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500 E 51st Street

Long Beach, CA 90805

– beds
– baths
– sqft
7,384 sqft lot
1963 build
– on site

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.

Listed By CRMLS_CA / Daniel Talamentes / VPMI, INC. / 562-665-2066

Last checked: Checking… • Last updated Mar 22, 2025 •

MLS# PW25062894 —

The Building

Year Built:

1963
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

11322.00
Building Area Units:

Square Feet
Total Number Of Units:

15
# of Buildings:

5
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

2
# of Separate Water Meters:

2
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

1
Laundry:

Community
Laundry:

1

Location

Directions:

Off of Atlantic
Latitude:

33.84836600
Longitude:

-118.18599200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR4R
Lot Features:

0-1 Unit/Acre
Lot Size Area:

7384.0000
Lot Size Acres:

0.1695
Lot Size SqFt:

7384.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5717.04
Tax Tract:

19618
Tax Lot:

21

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7130016031

Heating & Cooling

Heating:

1
Heating:

Floor Furnace

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

N Long Beach
Features:

Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

11.00
Garage Spaces:

11.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/21/25 Mar 21, 2025	Listed / Active	CRMLS_CA	$3,885,000

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This multifamily located in North Long Beach, Long Beach, CA 90805 is currently for sale for $3,885,000. 500 E 51st Street is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 500 E 51st Street is in the North Long Beach neighborhood of Long Beach and has a WalkScore® of 73, making it very walkable. This multifamily is in the attendance area of Dooley Elementary School, Jordan High School, and Lindsey Academy.

Listing Courtesy of: CRMLS_CA and VPMI, INC.. Based on information from California Regional Multiple Listing Service, Inc. as of 14:13 on Mar 25.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.