520 E Adams Street, Long Beach, CA 90805

About this property

**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

Listing description from the October 2025 sale, as reported to CRMLS.

Sale history

$4,596,812

Sold October 2025 · listed $4,695,000, orig. $4,800,000, on market April 2025 · MLS #PW25079143 · Source: CRMLS

Listing Agent: Doug Rodermund · Listing Office: Morgan Skenderian · Contact: dsr@morganskenderian.com · Bought with: Bill Larson · First Team Real Estate

Explore Long Beach