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Listed by Joshua Coburn • Chamberlain Real Estate
$ 2,699,000
Est. payment /mo
Active Under Contract
4426 North Lakewood Boulevard Long Beach, CA 90808
7,682 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,682 sqft
Price per Sqft $351
Subdivision Lakewood Village
MLS Listing ID NP-25113000
Year Built 1958
Lot Size 7,506 Sqft
Property Sub-Type Apartment
Property Description
4426 N. Lakewood Blvd is a pride-of-ownership 10-unit apartment building in the heart of East Long Beach, just blocks from the fast-growing development near Long Beach Airport. The unit mix includes (4) 2BD/1BA and (6) 1BD/1BA units on a 7,506 SF lot. Four units have been fully remodeled, and the building has been diligently maintained with rent increases implemented annually. Projected gross monthly rent as of June 1, 2025 is $17,400 ($208,800 annualized), offering strong in-place cash flow and additional upside. The property includes 7 garages, on-site laundry, and tenant-paid gas and electricity (owner covers water). Excellent location less than a mile from new restaurants, infrastructure, and employment hubs near the airport corridor. This is a stabilized, well-performing asset with professional management--perfect for investors seeking reliable returns and long-term value growth. Property has professional management in place.
Location
State CA
County Los Angeles
Area 29 - Lakewood Village
Zoning LBR34
Interior
Flooring Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Garage, Garage - Single Door, Garage Faces Front, Garage Faces Rear
Garage Spaces 7.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
Utilities Available Water Connected
Building
Lot Description Landscaped, Paved
Sewer Public Sewer