$1,499,000

489 E 55th St East, Long Beach, CA 90805

  • 9 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.

Listing Status:
Active
Date Added:
March 30, 2026
Data Last Updated:
April 1, 2026 at 4:11PM
Listing Office:
Compass : 858-345-4514
Listing Agent:
Lucca T Grassi : 619-301-3416
MLS ID:
260007402
  • A/C: Wall/Window
  • Heating: Forced Air Unit
  • Roofing: Tile/Clay
  • General: Stucco2 Story
  • HOA Amenities: 0.0
  • Originating MLS: SDMLS
  • County: Los Angeles
  • Zoning: LBR1N7127-024-037
  • Fencing: Partial
  • Utilities: Sewer Connected
  • Source: SDMLS

This listing courtesy of Lucca T Grassi , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Addams Elementary School

5320 Pine Ave, Long Beach, CA, 90805

Grades KG-5

0.36 miles away

L

Lindbergh STEM Academy

1022 E Market St, Long Beach, CA, 90805

Grades 6-8

0.36 miles away

J

Jordan High School

6500 Atlantic Ave, Long Beach, CA, 90805

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.