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$3,589,500

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
StatusAccepting Backup Offers
(Active Under Contract)
Lot size0.1695 Acres
Year built1963
MLS #PW25062894
Garage11 spaces

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

IDX 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: 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

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.

All data from GreatSchools

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.

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 SoccerMexican League Soccer
  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Foot LockerFoot Locker
  • Ross Dress For LessRoss Dress For Less
  • H&MH&M

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Jack In The BoxJack In The Box
  • Boston MarketBoston Market

What do the neighbors drive?

  • DodgeDodge
  • NissanNissan
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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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.

From Rocket Homes Real Estate and based on county public records data.

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