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Long Beach, CA

$1,499,000

489 E 55th St E, Long Beach, CA

Baths

1965

Built

Days listed

About this home

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.

Facts & features

Interior

Bathrooms: 0
Heating: Forced Air
Cooling: Wall Window Units
Levels: Two

Exterior & lot

Lot size: 0.17 acres (7,405 sq ft)
Year built: 1965

Community

County: Los Angeles

Listing details

Status: Active
Property type: Residential Income
Days on market: 0
Listed: 2026-03-30
Terms: Cash, Conventional, Cal Vet Loan, Va Loan
Parcel #: 7127024037
MLS #: 260007402SD

Listed by

Lucca Grassi · Compass

619-301-3416 luccagrassirealty@gmail.comDRE #02148104

Location

Price history

Listed: $1,499,000 · 2026-03-30
Days on market: 0
Current price: $1,499,000

Financing

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Estimated monthly payment

$9,404

$7,580 principal & interest · $1,824 taxes & insurance

Down payment (20%)

$299,800

Est. rate (%)

Estimate only

Term (years)

Loan $1,199,200

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Listing data provided by CRMLS

Listing courtesy of Compass. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.