555 E Adams Street, Long Beach, CA 90805
Property
Sold October 2025
Listing Agent: Doug Rodermund (DRE #01314304) · Listing Office: Morgan Skenderian · Contact: dsr@morganskenderian.com · Bought with: Bill Larson · First Team Real Estate · MLS #PW25079249 · Source: CRMLS
About this property
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $177,500/Unit & $275.46/SF** **9.55 GRM & 7.1% Cap Rate on Current Income** **7.74 GRM & 9.5% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----555 E. Adams Street offers an investor the opportunity to acquire 16 units in the strong rental market of North Long Beach. The property sits 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 520 Adams, 540 Adams, 560 Adams & 541 E. 64th Street
Listing description from the October 2025 sale, as reported to CRMLS.
Sale history