Millman Team Real Estate

$1,499,995
0.17 Acre Lot

489 E 55th St E, Long Beach, California 90805

  • Residential Income Property Type
  • 1965 Year Built
Property Description

Turn Key 4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a fully occupied, income producing 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 true turn key 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.

Basic Details
Residential Income
For Sale
250030572SD
$1,499,995
1965
0.17 Acre
Active
Features
: Forced Air
: Wall/Window Unit(s)
: Partial
$0
Address Map
CA
Los Angeles
Long Beach
90805
55th St
489
CrossStreet: Linden Ave
E
E
LBR1N
Additional Information
$0
$0
$0
$0
$0
: Two
4
2025-06-12
Long Beach
2
2
https://www.propertypanorama.com/instaview/snd/250030572
Broker/Agent Information
Compass
Lucca Grassi
Listing Information
Mark Schwartz
SAND-630464
SAND-8355
Compass
SAND-706269
SAND-8355
Cash,Conventional,Cal Vet Loan,VA Loan
Active
2025-07-17T16:43:43Z
CRMLS
2025-06-12T17:00:00Z
Agent info
Ray Millman
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