Skip To Content

    445 E 55Th Street

    Long Beach, CA 90805
    • $1,735,000
    • STATUS: Active Under Contract
    • ON SITE: 122 days
    • ID#: 21709562
    Under Contract
    $1,735,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,170
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Excellent remodeled 6-unit building with great rents, ample parking, and more upside in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value with additional income upside and easy access to freeways, the beach, parks, and restaurants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/115403279
    Print Image

    445 E 55Th Street Long Beach, CA 90805

    • Price: $1,735,000
    • Status: Active Under Contract
    • ID#: 21709562
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,170
    SQFT
    $336
    $/SQFT
    1968
    Built
    Neighborhood:
    7 - North Long Beach
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    Excellent remodeled 6-unit building with great rents, ample parking, and more upside in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value with additional income upside and easy access to freeways, the beach, parks, and restaurants.
    Exterior Features

    Parking Features DrivewayGarage Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Appliances DishwasherGas CooktopDisposalMicrowaveOvenRefrigerator Flooring Wood

    Property Features

    Garage YN Yes Gross Income 138600 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 103950 Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasWater Vacancy Allowance Rate 2 Zoning Lbr1n

    Listing provided courtesy of Derek Lester of Compass and Joe Reichling of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T00:28:37.57. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365305756-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365305756-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365305756-1.jpg
    Logo
    Twiss Realty
    5071-A Cole Road
    Mariposa CA, 95338