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$ 2,699,000
Est. payment | /mo
6 Beds
4 Baths
$ 2,699,000
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Lakewood Village (Lkvl)
MLS Listing ID NP25113000
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
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 managementperfect for investors seeking reliable returns and long-term value growth. Property has professional management in place.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Traveling North on Lakewood Boulevard, the property will be on your RIGHT hand side.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7182001004
Listed by Joshua Coburn Chamberlain Real Estate
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”