Rare Investment Opportunity in Highly Desirable Lakewood Village
Discover this well-maintained 4-plex (quadruplex) situated in the highly sought-after Lakewood Village neighborhood of Long Beach – an area known for its strong rental demand, family-friendly vibe, excellent schools, proximity to parks, shopping, and easy access to major freeways and the beach. Built in 1943, this classic multi-family property spans approximately 2,320 square feet on a generous 6,945 sq ft lot, featuring 4 units each one bedroom one bathroom. 4 bedrooms.
- Current monthly rental revenue: $8,140 (strong gross income providing solid cash flow potential for investors).
- Proven track record as an income-producing asset in a stable, appreciating market.
- Opportunity to add value: The property could accommodate an ADU (Accessory Dwelling Unit) – a significant upside in California's ADU-friendly environment, potentially boosting rental income further through additional units.
Lakewood Village remains a top choice for real estate investors due to its low vacancy rates, consistent appreciation, and desirable location near retail, dining, and recreational amenities. This 4-plex offers immediate income with room for optimization, making it an attractive addition to any portfolio focused on Long Beach multifamily properties.