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$4,596,812
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Property Description
**Excellent Unit Mix of 1 & 2-Bedroom Units**
**Priced at $184,615/Unit & $273/SF**
**10.42 GRM & 6.5% Cap Rate on Current Income**
**7.94 GRM & 9.4% Cap Rate on Market Rents**
**Easy Upside in Rental Income for a New Owner**
**Ideal Rental Location on Residential Street in North Long Beach**
----520 E. Adams Street offers an investor the opportunity to acquire 26 units in the strong rental market of North Long Beach. The property sits on a residential street across the street from Jordan High School and Houghton Park, and has easy access to the 91 & 710 Freeways. Residents enjoy a community pool, covered parking, gated access and an on-site laundry room.
--------Also for sale are neighboring properties of 540 Adams, 555 Adams, 560 Adams & 541 E. 64th Street
Full Property Details
Full Property Details for 520 E Adams St
General
- Sold For: $4,596,812
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25079143
- Added to Site: 281 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: Private, Fenced, In-Ground
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: South of Artesia Blvd and West of Atlantic Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 27
- # Electric Meters: 27
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 17,520
- Year Built: 1959
Unit Information
Unit 1
- Number of Units: 22
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.6075
- Lot Size Source: Assessor
- Zoning: LBR4R
- Lot Description: Lot 20000-39999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $262.38
- Price Per Unit: 180577
Listed by Morgan Skenderian, Doug Rodermund
Sold by First Team Real Estate, Bill Larson
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Schools
Schools serving 520 E Adams St
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Grant Elementary School, Long Beach, CA 1225 East 64th Street, Long Beach, CA 90805 | K-5 | 0.7 mi |
Hamilton Middle School 1060 70th Street, Long Beach, CA 90805 | 6-8 | 0.9 mi |
Jordan High School, Long Beach, CA 6500 Atlantic Avenue, Long Beach, CA 90805 | 9-12 | 0.2 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 520 E Adams St
Date
Details
Price
Change
Source
10/20/2025
Sold
$4,596,812
-2.09%
MLS
6/26/2025
Price Reduced
$4,695,000
-2.19%
MLS
4/10/2025
Listed
$4,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
520 E Adams Street, Long Beach, CA 90805 (MLS# PW25079143) is a Multi-Family property that was sold at $4,596,812 on October 20, 2025. Want to learn more about 520 E Adams Street? 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.

