 90805
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Key Details
Sold Price $4,596,812
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25079143
Bedrooms 3
Lot Size 0.608 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
**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
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
Pool Below Ground, Private
View Y/N No
Building
Story 2
Others
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
Listed by Doug Rodermund Morgan Skenderian
Bought with Bill Larson First Team Real Estate
Bought with Bill Larson First Team Real Estate
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