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401 E 55th St
Long Beach, CA 90805 Bixby Knolls

$1,500,000 USD

Apartments For Sale  •  3,782 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,782 SF
  • Lot Size 0.1 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 7.88 %
48 Transit Score
83 Walk Score

Highlights

Renovated Property Near Bixby Knolls
Excellent Mix of Large 1 & 2-Bedroom Units
Corner Location
Professionally-Managed
Possible ADU Conversion of Garages
7.88% CAP on Current Rents

Financial Summary (Actual)

Net Operating Income: $118,169 USD (2024)
Cap Rate: 7.88 %
Total Expenses: $31,662 USD

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 4.3 mi
Los Angeles International 29 min - 18.0 mi
John Wayne/Orange County 35 min - 25.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: OneCarGarage
Included in Rent: Yes
Doug Rodermund 949-295-8560 Morgan-Skenderian Investment Real Estate Group
Doug Rodermund 949-295-8560 Morgan-Skenderian Investment Real Estate Group