CA > Long Beach
Long Beach, CA 90805,520 E Adams ST
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Long Beach, CA 90805,520 E Adams ST
Long Beach, CA 90805,520 E Adams ST
Long Beach, CA 90805,520 E Adams ST
Long Beach, CA 90805,520 E Adams ST
Lisa Johnson
Lisa Johnson

Agent | License ID: 01951113

+1(619) 417-6764

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$ 4,596,812

$ 4,695,000 2.1%

Est. payment /mo
Sold on 10/20/2025

520 E Adams ST Long Beach, CA 90805

UPDATED:

Key Details

Sold Price $4,596,812

Property Type Residential Income

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW25079143

Year Built 1959

Property Sub-Type Apartment

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

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR4R

Interior

Laundry Common Area

Exterior

Pool Fenced, In Ground, Private

Community Features Curbs, Gutter(s), Sidewalks

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Doug Rodermund Morgan Skenderian dsr@morganskenderian.com
Bought with Bill Larson First Team Real Estate

GET MORE INFORMATION

Lisa Johnson

Lisa Johnson

Agent | License ID: 01951113

+1(619) 417-6764

Name
Phone*
Message

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520 E Adams ST

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