489 E 55th St Long Beach, CA 90805
Dairy NeighborhoodEstimated payment $8,674/month
About This Home
4 Unit Investment Opportunity in North Long Beach! Don’t miss this exceptional opportunity to own a cash flowing 4 unit property in the heart of North Long Beach. This well maintained complex features one spacious 3 bedroom, 2 bath unit and three 2 bedroom, 1 bath units, making it ideal for both seasoned investors and owner-occupants seeking rental income. Each unit includes its own single car detached garage, while the 3 bedroom unit offers a 2 car detached garage. The property also includes on site coin operated laundry, providing convenient additional revenue. (Potential to convert garages into additional units!) This is a investment with strong existing cash flow and minimal maintenance required. Live in one unit and rent out the others, or add this solid asset to your rental portfolio. Please do not disturb tenants. All offers subject to interior inspection.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 7,405 Sq Ft Lot
- Partially Fenced Property
Home Design
- Clay Roof
- Stucco
Interior Spaces
- 9 Bedrooms
- 2-Story Property
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
Community Details
Overview
- 4 Units
- Long Beach Community
- North Long Beach Subdivision
Building Details
- Operating Expense $14,693
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 | $8,047 | $577,867 | $201,310 | $376,557 |
| 2024 | $8,047 | $566,537 | $197,363 | $369,174 |
| 2023 | $7,910 | $555,430 | $193,494 | $361,936 |
| 2022 | $7,448 | $544,540 | $189,700 | $354,840 |
| 2021 | $13,520 | $533,864 | $185,981 | $347,883 |
| 2019 | $7,176 | $518,310 | $180,465 | $337,845 |
| 2018 | $6,867 | $508,154 | $176,927 | $331,227 |
| 2016 | $6,304 | $488,154 | $170,057 | $318,097 |
| 2015 | $6,062 | $480,822 | $167,503 | $313,319 |
| 2014 | $6,037 | $471,404 | $164,222 | $307,182 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | For Sale | $1,499,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Ticor Title San Diego Branch | |
| Grant Deed | $399,000 | Natc | |
| Grant Deed | $20,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $542,000 | New Conventional | |
| Closed | $288,200 | No Value Available |
Source: San Diego MLS
MLS Number: 260007402
APN: 7127-024-037
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