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$ 1,812,000
Est. payment | /mo
3 Beds
2 Baths
7,921 Sqft Lot
$ 1,812,000
Est. payment | /mo
3 Beds
2 Baths
7,921 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25046653
Bedrooms 3
HOA Y/N No
Lot Size 7,921 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Charming 4-Unit Investment Opportunity in Desirable Lakewood Village Located in one of Long Beachs most sought-after neighborhoods, this rare 4-unit property presents a fantastic opportunity for both investors and owner-occupants. The building features three spacious 2-bedroom units and one 1-bedroom unit, each offering private front and rear entrances and a comfortable, functional layout. Three of the units were remodeled approximately 3 years ago with upgraded tile flooring, PEX plumbing, modern kitchen cabinetry, and fixtures. Property Highlights: Strong Existing Cash Flow: The property currently generates over $10,100 per month in rental incomenot including potential income from the five unrented garages. Updated Interiors & Private Access: Well-maintained units with classic hardwood floors (in several), upgraded finishes in remodeled units, and excellent natural light throughout. In-Unit Laundry Hookups + Central Facility: All three remodeled units include their own laundry hookups, in addition to a shared on-site laundry area for tenant convenience. Unrented Garages Additional Income Potential: With market rents in the area averaging ~$249/month per garage, the five garages could add nearly $15,000/year in additional revenue. Low-Maintenance Operations: Each unit is separately metered for gas and electricity, with tenants covering their own utility costs. Landscaped grounds are maintained by an automatic sprinkler system. Prime Location Across from Heartwell Park: Tenants enjoy direct access to walking and biking trails, a duck pond, outdoor fitness course, and
Charming 4-Unit Investment Opportunity in Desirable Lakewood Village Located in one of Long Beachs most sought-after neighborhoods, this rare 4-unit property presents a fantastic opportunity for both investors and owner-occupants. The building features three spacious 2-bedroom units and one 1-bedroom unit, each offering private front and rear entrances and a comfortable, functional layout. Three of the units were remodeled approximately 3 years ago with upgraded tile flooring, PEX plumbing, modern kitchen cabinetry, and fixtures. Property Highlights: Strong Existing Cash Flow: The property currently generates over $10,100 per month in rental incomenot including potential income from the five unrented garages. Updated Interiors & Private Access: Well-maintained units with classic hardwood floors (in several), upgraded finishes in remodeled units, and excellent natural light throughout. In-Unit Laundry Hookups + Central Facility: All three remodeled units include their own laundry hookups, in addition to a shared on-site laundry area for tenant convenience. Unrented Garages Additional Income Potential: With market rents in the area averaging ~$249/month per garage, the five garages could add nearly $15,000/year in additional revenue. Low-Maintenance Operations: Each unit is separately metered for gas and electricity, with tenants covering their own utility costs. Landscaped grounds are maintained by an automatic sprinkler system. Prime Location Across from Heartwell Park: Tenants enjoy direct access to walking and biking trails, a duck pond, outdoor fitness course, and community library. Close to Cal State Long Beach, Long Beach City College, and an abundance of nearby shopping, dining, and entertainment options. A Smart, Versatile Investment Ideal for buyers seeking a stable, income-generating asset with long-term upside, or for owner-occupants looking to live in one unit while offsetting expenses with rental income. Creative financing options may be availablecontact listing broker for details. Showing Remarks: Fully occupied. No showings at this time.
Charming 4-Unit Investment Opportunity in Desirable Lakewood Village Located in one of Long Beachs most sought-after neighborhoods, this rare 4-unit property presents a fantastic opportunity for both investors and owner-occupants. The building features three spacious 2-bedroom units and one 1-bedroom unit, each offering private front and rear entrances and a comfortable, functional layout. Three of the units were remodeled approximately 3 years ago with upgraded tile flooring, PEX plumbing, modern kitchen cabinetry, and fixtures. Property Highlights: Strong Existing Cash Flow: The property currently generates over $10,100 per month in rental incomenot including potential income from the five unrented garages. Updated Interiors & Private Access: Well-maintained units with classic hardwood floors (in several), upgraded finishes in remodeled units, and excellent natural light throughout. In-Unit Laundry Hookups + Central Facility: All three remodeled units include their own laundry hookups, in addition to a shared on-site laundry area for tenant convenience. Unrented Garages Additional Income Potential: With market rents in the area averaging ~$249/month per garage, the five garages could add nearly $15,000/year in additional revenue. Low-Maintenance Operations: Each unit is separately metered for gas and electricity, with tenants covering their own utility costs. Landscaped grounds are maintained by an automatic sprinkler system. Prime Location Across from Heartwell Park: Tenants enjoy direct access to walking and biking trails, a duck pond, outdoor fitness course, and community library. Close to Cal State Long Beach, Long Beach City College, and an abundance of nearby shopping, dining, and entertainment options. A Smart, Versatile Investment Ideal for buyers seeking a stable, income-generating asset with long-term upside, or for owner-occupants looking to live in one unit while offsetting expenses with rental income. Creative financing options may be availablecontact listing broker for details. Showing Remarks: Fully occupied. No showings at this time.
Location
State CA
County Los Angeles
Area Long Beach (90808)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Space Rent $1,770
Listed by George Bustamante • Coldwell Banker Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
10550 Craftsman Way #184, San Diego, California, 92127, USA