Seller's Agent in 2025
Doug Rodermund
Morgan Skenderian
(949) 295-8560
6 in this area
36 Total Sales
520 E Adams St Long Beach, CA 90805
DeForest Park Neighborhood
3
Beds
2
Baths
17,520
Sq Ft
0.61
Acres
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
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 04/10/2025
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $38,263 | $2,695,228 | $1,017,163 | $1,678,065 |
| 2024 | $38,263 | $2,642,381 | $997,219 | $1,645,162 |
| 2023 | $37,579 | $2,590,570 | $977,666 | $1,612,904 |
| 2022 | $35,357 | $2,539,776 | $958,497 | $1,581,279 |
| 2021 | $34,541 | $2,489,977 | $939,703 | $1,550,274 |
| 2020 | $34,444 | $2,474,146 | $930,068 | $1,544,078 |
| 2019 | $34,049 | $2,425,825 | $911,832 | $1,513,993 |
| 2018 | $32,841 | $2,378,451 | $893,953 | $1,484,498 |
| 2016 | $30,075 | $2,276,772 | $859,241 | $1,417,531 |
| 2015 | $28,929 | $2,242,574 | $846,335 | $1,396,239 |
| 2014 | $28,851 | $2,198,646 | $829,757 | $1,368,889 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Rodermund
-
William Larson
Buyer's Agent in 2025
William Larson
First Team Real Estate
(866) 525-3656
5 in this area
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25079143
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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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