About 520 Adams Street
**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
Features of 520 Adams Street
| MLS® # | PW25079143 |
|---|---|
| Price | $4,695,000 |
| Sold Price | $4,596,812 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Lot Sqft | 26,464 |
| Acres | 0.61 |
| Year Built | 1959 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 26 |
Community Information
| Address | 520 Adams Street |
|---|---|
| Area | 699 - Not Defined |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90805 |
Amenities
| Parking Spaces | 26 |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | In Ground, Private, Fenced |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | April 10th, 2025 |
|---|---|
| Date Sold | October 20th, 2025 |
| Days on Market | 113 |
| Zoning | LBR4R |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Doug Rodermund |
|---|---|
| Office | Morgan Skenderian |