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$1,475,000
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Property Description
The Corner @ 55th offers an investor the opportunity to acquire a pride of ownership, professionally-managed property in an excellent rental market. The property has undergone numerous renovations, and contains an excellent unit mix of large 1 & 2-bedroom units.
|| Renovated Property Near Bixby Knolls || Excellent Mix of Large 1 & 2-Bedroom Units || Corner Location || Professionally-Managed || Possible ADU Conversion of Garages || 7.9% CAP on Current Rents
Full Property Details
Full Property Details for 401 E 55th
General
- Sold For: $1,475,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25263083
- Added to Site: 104 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: West of Atlantic Ave and North of Market Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,782
- Year Built: 1963
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1003
- Lot Size Source: Assessor
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $390.01
- Price Per Unit: 250000
Listed by Morgan Skenderian, Doug Rodermund
Sold by Morgan Skenderian, Garrett Blair
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Schools
Schools serving 401 E 55th
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Addams Elementary School 5320 Pine Avenue, Long Beach, CA 90805 | K-5 | 0.3 mi |
Lindsey Academy 5075 Daisy Avenue, Long Beach, CA 90805 | 6-8 | 0.9 mi |
Jordan High School, Long Beach, CA 6500 Atlantic Avenue, Long Beach, CA 90805 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 E 55th
Date
Details
Price
Change
Source
1/26/2026
Sold
$1,475,000
-1.67%
MLS
11/19/2025
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
401 E 55th, Long Beach, CA 90805 (MLS# PW25263083) is a Multi-Family property that was sold at $1,475,000 on January 26, 2026. Want to learn more about 401 E 55th? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

