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$1,499,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 1 day ago
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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.

Full Property Details for 489 E 55th St

General

  • Price: $1,499,000
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 260007402
  • Updated: 3/30/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 9

Additional Information

  • Security/Safety: Other/Remarks

Location

  • Area: LONG BEACH (90805)
  • County: Los Angeles
  • Subdivision: North Long Beach (NLB)
  • Neighborhood: Long Beach
  • Complex: Long Beach

Heating & Cooling

  • Cooling Type: Wall/Window Air Conditioning
  • Heating Type: Forced Air Unit

Utilities

  • Utility Description: Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Stucco
  • Roof: Tile/Clay
  • Stories/Levels: 2
  • Year Built: 1965

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405
  • Lot Size: .17
  • Zoning: LBR1N
  • Fencing (Description): Partial

Financial Considerations

  • Operating Expenses: $14,693
  • Terms: Cal Vet, Cash, Conventional, Exchange, VA, Other/Remarks
  • Tenant Pays: Other Fees

Disclosures and Reports

  • Property ID: 7127-024-037

Listed by Compass (858) 345-4514, Lucca T Grassi and Compass (858) 345-4514, Mark J Schwartz

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Listing agents

— 489 E 55th St —

  • Lucca T Grassi

    Compass

  • Mark J Schwartz

    Compass

luccagrassirealty@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 489 E 55th St

School District:Long Beach Unified School District
NameGradesDistance
Addams Elementary School
5320 Pine Avenue, Long Beach, CA 90805
K-50.4 mi
Lindsey Academy
5075 Daisy Avenue, Long Beach, CA 90805
6-81 mi
Jordan High School, Long Beach, CA
6500 Atlantic Avenue, Long Beach, CA 90805
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 489 E 55th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/30/2026
Listed
$1,499,000
275.69%
MLS
12/20/2002
Sold
$399,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 489 E 55th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,436
7%
$578,147
4%
2023
$7,910
6%
$555,710
2%
2022
$7,448
-45%
$544,820
2%
2021
$13,520
-17%
$534,144
1%
2020
$16,345
128%
$528,670
2%
2019
$7,176
4%
$518,030
2%
2018
$6,867
1%
$507,874
2%
2017
$6,796
8%
$497,916
2%
2016
$6,304
4%
$488,154
2%
2015
$6,062
—
$480,822
2%
2014
$6,037
3%
$471,404
—
2013
$5,859
—
$469,274
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 489 E 55th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass (858) 345-4514, Lucca T Grassi and Compass (858) 345-4514, Mark J Schwartz

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489 E 55th St, Long Beach, CA 90805 (MLS# 260007402) is a Multi-Family property with 4 units containing 9 bedrooms and 5 full bathrooms. 489 E 55th St is currently listed for $1,499,000 and was received on March 30, 2026. Want to learn more about 489 E 55th St? 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.

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