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About This Home
This 9-bedroom, 5-bathroom residential multi family at 489 E 55th St in Long Beach, CA is listed for $1,499,000. Built in 1965, on a 0.17 acres lot.
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.
Key Features
- Built in 1965
- 0.17 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$8,017/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
489 E 55th St
Long Beach, CA 90805
North Long Beach (NLB)
Property Details
Heating
Cooling
Questions & Answers
This 9-bedroom, 5-bathroom residential multi family at 489 E 55th St is listed at $1,499,000. The estimated monthly payment is $6,496 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.17 acre lot, 2 stories.
This property is listed by Lucca T Grassi and can be reached at 6193013416 or luccagrassirealty@gmail.com.
