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  • 500 E 51St Street

500 E 51st Street, Long Beach, CA 90805

$3,885,000 Approx. USD 3 beds, 0 baths
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Newport Beach 23 Corporate Plaza, Suite 100
Newport Beach, CA 92660 949-644-6200
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Listing Agent


Daniel Talamentes
Lic#: 02021732
Broker: Courtesy of VPMI, INC.
Phone: 562-665-2066

Agent Remarks

Located in the heart of Long Beach, 15 unit apartment building majority 2 bedrooms (10) and five 1 bedrooms. This building offers a prime investment opportunity with upside in rents. With a diverse pool of tenant base looking for affordable housing there's sure to be a stream of renters. There is also opportunity for additional income with garage spaces as well as potential RUBS income, one side of the building is master metered. Recent cap ex includes a new roof over the 500 side of the property and roof update to the 520 side. All new paint over the entire building. Hand Railings were reinforced on the second floor, walkways were also updated and re done. New flooring in the laundry rooms, a new 100 gallon water heater on the 500 side. And 90% of the units have vinyl plank, all recently installed. With all the work being done recently there is still opportunity for an investor to increase rent and add additional income.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# PW25062894
Price: $3,885,000
Beds: 3
Baths: 0
2 stories
0.17 acres
County: Los Angeles
Zoning: Public Rec
Heating description: Floor Furnace

Last Updated: 7/10/2025

 Days On Market (DOM): 461

 Find more Long Beach homes and real estate

 Find more homes in 90805 zip code

Lat/Long: 33.848376, -118.186016.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Newport Beach 23 Corporate Plaza, Suite 100
Newport Beach, CA 92660 949-644-6200
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