555 E. Adams Street

For Sale

555 E. Adams Street, Long Beach, CA 90805

This Long Beach property for sale is located at 555 E. Adams Street. The general use of 555 E. Adams Street is multi-family and it incorporates 10,310 square feet of class B multi-family space. The current listed sale price for 555 E. Adams Street is $2,925,000. 555 E. Adams Street is situated on a lot that is 0.34 acre in size.

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 10,310 SF
  • Units 16
  • Lot Size 0.34 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1958
  • Date Updated Apr 14, 2025
Discover the allure of Long Beach, a vibrant coastal city offering an eclectic mix of urban amenities and seaside charm. Located near the property, residents enjoy easy access to popular attractions such as the Aquarium of the Pacific, the historic RMS Queen Mary, and the lively Pike Outlets. With a dynamic dining scene, upscale shopping, and a plethora of recreational activities along the waterfront, this prime location offers endless entertainment possibilities for multifamily residents. Explore the local arts and culture scene, or simply bask in the year-round sunshine at nearby beaches. Long Beach truly embodies the best of coastal California living, making it an ideal investment opportunity for multifamily and low-rise/garden investors.555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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. The city of Long Beach has become one of the Southland’s strongest rental markets, in part due to its central location and rapidly improving neighborhoods. It’s diverse economy includes shipping, trade, manufacturing, tourism, healthcare and education. It is home to California State University Long Beach and one of the busiest ports in the world with The Port of Long Beach.
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Highlights

  • Pride of Ownership Community Across From Jordan High School & Houghton Park
  • Priced at $182,813/Unit & $283/SF
  • 9.84 GRM & 6.7% Cap Rate on Current Income
  • 7.98 GRM & 9.0% Cap Rate on Market Rents
  • Easy Upside in Rental Income for a New Owner

Getting around

  • 69/100

    Walk Score ®

  • 47/100

    Transit Score ®

  • 78/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Long Beach, CA
  • Neighborhood DeForest Park
  • Zip Code 90805
  • Market Los Angeles

Points of Interest

  • Del Amo

    2.09 miles

  • Wardlow

    3.52 miles

  • Long Beach Boulevard

    4.03 miles

  • Willowbrook/Rosa Parks

    5.02 miles

  • Pacific Coast Highway

    5.58 miles

  • 103rd Street/Watts Towers

    5.99 miles

  • Avalon

    6.03 miles

  • Anaheim Street

    6.10 miles

  • 5th Street

    6.68 miles

  • Pacific Avenue

    6.78 miles

  • Valero

    0.75 miles

  • Chevron

    1.03 miles

  • Mobil

    1.04 miles

  • Circle K

    1.17 miles

  • Arco

    1.34 miles

  • 76

    1.66 miles

  • Petro Bras

    1.69 miles

  • EVgo

    2.97 miles

  • eVgo

    3.64 miles

  • Blink

    4.66 miles

  • Visitor Parking

    1.57 miles

  • Metro Park and Ride

    2.10 miles

  • parking structure

    2.82 miles

  • Frontier Parking

    3.23 miles

  • visitor parking

    3.69 miles

  • Long Beach Motel

    0.98 miles

  • Crystal Casino & Hotel

    2.01 miles

  • Motel 6

    2.09 miles

  • Royalty Inn

    2.35 miles

  • Artesia Motor Inn

    2.43 miles

  • Bellflower Travel Inn

    2.73 miles

  • Hotel Salina

    2.94 miles

  • Lucky Lodge Motel

    2.95 miles

  • Sunshine Motel

    2.97 miles

  • Rodeway Inn & Suites

    2.98 miles

  • Big Saver Foods

    0.64 miles

  • Food 4 Less

    1.16 miles

  • Best Food Market

    1.23 miles

  • Target

    1.25 miles

  • Fallas

    1.49 miles

  • Superior (market)

    1.50 miles

  • Northgate Market

    1.82 miles

  • ALDI

    1.93 miles

  • Marshalls

    1.95 miles

  • Gateway Towne Center

    2.01 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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