$10,000 Closing Credit¹
#OC25009533, Nicole Mascola, Listing Office: KB Home Sales So. CA Inc.
#PW25062894·
Listing office: VPMI, INC.·
Listing agent: Daniel Talamentes·
Listing office phone: 562-665-2066
$3,885,000 List price
500 E 51st St Unit 15 Long Beach, CA 90805
0.2 acres
Condo
Property details
About 500 E 51st St Unit 15
Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.
Highlights
Home typeCondominium
HeatingFloor Furnace
StatusActive
Lot size0.1695 Acres
Year built1963
MLS #PW25062894
Garage11 spaces
Summary
- MLS Number: PW25062894
- MLS Name: CRMLS
- Office Name: VPMI, INC.
- Office Phone: (562) 665-2066
- Listing Agent: Daniel Talamentes
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/17/2025, 8:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,885,000
500 E 51st St Unit 15
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
5
Addams Elementary School
Public District KG-5
0.4 mi
•5320 Pine Ave
3
Barton Elementary School
Public District KG-5
0.5 mi
•1100 E Del Amo Blvd
5
Dooley Elementary School
Public District KG-5
0.5 mi
•5075 Long Beach Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,958. The most common annual income of people living in Long Beach, CA is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
42%
<35k
44%
35k-100k
13%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
35%
Single, No Kids
24%
Single, with Kids
15%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
35%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
H&M
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 500 E 51st St Unit 15
This home is located at 500 E 51st St Unit 15 in Long Beach, CA and zip code 90805 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 22, 2025 and is currently priced at $3,885,000.
In March 2025, from all listings sold in Long Beach, CA there were more than 58 sold above asking price, over 59 sold below and more than 28 were sold right at the asked price. The number of homes for sale in Long Beach, CA increased by 5% between February and March 2025. While the average time on the market in March 2025 was 32 days, the median list price was $830,250.
From Rocket Homes Real Estate and based on county public records data.