#OC25128189, Andrea Munoz, Listing office: eXp Realty of California Inc

500 E 51st St Unit 15 Long Beach, CA 90805
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
(Active Under Contract)
Summary
- Garage Space: 11 spaces
- Private Pool: No
- Heating: Floor Furnace
- List Price: $3,589,500
- Directions: Off of Atlantic
- Year Built: 1963
- Stories: 2
- Lot Size: 0.1695 Acres
- MLS Number: PW25062894
- MLS Name: CRMLS
- Office Name: VPMI, INC.
- Office Phone: (562) 665-2066
- Listing Agent: Daniel Talamentes
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Last updated on: 7/19/2025, 1:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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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. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 500 E 51st St Unit 15
The listing price of 500 E 51st St Unit 15 property is $3,589,500.
The property 500 E 51st St Unit 15 is a condo located in Long Beach, California, 90805.
Accepting Backup Offers: 500 E 51st St Unit 15 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 500 E 51st St Unit 15 are: Addams Elementary School (GreatSchools Rating 5/10), Barton Elementary School (GreatSchools Rating 3/10), Dooley Elementary School (GreatSchools Rating 5/10), Lindbergh STEM Academy (GreatSchools Rating 5/10), Perry Lindsey Academy (GreatSchools Rating 3/10), Hughes Middle School (GreatSchools Rating 6/10), Jordan High School (GreatSchools Rating 3/10), The Education Corps (GreatSchools Rating 2/10), Rancho Dominguez Preparatory School (GreatSchools Rating 3/10).
The property at 500 E 51st St Unit 15 has 0 bathroom.
The year of construction for 500 E 51st St Unit 15 is 1963.
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 $3,589,500.
Over 73 listings were sold over their listed price in June 2025 in Long Beach, CA. In the same period over 90 listings were sold below the listed price and 33 listings were sold for the listed price. Between May and June 2025, Long Beach, CA real estate market has seen increase in the number of listings by 4.8%. The median list price of listings available in June 2025 was $836,224, while the average time on the real estate market was 34 days.