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473 E 55th Street
MixedUse
$1,800,000

Units

8

Building Size

6,391 sf

Lot Size

6,963 sf

Status

Sold

Listing Agent: Steven Bogoyevac, Steven M. Bogoyevac, Broker

Long Beach

473 E 55th Street

About This Property

This asset is offered at an excellent 6.29 percent cap rate on current rents with nine percent rental upside. Furthermore, a new investor may want to explore the potential of developing two ADU’s (buyer to verify). 473 East 55th Street is a 1962 construction with a desirable mix of seven two-bed/one-bath units and one one-bed/one-bath unit. The building also offers on-site laundry and garage parking. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.

Unit Mix

  • 1 unit · 2bd / 1ba
  • 1 unit · 1bd / 1ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

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Sold For

$1,800,000

Listing Agent

Steven Bogoyevac

Steven M. Bogoyevac, Broker