Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
1 in DeForest Park
$650,000 Price
520 E Adams St Long Beach, CA 90805
DeForest Park Neighborhood
3
Beds
2
Baths
17,520
Sq Ft
0.61
Acre Lot
Highlights
- In Ground Pool
- 0.61 Acre Lot
- Laundry Facilities
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
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 26,464 Sq Ft Lot
- Two or More Common Walls
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 17,520 Sq Ft Home
- 2-Story Property
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
Sep 15, 2025
Sold by
Menara Properties Llc and Dawn Patrol Llc
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
William Larson
First Team Real Estate
List Price
$4,800,000
Sold Price
$4,596,812
Premium/Discount to List
-$203,188
-4.23%
Views
11
Purchase Details
Closed on
May 15, 2022
Sold by
Mendez Family Limited Partnership
Bought by
Menara Properties Llc
Purchase Details
Closed on
Dec 22, 2021
Sold by
Menara Properties Llc
Bought by
Mendez Family Limited Partnership A Californi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 28, 2019
Sold by
Melcar Investments Lp
Bought by
Menara Properties Llc and Dawn Patrol Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,000
Interest Rate
3.8%
Purchase Details
Closed on
Nov 17, 2009
Sold by
Rodermund Audrey Ann
Bought by
Rodermund Douglas S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,461,600
Interest Rate
4.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 27, 2009
Sold by
Abbasi Robert A
Bought by
Melcar Investments Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,461,600
Interest Rate
4.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 12, 2000
Sold by
Hebb Richard D
Bought by
Abbasi Robert A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,075
Interest Rate
8.27%
Mortgage Type
Commercial
Purchase Details
Closed on
May 24, 2000
Sold by
Abbasi Cathy Nuszer
Bought by
Abbasi Robert A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,075
Interest Rate
8.27%
Mortgage Type
Commercial
Purchase Details
Closed on
May 16, 1996
Sold by
Marine Midland Bank Na
Bought by
Hebb Richard D
Purchase Details
Closed on
Jul 31, 1995
Sold by
Long Beach Adams Properties Lp
Bought by
Marine Midland Bank Na and Lehman Pass Through Securities Lb Multif
Home Values in the Area
Average Home Value in this Area
Agents Specializing in DeForest Park, CA
-
Ramon Sanchez
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
123 Total Sales
1 in DeForest Park
$805,000 Price
-
Robert Vanbeveran
Robert Vanbeveran
Elite Homes Realty
(657) 256-5962
7 Total Sales
2 in DeForest Park
$749,990 Price Range
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
164 Total Sales
5 in DeForest Park
$160K - $750K Price Range
-
Marivel Kuenstler
Marivel Kuenstler
Compass
(562) 246-9516
87 Total Sales
1 in DeForest Park
$697,500 Price
-
Michelle Shimohara
Michelle Shimohara
Responds QuicklyReal Brokerage Technologies
(323) 870-9613
60 Total Sales
2 in DeForest Park
$760,000 Price Range
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,597,000 | Fidelity National Title | ||
| Menara Properties Llc | -- | None Listed On Document | |
| Mendez Family Limited Partnership A Californi | -- | Chicago Title | |
| Menara Properties Llc | -- | Chicago Title Company | |
| Rodermund Douglas S | -- | None Available | |
| Melcar Investments Lp | -- | Chicago Title Company | |
| Abbasi Robert A | $2,260,000 | Fidelity National Title Co | |
| Abbasi Robert A | -- | Fidelity National Title Co | |
| Hebb Richard D | -- | -- | |
| Marine Midland Bank Na | $505,000 | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,500,000 | ||
| Previous Owner | Menara Properties Llc | $1,545,000 | |
| Previous Owner | Melcar Investments Lp | $1,732,000 | |
| Previous Owner | Melcar Investments Lp | $1,461,600 | |
| Previous Owner | Abbasi Robert A | $1,473,000 | |
| Previous Owner | Abbasi Robert A | $765,075 | |
| Previous Owner | Abbasi Robert A | $765,075 |
Source: Public Records
Property 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 | 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $40,096 | $4,596,800 | $1,596,800 | $3,000,000 |
| 2025 | $40,096 | $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
Seller's Agent in 2025
Doug Rodermund
Morgan Skenderian
(949) 295-8560
6 in this area
36 Total Sales
-
William Larson
Buyer's Agent in 2025
William Larson
First Team Real Estate
(866) 525-3656
5 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25079143
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.
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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