$4,596,812
SOLD OCT 20, 2025

520 E Adams St Long Beach, CA 90805

DeForest Park Neighborhood
3 Beds
2 Baths
17,520 Sq Ft
0.61 Acres

Recently Sold

$262 Per Sq Ft

4% Below List Price

113 Days on Market

Highlights

  • In Ground Pool
  • 0.61 Acre Lot
  • Laundry Room

About This Home

As of October 2025

**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

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 04/10/2025

Last Buyer's Agent

William Larson

First Team Real Estate License #01373184

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.61 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 17,520 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 26 Parking Spaces
  • 26 Carport Spaces

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 23289
  • Assessor Parcel Number 7115028010
  • $5,373 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 27 Separate Electric Meters
  • 27 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,273
  • Fuel Expense $6,273
  • Gardener Expense $1,940
  • Insurance Expense $7,259
  • Maintenance Expense $10,000
  • Other Expense $1,000
  • Pest Control $1,631
  • Pool Expense $3,420
  • Trash Expense $6,273
  • Water Sewer Expense $6,273
  • New Taxes Expense $63,601
  • Operating Expense $120,009
  • Gross Income $3,600
  • Net Operating Income $327,537

Additional Features

  • 26 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 7.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6273.00
  • Zoning: LBR4R
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1940.00
  • Parcel Number: 7115028010
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 262.38

Exterior Features

  • Pool Expense: 3420.00
  • Pool Features: Private, Fenced, In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 26.00
  • Total Parking Spaces: 26.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1631.00
  • Sewer: Public Sewer
  • Trash Expense: 6273.00
  • 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: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 26464.00
  • Lot Size Acres: 0.6075

Multi Family

  • Electric Expense: 6273.00
  • Fuel Expense: 6273.00
  • Gross Income: 3600.00
  • Gross Multiplier: 10.18
  • Gross Operating Income: 447546.00
  • Gross Scheduled Income: 461388.00
  • Insurance Expense: 7259.00
  • Laundry Income: 3600.00
  • Lot Size Area: 26464.0000 Square Feet
  • Maintenance Expense: 10000.00
  • Net Operating Income: 327537.00
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 27
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 26
  • Operating Expense: 120009.00
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 38099.00
  • Total Expenses: 120009.00

Tax Info

  • New Taxes Expense: 63601.00
  • Tax Census Tract: 5703.05
  • Tax Lot: 7
  • Tax Tract Number: 23289
  • TaxOtherAnnualAssessmentAmount: 5373.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
10/20/2025 10/20/25 Sold $4,596,812 -2.1% $262 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
06/26/2025 06/26/25 Price Changed $4,695,000 -2.2% $268 / Sq Ft
04/10/2025 04/10/25 For Sale $4,800,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2025

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    6 in this area

    32 Total Sales

    Doug Rodermund
    Section Image
  • William Larson

    Buyer's Agent in 2025

    William Larson

    First Team Real Estate

    (866) 525-3656

    5 in this area

    24 Total Sales

    William Larson
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25079143

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

520 E Adams St, Long Beach, CA

Sold

MultiFamily

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