$4,800,000

520 E Adams St Long Beach, CA 90805

DeForest Park Neighborhood

Estimated payment $31,616/month

Total Views 5,725
3 Beds
2 Baths
17,520 Sq Ft
$274 Price per Sq Ft

Highlights

  • In Ground Pool
  • 0.61 Acre Lot
  • Laundry Room

About This Home

**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 Listed By

Doug Rodermund

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

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 $9,299
  • Fuel Expense $9,299
  • Gardener Expense $1,940
  • Insurance Expense $6,724
  • Maintenance Expense $14,178
  • Other Expense $1,000
  • Pest Control $1,631
  • Pool Expense $3,420
  • Trash Expense $9,299
  • Water Sewer Expense $9,299
  • New Taxes Expense $64,903
  • Operating Expense $136,992
  • Gross Income $3,600
  • Net Operating Income $309,972

Additional Features

  • 26 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 6.50
  • Price Per Unit: 184615
  • Property Attached: Yes
  • Water Sewer Expenses: 9299.00
  • 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
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 273.97

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: 9299.00
  • 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: 9299.00
  • Fuel Expense: 9299.00
  • Gross Income: 3600.00
  • Gross Multiplier: 10.42
  • Gross Operating Income: 446946.00
  • Gross Scheduled Income: 460788.00
  • Insurance Expense: 6724.00
  • Laundry Income: 3600.00
  • Lot Size Area: 26464.0000 Square Feet
  • Maintenance Expense: 14178.00
  • Net Operating Income: 309972.00
  • 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: 136992.00
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 38099.00
  • Total Expenses: 136992.00
  • Vacancy Allowance: 13824

Tax Info

  • New Taxes Expense: 64903.00
  • Tax Census Tract: 5703.05
  • Tax Lot: 7
  • Tax Tract Number: 23289
  • TaxOtherAnnualAssessmentAmount: 5373.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 For Sale $4,800,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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

This home is located at 520 E Adams St, Long Beach, CA 90805 and is currently priced at $4,800,000, approximately $273 per square foot. This property was built in 1959. 520 E Adams St is a home located in Los Angeles County with nearby schools including Grant Elementary School, Hamilton Middle School, and Jordan High School.

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.

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

Nearby Homes
Doug Rodermund
Listing Agent
Doug Rodermund
Section Image
Morgan Skenderian
(562) 478-2236