555 E Adams St

Long Beach, CA 90805

$2,840,000
Price
1
Bed
16
Baths
10,310 Sq. Ft.
$275 / Sq. Ft.
10,310
Sq. Ft.
$275
per Sq. Ft.

Description

Pride of Ownership Community Across From Jordan High School & Houghton Park Priced at $177,500/Unit & $275.46/SF 9.55 GRM & 7.1% Cap Rate on Current Income 7.74 GRM & 9.5% Cap Rate on Market Rents Easy Upside in Rental Income for a New Owner ----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...Pride of Ownership Community Across From Jordan High School & Houghton Park Priced at $177,500/Unit & $275.46/SF 9.55 GRM & 7.1% Cap Rate on Current Income 7.74 GRM & 9.5% Cap Rate on Market Rents Easy Upside in Rental Income for a New Owner ----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. --------Also for sale are neighboring properties of 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
  1. Listed by Doug Rodermund • DRE #01314304 • Brokerage DRE #01220368 • Morgan Skenderian • dsr@morganskenderian.com

Property Details for 555 East Adams Street

Parking Spaces Total
16
Private Pool
Yes
Total Units
16.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
10310
Assessor Parcel Number
7115-028-013
Property Attached YN
true
LISTING UPDATED: 06/26/2025 11:17 AM

Property Details for 555 East Adams Street

StatusActive
MLS #PW25079249
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyLos Angeles County

Location

Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304
Add your commute

Building Information for 555 East Adams Street

Building/Complex555 E Adams StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1958Building Size-

Payment Calculator

$17,016 per month

30 year fixed, 6.845% Interest

Principal and Interest

$14,880

Property Taxes

$2,136

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 555 East Adams Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,700
  • Gross Scheduled Income: $297,228
  • Vacancy Allowance: 8916
  • Gross Operating Income: $288,311
  • Net Operating Income: $201,726
  • Laundry Income: $2,700
  • Gross Multiplier: 9.55
  • Cap Rate: 7.1
Expense Details
  • Operating Expense: $86,585
  • New Taxes Expense: $39,529
  • Gardener Expense: $2,120
  • Fuel Expense: $5,750
  • Pest Control Expense: $960
  • Pool Expense: $3,160
  • Electric Expense: $5,750
  • Insurance Expense: $4,816
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $6,000
  • Other Expense: $1,000
  • Other Expense Description: misc
  • Trash Expense: $5,750
  • Water Sewer Expense: $5,750
  • Total Expenses: $86,585
Tax / Assessment Info
  • Tax Tract Number: 23289
  • Tax Census Tract: 5703.05
  • CFD/Mello-Roos Fee: $4,307
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: Private, Fenced, In Ground
  • Pool Description: Fenced, In Ground, Private
  • Pool: Below Ground, Private
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 16
Unit Information
Unit 1
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,532
  • Unit Type Total Rent: $24,519
  • Unit Type Pro Forma: 1895
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1

Property History for 555 East Adams Street

DateEvent & SourcePriceAppreciation
Jun 27, 2025

Price Change

SDMLS #PW25079249

$2,840,000—
Jun 26, 2025

Price Change

CLAW #PW25079249MR

$2,840,000—
Jun 26, 2025

Price Change

CRMLS #PW25079249

$2,840,000—
Apr 10, 2025

Listed (Active)

SDMLS #PW25079249

$2,925,000—
Apr 10, 2025

Listed (Active)

CLAW #PW25079249MR

$2,925,000—
Apr 10, 2025

Listed (Active)

CRMLS #PW25079249

$2,925,000—
Oct 27, 2009

Sold (Public Record)

Public Record #278850248

$1,356,000

+2.8% / yr

Feb 14, 1990

Sold (Public Record)

Public Record #60354061

$783,500—
DateEvent & SourcePrice
06/27/2025

Price Change

SDMLS #PW25079249

$2,840,000
06/26/2025

Price Change

CLAW #PW25079249MR

$2,840,000
06/26/2025

Price Change

CRMLS #PW25079249

$2,840,000
04/10/2025

Listed (Active)

SDMLS #PW25079249

$2,925,000
04/10/2025

Listed (Active)

CLAW #PW25079249MR

$2,925,000
04/10/2025

Listed (Active)

CRMLS #PW25079249

$2,925,000
10/27/2009

Sold (Public Record)

Public Record #278850248

$1,356,000

+2.8% / yr

02/14/1990

Sold (Public Record)

Public Record #60354061

$783,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 555 East Adams Street

Taxable ValueLand$577,068Additions$1,142,158Total$1,719,226
Tax Record2024$25,630 ($2,136 / month)
Home Facts
Total Finished SqFt10,310 SqFtAbove Grade Finished SqFt10,310 SqFtLot Size14,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLBR4RCountyLOS ANGELESAPN7115-028-013

Schools near 555 East Adams Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Grant Elementary School
PublicK to 5

Hamilton Middle School
Public6 to 8

Jordan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

555 East Adams Street is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on April 10, 2025 by Morgan Skenderian, it's currently listed at $2,840,000. It has been on the market for a total of 89 days and was last sold on October 27, 2009. This listing's school district is Long Beach Unified School District. Nearby schools include Grant Elementary School, Hamilton Middle School and Jordan High School. 555 East Adams Street is a 1-bed, 16-bath, 10,310 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Doug Rodermund, DRE #01314304

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.