17,520 sqft

$4,596,812

520 E Adams Street, Long Beach CA, 90805

Price per sqft$262.38

Built in1959

Property size17,520 sqft

Property typeCondominium

Bought with Bill Larson with First Team Real Estate and Listed by Doug Rodermund CA DRE# 01314304 with Morgan Skenderian [email protected]

Overview

Sold

Closed

Listed Apr 10, 2025

Updated 4 weeks ago

**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

Additional information

MLS^® ID: PW25079143

Interior Features

Basement: No

Exterior Features

Lot Size: 0.61 Acres

Other Property Details

Maintenance Expense: $10,000
Pool: Yes
55+/Senior Community: No

Bought with Bill Larson with First Team Real Estate and Listed by Doug Rodermund CA DRE# 01314304 with Morgan Skenderian [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:15 AM UTC Last Checked: 1:15 AM UTC