$2,315,000
$2,699,000
14.2%For more information regarding the value of a property, please contact us for a free consultation.
4426 N Lakewood BLVD Long Beach, CA 90808
7,505 Sqft Lot
Key Details
Sold Price $2,315,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Lakewood Village (Lkvl)
MLS Listing ID NP25113000
Sold Date 09/16/25
Construction Status Turnkey
HOA Y/N No
Year Built 1958
Lot Size 7,505 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
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Door-Single, Garage Faces Front, Garage, Garage Faces Rear
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Water Connected
Total Parking Spaces 7
Private Pool No
Building
Lot Description Landscaped, Paved
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7182001004
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional,Private
Special Listing Condition Standard, Trust
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Bought with Joshua Coburn Chamberlain Real Estate
