4 days on Rocket
#PW25079249, Doug Rodermund, Listing Office: Morgan Skenderian
$4,800,000 List price
520 E Adams St Long Beach, CA 90805
0.6 acres
Condo
Property details
About 520 E Adams St
**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
Highlights
Home typeCondominium
StatusActive
Lot size0.6075 Acres
Year built1959
MLS #PW25079143
Private poolYes
Summary
- MLS Number: PW25079143
- MLS Name: CRMLS
- Office Name: Morgan Skenderian
- Office Email: dsr@morganskenderian.com
- Listing Agent: Doug Rodermund
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: 4/15/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,800,000
520 E Adams St
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 15, 2000 | Home Sold | $2,260,000 |
| Feb 14, 1990 | Home Sold | $1,273,000 |
| Feb 14, 1990 | Home Sold | $1,273,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,652,081 | $38,262 |
| 2023 | $2,600,270 | $37,579 |
| 2022 | $2,549,476 | $35,357 |
| 2021 | $2,499,677 | $34,541 |
| 2020 | $2,464,446 | $34,048 |
| 2019 | $2,416,125 | $32,841 |
| 2018 | $2,368,751 | $32,360 |
| 2017 | $2,322,306 | $32,360 |
History based on county public records data.
Nearby schools
5
Grant Elementary School
Public District KG-5
0.6 mi
•1225 E 64th St
6
Starr King Elementary School
Public District KG-5
0.9 mi
•145 E Artesia Blvd
4
Bret Harte Elementary School
Public District KG-5
1.1 mi
•1671 E Phillips St
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 $46,390. Typical income of Long Beach, CA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
33%
<35k
60%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
21%
Single, with Kids
11%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
10%
12-17 yrs old
34%
18-34 yrs old
32%
35-64 yrs old
4%
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
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Boston Market
Jack In The Box
What do the neighbors drive?
Dodge
Honda
Nissan
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 520 E Adams St
This home is located at 520 E Adams St in Long Beach, CA and zip code 90805 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 11, 2025 and is currently priced at $4,800,000.
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. In March 2025 median list price was $830,250 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.