About 540 Adams Street
**Pride of Ownership Community Across From Jordan High School & Houghton Park** **Priced at $174,688/Unit & $271.10/SF** **9.32 GRM & 7.3% Cap Rate on Current Income** **7.61 GRM & 9.7% Cap Rate on Market Rents** **Easy Upside in Rental Income for a New Owner** ----540 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, 555 Adams, 560 Adams & 541 E. 64th Street
Features of 540 Adams Street
| MLS® # | PW25079195 |
|---|---|
| Price | $2,795,000 |
| Sold Price | $2,735,375 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Lot Sqft | 14,014 |
| Acres | 0.32 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 16 |
Community Information
| Address | 540 Adams Street |
|---|---|
| Area | 699 - Not Defined |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90805 |
Amenities
| Parking Spaces | 16 |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Fenced, In Ground, Private |
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 |