Active Under Contract

445 E 55th St

445 East 55th Street, Long Beach, CA 90805

$1,725,000

Excellent remodeled 6-unit building with great rents, ample parking, and more upside in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value with additional income upside and easy access to freeways, the beach, parks, and restaurants. Offers due 4pm on Wednesday, April 14th.

11
beds

10
baths

5170 Sq.Ft. LIVING AREA

0.16 Acres lot

Derek Lester

Derek Lester

TITLE

Consulting

Joe Reichling

Joe Reichling

Features & Amenities

Interior

  • bedrooms11
  • total baths10
  • full baths10
  • other interior FeaturesCooktop - Gas, Microwave, Washer, Dryer, Dishwasher, Refrigerator, Garbage Disposal

Area & Lot

  • Living Area5170 Sq.Ft.
  • Status Active Under Contract
  • MLS ID21-709562
  • YEAR BUILT1968

Financial

  • PRICE$1,725,000

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