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.
AGENT: Lucca Grassi LISTING BROKERAGE: Compass
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 489 E 55th St E
Long Beach, CA
Property Details
Price:
$1,499,000
MLS #:
260007402SD
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Listed Date:
Mar 30, 2026
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1965
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Schools
Interior
Cooling
WW
Heating
FA
Levels
U
Exterior
Fencing
PTL
Financial
Net Operating Income
$95,347
Map
Community
- Address489 E 55th St E Long Beach CA
- CityLong Beach
- CountyLos Angeles
- Zip Code90805
