#PW25079277, Doug Rodermund, Listing office: Morgan Skenderian
$2,795,000 List price
540 E Adams St Long Beach, CA 90805
0.3 acres
Condo
Property details
About 540 E Adams St
**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
Highlights
Home typeCondominium
StatusActive
Lot size0.3217 Acres
Year built1958
MLS #PW25079195
Private poolYes
Summary
- Private Pool: Yes
- List Price: $2,795,000
- Directions: South of Artesia Blvd and West of Atlantic Ave
- Year Built: 1958
- Stories: 2
- Lot Size: 0.3217 Acres
- MLS Number: PW25079195
- 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: 7/25/2025, 7:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 08, 2017 | Home Sold | $2,500,000 |
| Jan 31, 2003 | Home Sold | $965,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
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. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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 540 E Adams St
The listing price of 540 E Adams St property is $2,795,000.
The property 540 E Adams St is a condo located in Long Beach, California, 90805.
Active Listing: 540 E Adams St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 540 E Adams St are: Grant Elementary School (GreatSchools Rating 5/10), Starr King Elementary School (GreatSchools Rating 6/10), Bret Harte Elementary School (GreatSchools Rating 4/10), Hamilton Middle School (GreatSchools Rating 2/10), Colin Powell Academy (GreatSchools Rating 4/10), Lindbergh STEM Academy (GreatSchools Rating 5/10), Jordan High School (GreatSchools Rating 3/10), Thurgood Marshall (GreatSchools Rating 3/10), Cesar Chavez Continuation High School (GreatSchools Rating 3/10).
The last sale was on December 8, 2017 for $2,500,000 (source: MLS/tax record).
The property at 540 E Adams St has 0 bathroom.
The year of construction for 540 E Adams St is 1958.
This home is located at 540 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 $2,795,000.
While more than 73 listings in Long Beach, CA in June 2025 were sold above asking price, there were more than 33 listings sold at asking price, and more than 90 were sold below. The number of homes for sale in Long Beach, CA increased by 4.8% between May and June 2025. 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.