180 E 55th, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This triplex presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned above the $709,314 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 5, the Individual Garages and Corner Lot provide significant competitive advantages in the Long Beach rental market. This asset is well-suited for Buy-and-Hold Investors and Value-Add Developers focused on interior and exterior repositioning to capture rental upside in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 180 E 55th Subject | $750,000* List Price | 0 | 0 | 1,947 | $364 | - |
A 5630 Myrtle Sold | $730,000 | 4 | 3 | 1,800 | $406 | 0.6 mi |
B 309 E Louise Sold | $826,500 | 0 | 0 | 2,562 | $323 | 0.1 mi |
C 350 E South Active | $599,000 List Price | 0 | 0 | 1,318 | $454 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 and marketed as a 'value-add' repositioning opportunity, the property requires significant interior and exterior improvements. The presence of window AC units indicates a lack of modern HVAC, and the 75-year age combined with the 'rental upside' description suggests kitchens and baths are likely original or severely outdated and in need of rehab.
Each of the three units includes its own private garage, providing a significant competitive advantage in the high-density Long Beach rental market where off-street parking is at a premium.
The property is positioned as a prime repositioning opportunity, offering substantial rental upside for investors willing to invest in interior and exterior improvements to meet market demand.
Situated on a prominent corner lot, the property provides dedicated outdoor spaces for all tenants, including one unit with an oversized wraparound yard that commands a potential rental premium.
The property consists entirely of 1-bedroom, 1-bathroom units, which restricts the tenant demographic to individuals or couples and may result in higher turnover compared to family-sized units.
Built in 1949 and marketed for its 'value-add' potential, the asset likely requires significant capital expenditure to modernize aging systems and cosmetic finishes.
Exceptional value-add triplex opportunity in North Long Beach. Situated on a prominent corner lot, this income-producing property consists of three 1-bedroom, 1-bathroom units, each featuring a private garage and dedicated outdoor space. One unit benefits from an oversized wraparound yard, providing enhanced tenant appeal and potential rental premium. The property presents a compelling opportunity for investors seeking rental upside through interior and exterior improvements. The asset is well suited for investors looking to add value and capitalize on Long Beach's strong rental demand. Conveniently located near major transportation corridors, retail amenities, employment centers, and neighborhood attractions, the property offers both accessibility and long-term growth potential. Whether you're a first-time multifamily investor or an experienced buyer seeking a repositioning opportunity, 180 E. 55th Street represents an attractive entry point into the Long Beach multifamily market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,947 | 2,100 |
| Lot Size | 6,321 | 5,077.5 |
| Price | $750.0K | $1.14M |
| Price per sq ft | $385 | $519 |
| Built year | 1949 | 1950 |
| HOA | $0 | $0 |
| Days on market | 28 | 68 |
Jun 24, 2026
$750,000
Initial Listing