500 E 51st Street
Long Beach, CA, 90805
$3,589,500
Beds
0 Baths
SqFt
0.17 Acres
Add
MLS #PW25062894 image #0MLS #PW25062894 image #1MLS #PW25062894 image #2MLS #PW25062894 image #3MLS #PW25062894 image #4MLS #PW25062894 image #5MLS #PW25062894 image #6MLS #PW25062894 image #7MLS #PW25062894 image #8MLS #PW25062894 image #9MLS #PW25062894 image #10MLS #PW25062894 image #11MLS #PW25062894 image #12MLS #PW25062894 image #13MLS #PW25062894 image #14MLS #PW25062894 image #15MLS #PW25062894 image #16MLS #PW25062894 image #17MLS #PW25062894 image #18MLS #PW25062894 image #19MLS #PW25062894 image #20MLS #PW25062894 image #21MLS #PW25062894 image #22MLS #PW25062894 image #23MLS #PW25062894 image #24MLS #PW25062894 image #25MLS #PW25062894 image #26MLS #PW25062894 image #27
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.

Property Details

Price:
$3,589,500
MLS #:
PW25062894
Status:
Active Under Contract
Baths:
0
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
6bixbybixbyknollsloscerritos
Listed Date:
Mar 21, 2025
Lot Size:
7,384 sqft / 0.17 acres (approx)
Year Built:
1963
6bixbybixbyknollsloscerritos

Ask a Question

See this Listing

Send
  

Schools

Interior

Heating
Floor Furnace
Laundry Features
Community

Exterior

Community Features
Suburban
Parking Spots
11.00

Financial

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Residential Income in Long Beach as of Oct 21, 2025
208
Residential Income Listed
172
Avg DOM
$1,846,461
Avg List Price

Property Summary

    500 E 51st Street Long Beach CA is a Residential Income for sale in Long Beach, CA, 90805. It is listed for $3,589,500

Similar Listings Nearby

broker reciprocity
MLS# PW23229203broker reciprocity
2652 E 15th Street
Long Beach, CA

$4,600,000

4.6 miles away

broker reciprocity
MLS# OC25117518broker reciprocity
1334 Walnut Avenue
Long Beach, CA

$4,500,000

4.6 miles away

broker reciprocity
MLS# PTP2407021broker reciprocity
477 E South Street
Long Beach, CA

$3,990,000

0.8 miles away

broker reciprocity
MLS# PTP2407022broker reciprocity
927 Daisy Avenue
Long Beach, CA

$3,900,000

4.9 miles away

broker reciprocity
MLS# 25572705broker reciprocity
6064 Atlantic Avenue
Long Beach, CA

$3,900,000

1.1 miles away

broker reciprocity
MLS# PW25184626broker reciprocity
30 W 49th Street
Long Beach, CA

$3,450,000

0.5 miles away

broker reciprocity
MLS# PW25098948broker reciprocity
539 E 223rd Street
Carson, CA

$3,295,000

4.9 miles away

broker reciprocity
MLS# RS25135898broker reciprocity
1106 Pacific Avenue
Long Beach, CA

$3,150,000

4.7 miles away

broker reciprocity
MLS# PW25007491broker reciprocity
1101 Cherry Avenue
Long Beach, CA

$3,145,000

4.8 miles away

500 E 51st Street
Long Beach, CA