520 E Adams Street, Long Beach, CA 90805
- $4,596,812
- Sold Price
- $4,596,812
- List Price
- $4,695,000
- Closing Date
- Oct 20, 2025
- Status
- CLOSED
- MLS#
- PW25079143
- Year Built
- 1959
- Lot Size
- 26,464
- Acres
- 0.61
- Days on Market
- 102
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
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
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Additional Information
- Pool
- Yes
- Pool Description
- Fenced, In Ground, Private
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 26
- Gross Scheduled Income
- $461,388
- Operating Expense
- 120009
Listing courtesy of Listing Agent: Doug Rodermund (dsr@morganskenderian.com) from Listing Office: Morgan Skenderian.
Listing sold by Bill Larson from First Team Real Estate
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.