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Sold on 01/26/2026
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401 E 55th, Long Beach, CA 90805

  • $1,475,000

    Last sold 01/26/2026 after 68 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 401 E 55th

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 4,371 Sqft
Parking 2 garage spaces
Rental estimate
Property description
The Corner @ 55th offers an investor the opportunity to acquire a pride of ownership, professionally-managed property in an excellent rental market. The property has undergone numerous renovations, and contains an excellent unit mix of large 1 & 2-bedroom units. || Renovated Property Near Bixby Knolls || Excellent Mix of Large 1 & 2-Bedroom Units || Corner Location || Professionally-Managed || Possible ADU Conversion of Garages || 7.9% CAP on Current Rents
Listed by
Listing Agent - Doug Rodermund
Listing Agent Contact: Dsr@morganskenderian.com
Listing Office - Morgan Skenderian
Source: CRMLS mls logo
MLS#PW25263083 • last updated 4 months ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1003
Lot Size (SqFt) 4371
Property Tax 20260
Year Built 1963
Interior
Laundry Community
Exterior
Building Area Square Feet, 3782
# Uncovered Spaces 6
# Parking Spaces 8
# Garage Spaces 2
Lot Description Corner Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks
Directions West Of Atlantic Ave And North Of Market Street
APN 7127024019
Multifamily Details
Vacancy Allowance 4633
Expense: Trash 540
Laundry Income 300
Operating Expense 31662
Cap Rate 7.9
Expense: Insurance 2677
Total Expenses 31662
Expense: Maintenance 3000
Expense: Water/ Sewer 540
Gross Income 300
Gross Operating Income 149830
Expense: Electric 540
Gross Multiplier 9.71
Gross Scheduled Income 154464
Expense: Fuel 540
Expense: Gardener 1200
Rental est.: $1,528/month
Gross rent multiplier: 81.8
  • Jan 2026
    mls logo MLS # PW25263083
  • Jan 26, 2026 Sold
    $1,475,000 (-1.7%)
  • Jan 21, 2026 Pending
    —
  • Nov 19, 2025 Listed
    $1,500,000 (+158.6%)
  • Nov 2016
    mls logo MLS # SB16713778
  • Nov 20, 2016 Sold
    $580,000
  • Nov 18, 2016 Sold
    $580,000 (+1.8%)
  • Oct 6, 2016 Pending
    —
  • Oct 6, 2016 Active
    —
  • Oct 3, 2016 Listed
    $570,000
  • Oct 3, 2016 Listed
    $570,000
  • 401 E 55th
    $1.47M
  • Dairy
    $732K -2% y/y
  • 90805
    $689K -4% y/y
  • Long Beach
    $700K -2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Addams Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Lindsey Academy
public Grades 6-8
Long Beach Unified School District
3/10
Jordan High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/16/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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