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Four-Unit Property with Garages
For Sale
$1,499,000

489 E 55th St E, Long Beach, CA 90805

Quadplex with varied unit layouts, detached garages, and shared coin-operated laundry.

Property SizeContact for details
Days on Market160

Property Features for 489 E 55th St E

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Investment

Units

Unit Mix 1 x 3BR/2BA, 3 x 2BR/1BA
Multifamily Units 4

Additional Details

Public Transit Yes

Amenities

on site coin operated laundry

Building Details

Year Built 1965
Stories 2
Units 4
Listed By: Mark Schwartz
Source: Elliman
Added: Mar 31 Changed: Aug 31 Last Checked: Sep 6 at 6:25AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mark Schwartz

Investment Insights

Based on property information with market context.

Located at 489 E 55th St E in North Long Beach, this quadplex was built in 1965 and contains four residential units. The unit mix includes one three-bedroom, two-bath residence and three two-bedroom, one-bath residences, providing varied layouts within the property.

Each residence is assigned a detached garage. The three-bedroom unit has a two-car garage, while each two-bedroom unit has a single-car garage. On-site coin-operated laundry is also included. The property has a Walk Score of 75, a BikeScore of 55, and a Transit Score of 50.

Key Highlights

  • Four‑unit configuration with one 3‑bedroom, 2‑bath unit and three 2‑bedroom, 1‑bath units
  • Built in 1965
  • Detached garage for each unit; 3‑bedroom unit has a 2‑car garage

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,171
Businesses Nearby

Demographics for 90805, CA

95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Quadplex with varied unit layouts, detached garages, and shared coin-operated laundry.
Where is this quadplex located?
The property is located at 489 E 55th St E Long Beach, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four‑unit configuration with one 3‑bedroom, 2‑bath unit and three 2‑bedroom, 1‑bath units; Built in 1965; Detached garage for each unit; 3‑bedroom unit has a 2‑car garage
More about this property
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