$1,500,000

401 E 55th St Long Beach, CA 90805

Dairy Neighborhood

Estimated payment $9,594/month

7 Beds
6 Baths
3,782 Sq Ft
$397 Price per Sq Ft

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. 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.

Listing Agent

Doug Rodermund

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

  • 4 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
  • 4 Separate Water Meters
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,260

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 7.90
  • Property Attached: Yes
  • Water Sewer Expenses: 540.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7127024019
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 396.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4371.00
  • Lot Size Acres: 0.1003

Multi Family

  • Electric Expense: 540.00
  • Fuel Expense: 540.00
  • Gross Income: 300.00
  • Gross Multiplier: 9.71
  • Gross Operating Income: 149830.00
  • Gross Scheduled Income: 154464.00
  • Insurance Expense: 2677.00
  • Laundry Income: 300.00
  • Lot Size Area: 4371.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 118168.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 6
  • Operating Expense: 31662.00
  • Other Expense: 565.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 12847.00
  • Total Expenses: 31662.00

Tax Info

  • New Taxes Expense: 20260.00
  • Tax Lot: 879
  • Tax Tract Number: 5134
  • Tax Annual Amount: 20260.00
  • TaxOtherAnnualAssessmentAmount: 1092.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25263083

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Dairy

401 E 55th St, Long Beach, CA

For Sale

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California Regional Multiple Listing Service (CRMLS) 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

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Doug Rodermund
Listing Agent
Doug Rodermund
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Morgan Skenderian
(562) 521-8472