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Stunning turnkey investment property located at 473 East 55th Street in Long Beach, California. The property is a 1962 construction with a sought-after mix of nine two-bed/one-bath units and one one-bed/one-bath unit; two of the units are brand new attached ADU's. Most of the units have been thoughtfully updated and boast new modern yet timeless flooring, kitchens, and bathrooms to attract a solid tenant base and demand strong rents. The property also offers on-site laundry that generates additional income, and all units are separately metered for gas and electricity to reduce owner expenses. 473 East 55th Street is located in North Long Beach central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
Property Type(s):
Residential Income
| Last Updated | 7/1/2025 | Tract | Poly High (PH) |
|---|---|---|---|
| Year Built | 1962 | Community | 9 - Poly High |
| County | Los Angeles |
Additional Details
| AREA | 9 - Poly High |
|---|---|
| LOT | 6961 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Poly High (PH) |
| WATER | Public |
Location
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Listed with Steven M. Bogoyevac, Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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