401 E 55th St Long Beach, CA 90805
Dairy NeighborhoodEstimated payment $9,532/month
Highlights
- Corner Lot
- Laundry Room
- 4-minute walk to Grace Park
About This Home
The Corner @ 55th offers an investor the opportunity to acquire a pride of ownership, professionally-managed property in an excellent rental market. The property has undergone numerous renovations, and contains an excellent unit mix of large 1 & 2-bedroom units. || Renovated Property Near Bixby Knolls || Excellent Mix of Large 1 & 2-Bedroom Units || Corner Location || Professionally-Managed || Possible ADU Conversion of Garages || 7.9% CAP on Current Rents
Listing Agent
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 11/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,260
Year Built
- Built in 1963
Lot Details
- 4,371 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 6 Open Parking Spaces
- 2 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,782 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 879
- Tax Tract Number 5134
- Assessor Parcel Number 7127024019
- $1,092 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $540
- Fuel Expense $540
- Gardener Expense $1,200
- Insurance Expense $2,677
- Maintenance Expense $3,000
- Other Expense $565
- Pest Control $720
- Trash Expense $540
- Water Sewer Expense $540
- New Taxes Expense $20,260
- Operating Expense $31,662
- Gross Income $300
- Net Operating Income $118,168
Additional Features
- 6 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,309 | $673,133 | $232,114 | $441,019 |
| 2024 | $9,309 | $659,935 | $227,563 | $432,372 |
| 2023 | $9,143 | $646,996 | $223,101 | $423,895 |
| 2022 | $8,599 | $634,311 | $218,727 | $415,584 |
| 2021 | $8,402 | $621,875 | $214,439 | $407,436 |
| 2019 | $8,281 | $603,432 | $208,080 | $395,352 |
| 2018 | $8,044 | $591,600 | $204,000 | $387,600 |
| 2016 | $5,032 | $364,010 | $76,988 | $287,022 |
| 2015 | $4,846 | $358,543 | $75,832 | $282,711 |
| 2014 | $4,843 | $351,521 | $74,347 | $277,174 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $1,500,000 | +158.6% | $397 / Sq Ft | |
| 11/18/2016 11/18/16 | Sold | $580,000 | +1.8% | $153 / Sq Ft | View Prior Sale |
| 10/05/2016 10/05/16 | Pending | -- | -- | -- | |
| 10/03/2016 10/03/16 | For Sale | $570,000 | -- | $151 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25263083
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 402 E Louise St
- 309 E Louise St
- 473 E 55th St
- 253 E Louise St
- 5355 Pine Ave
- 5320 Lime Ave
- 5529 Dairy Ave
- 5808 Linden Ave Unit 3
- 305 E 52nd St
- 5824 Linden Ave Unit 1
- 246 E Hullett St
- 83 E Louise St
- 360 E 59th St
- Plan 2165 at Rhythm
- Plan 1630 Modeled at Rhythm
- Plan 1403 Modeled at Rhythm
- Plan 1881 at Rhythm
- Plan 1860 at Rhythm
- 5868 Linden Ave Unit 6
- 5868 Linden Ave Unit 3
- 409 E Market St
- 5476 Linden Ave Unit 1
- 5476 Linden Ave Unit 6
- 248 E Norton St Unit 2
- 150 E 57th St Unit 3
- 218 E Hullett St Unit A
- 5864 Linden Ave Unit 3
- 46 E Plymouth St Unit 3
- 5908 Atlantic Ave Unit A
- 455 E 51st St
- 5555 N Long Beach Blvd
- 420 E Home St
- 1170 E 55th St
- 447 E 61st St
- 317 E 61st St
- 145 E Pleasant St Unit Pleasant
- 136 W 53rd St Unit A
- 158 W Del Amo Blvd Unit sA
- 4966 Oregon Ave Unit D
- 4966 Oregon Ave Unit E