555 E. Adams Street

555 E. Adams Street, Long Beach, CA 90805

  • For Sale $2,925,000
  • 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 10, 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

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable

  • Transit Score ®

    47/100 Some Transit

  • Bike Score ®

    78/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Louisiana Chicken

    0.26 miles

  • Subway

    0.27 miles

  • McDonald's

    0.28 miles

  • Carl's Jr.

    0.33 miles

  • Wendy's

    0.33 miles

  • Robert Earl's BBQ

    0.35 miles

  • KS Donuts

    0.58 miles

  • Douglas Char-broiled Burger

    1.06 miles

  • Lee's Sandwiches

    1.07 miles

  • Jack in the Box

    1.08 miles

  • David Starr Jordan High School

    0.22 miles

  • Grant Elementary School

    0.62 miles

  • Saint Johns School

    0.68 miles

  • Hamilton Middle School

    0.83 miles

  • Starr King School

    0.96 miles

  • Saint Athanasius School

    1.10 miles

  • Harte Elementary School

    1.11 miles

  • Lindbergh Middle School

    1.16 miles

  • Addams Elementary School

    1.22 miles

  • Leona Jackson Middle School

    1.31 miles

  • Artesia Head Start

    0.85 miles

  • The Learning Box Childcare & Enrichment Center Inc

    1.87 miles

  • Oak Wood Academy

    2.88 miles

  • Rancho Los Amigos Daycare

    4.08 miles

  • injoy life

    4.15 miles

  • Montessori Academy of Downey

    5.82 miles

  • A Village Child Care

    6.50 miles

  • Locke Early Education Center

    6.52 miles

  • Great Beginnings

    7.01 miles

  • Codela Pre-School

    7.16 miles

Frequently Asked Questions

How much does 555 E. Adams Street cost?

The space currently listed for sale at 555 E. Adams Street asks for $2,925,000.

What is the total square footage of 555 E. Adams Street?

555 E. Adams Street totals 10,310 square feet.

When was this property built?

555 E. Adams Street was built in 1958.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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