489 E  55th St, Long Beach, CA 90805
FOR SALE

489 E 55th St
Long Beach, CA 90805

North Long Beach
  • 9 Beds
  • 5 Baths
  • 9 Beds
  • 5 Baths

$1,600,000

Est. Mortgage $10,181/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

Amazing turn key investment opportunity. One 3 bed 2 bath and three 2 bed 1 bath. All units occupied. Great for an investor or to live in one and rent out the other 3. Each unit has its own single car detached garage and the three bedroom has a 2 car detached garage and private patio. Coin operated laundry in on the premises for additional income. Do not miss out on this opportunity to purchase a ready to go income producing investment property! Do not disturb tenants. All offers subject to interior inspection. (Additional pictures coming soon!)

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Cooling only
HOA
None
Price/Sqft
No Info
Listed
94 days ago

Home Details for 489 E 55th St

Interior Features

Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 5Number of Bathrooms (full): 5
Appliances & Utilities
Appliances: Range/Oven, Dryer, WasherDryerLaundry: Unit 1 Common Laundry Hookup,Unit 2 Common Laundry Hookup,Unit 3 Common Laundry Hookup,Unit 4 Common Laundry HookupWasher
Heating & Cooling
Has CoolingAir Conditioning: Zoned
Fireplace & Spa
Has a Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: # of Units w/Patios: 1Fencing: Partial
Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageNo Attached GarageParking Spaces: 7Parking: Garage,Garage(Detached)

Days on Market

Days on Market: 94

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Res Income 2-4 Units
Building
Construction Materials: Brick
Property Information
Parcel Number: 7127024037

Price & Status

Price
List Price: $1,600,000

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Long BeachCommunity: Long Beach

Agent Information

Listing Agent
Listing ID: 240001750

Lot Information

Lot Area: 7549 sqft

Offer

Listing Agreement Type: Exclusive Right (R)Listing Terms: Cash, Conventional, 1031 Exchange

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Expense
Tenant Pays: Cable TV, Electricity

Rental

Are Units Furnished: None

Miscellaneous

Mls Number: 240001750Living Area Range Units: Square Feet
Last check for updates: 1 day ago
Listing courtesy of Lucca T Grassi DRE# 02148104, (619) 301-3416
Compass
Mark J Schwartz
Compass
Source: SDMLS, MLS#240001750

Price History for 489 E 55th St

DatePriceEventSource
01/23/2024$1,600,000Listed For SaleSDMLS #240001750
12/20/2002$399,000Sold
N/A
12/27/2000$20,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$7,910
Assessment$555,710
Home facts updated by county records

Comparable Sales for 489 E 55th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.40
Multi-Family Home
$950,000
08/04/23
8
4
3,376
0.46
Multi-Family Home
$828,500
12/01/23
6
4
3,150
0.49
Multi-Family Home
$716,666
02/08/24
4
4
1,848
0.21
Multi-Family Home
$855,000
09/12/23
4
2
2,001
0.47
Multi-Family Home
$1,300,000
11/28/23
8
4
3,136
0.25
Multi-Family Home
$880,000
12/22/23
4
2
1,448
0.51
Multi-Family Home
$616,667
02/08/24
5
3
2,288

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about North Long Beach

  • Josh Rice
    "The homless encampments behind our apartment make it feel real special. Sometime we get human feces on the sidewalk as an extra bonus of neighborly love. The city does t do anything to prevent this there’s trash all over we get no help"
    11
    Flag
  • Trulia User
    "My commute is decent. I have a few points of interest about equidistant from my home. They are also close to my home so the commute is short without traffic. I usually commute by car."
    0
    Flag
  • Trulia User
    "Is not. North Long Beach always been in between many other places. Is the same as any other failing city in Los Angeles County."
    3
    Flag
  • Trulia User
    "It’s good for the kid to play and go to the park and there are good people there to so it is a safe neighborhood"
    2
    Flag
  • Trulia User
    "I commute 15 miles bit ways for work and school. Long Beach is such a large city you can drive 20-30 mins around the city. "
    1
    Flag
  • Trulia User
    "I think every day in this community is special. the city has a life of it's very own with so much foot traffic everywhere, many shops, restaurants, and my favorite businesses, it is a great place to be"
    0
    Flag
  • Trulia User
    "yes watching people walking there dogs I have dogs Im looking for a house with fenced in yard to protect my dogs while they play so they don't get hit by fast drivers"
    0
    Flag
  • Trulia User
    "everyone is clean and picks up after their pets and if anyone has disagreement with anything would rather you be neighborly and come knock on the door."
    0
    Flag
  • Trulia User
    "There are too many people on drugs and homeless people walking around all hours of the night. Keep a close eye on your children. I don't feel it is safe for small children to be walking alone."
    2
    Flag
  • Trulia User
    "I’ve lived here for 7yrs and I love it. Neighbors are amazing, friendly. Respectful,a true place to raise a family and soooo closed to so many things."
    5
    Flag
  • Trulia User
    "That this is area is well maintained and is super friendly for people especially our children. I wouldn't want to live anywhere else. I feel comfortable and safe here."
    0
    Flag
  • Ceejay05.cj
    "There are several parks that allow dogs in the area. It’s common to see other dog owners walking their dogs."
    2
    Flag
  • Richard K.
    "This place is terrible. Lots of feral dogs roaming and fast cars on small streets. If your dog runs into the street it will most likely be hit by a car."
    6
    Flag
  • Corri A.
    "I’ve lived in north Long Beach for 20 plus years and it has changed a lot but is still a fairly good place to raise children and have pets . Streets are quiet most of the time "
    14
    Flag
  • Yolanda S.
    "Quiet, neighborhood friendly, I’m surrounded around grocery stores, close to schools, I could walk to a bus stop that’s very close."
    11
    Flag
  • Sk S.
    "Public commute is hard. Getting to point a to point b is hard without your own car. The area is prone for street racing especially in the middle of the night."
    5
    Flag
  • Reth L.
    "Nice area to take your dog for a walk. However people don’t clean up after their dogs here and I’m always seeing random dog that escape their yard without the owner in sight."
    4
    Flag
  • Yolanda L.
    "There is rarely any heavy traffic. The buses usually are on time. Driving on the freeway is safe and can get home or to work quickly."
    0
    Flag
  • Shenika H.
    "my neighborhood is ok. apartments are kinda close. looking for a house or condo with more space in the area"
    2
    Flag
  • Jade F.
    "You see people walking dogs in the evening all the time and everyone is friendly. It's a nice neighborhood to live in. "
    1
    Flag
  • Celesterialedwards
    "My commute but would capable access to work, essential businesses, and convenient public places. This area is very convenient for family to also visit."
    0
    Flag
  • Cameron D.
    "There are four stray dogs that I know of in the area around my street and they often roam. One of the larger ones chased me for a good while when I was on my way home one night. It’s also annoying how some dog owners do not pick up after their dogs. "
    2
    Flag
  • Falandiayounger
    "My commute is pretty good. I get around really well with my own vehicle. I dont usually use public transportation."
    1
    Flag
  • Elena R.
    "Lot’s of stray cats, some areas strong smell of car urine and other urine. Trash being left around the neighborhood, not always the safest or healthiest for pets or people in general."
    2
    Flag
  • Dreynolds011964
    "Speed competition, loud parties with people parking the vehicles blocking street, throwing trash in streets, drinking alcohol on the street, neighbors park blocking driveways, loud music to all hours of night"
    3
    Flag
  • Mony M.
    "Nice community away from the big city, also affordable. A 20min-30min commute pretty much anywhere whether it be Beverly Hills, or the opposite side to Orange County, Anaheim to Disney land. "
    0
    Flag
  • John B.
    "I have lived in the neighborhood 16 years grew my children up here, great for commuting and away from downtown crowding. Dog park, neighborhood watch, excellent police coordination with community with neighborhood news letter. Homes sell quickly with excellent real estate investment returns."
    16
    Flag
  • Dreynolds011964
    "Drive by shootings, b and e, speed racing on residential streets, illegal fireworks and police don’t show up,,, I could go and on and on,,,"
    2
    Flag
  • Nicole H.
    "Don’t bring your kids to this neighborhood, during the past year there have been a lot of deaths just around a mile radius of my house. There’s so many creeps around here."
    1
    Flag
  • Sean W.
    "Busses are always late & people smell very badly, being hand sanitizer and headphones to make things a bit more tolerable "
    0
    Flag
  • Madelyn C.
    "There is not special events the neighbors are really loud and the parking is the worst I mean the worst if you are having a party good luck having you guest find parking there is none and the neighbors steel all the parking the neighbors are loud annoying and rude there are only two nice neighbors in this block the rest are all annoying "
    4
    Flag
  • Ebonynesey
    "That it’s families and it’s clean and safe for our kids to play and walk to school and good places to go and eat "
    2
    Flag
  • Jordan M.
    "very very very noisy neighbor. loud cars, people racing on the street, even at the middle o CNN the night you can not sleep peacefully. I can not wait to move out of this area. our mail boxes got stolen twice in 3 months. "
    23
    Flag
  • Foxyfrogpad
    "very careless drivers, constantly driving fast through neighborhood streets without any care.. children need to take extra caution running into the streets or riding their scooters or bikes."
    5
    Flag
  • Daidai696
    "Great neighborhood and families. Great parks for the kids or just to take a walk by yourself or with the family "
    2
    Flag
  • Ivanwatson215
    "It's a friendly community that has plenty of options for families and singles. Beautiful parks with recreation services for all."
    9
    Flag
  • Alohafriday
    "My neighbors watch my house while I’m out of town I trust several of my neighbors They friendly they say hi. They will help u if u ask them"
    3
    Flag
  • Ramiro G.
    "There’s not much community things going on except first Friday’s on Atlantic and the best part is crack heads only come out at like 1-3am"
    0
    Flag
  • Luis R.
    "Parks are near, dogs are welcomed, public transportation is available, schools are decent and the community is active "
    1
    Flag
  • Linda M. C.
    "None. They do have a community clean up every 4 months. Pot luck every 7 months. To get to know people in your community "
    1
    Flag

LGBTQ Local Legal Protections

Lucca T Grassi, Compass
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
489 E 55th St, Long Beach, CA 90805 is a 9 bedroom, 5 bathroom multi-family built in 1965. 489 E 55th St is located in North Long Beach, Long Beach. This property is currently available for sale and was listed by SDMLS on Jan 23, 2024. The MLS # for this home is MLS# 240001750.