4426 N Lakewood Blvd - Apartments FOR SALE


Long Beach, CA 90808- Lakewood Village
$2,799,000 USD
424-312-9552
4426 N Lakewood Blvd, Long Beach, CA for Sale
$2,799,000 USD
Apartments - FOR SALE
1/24
null | 4.7% Cap Rate

4426 N Lakewood Blvd
Long Beach, CA 90808
Lakewood Village


HIGHLIGHTS

  • Prime Long Beach Location
  • Strong In-Place Cash Flow
  • Rental Upside & ADU Potential
  • 4 Remodeled Units
  • Well Maintained Building

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

10

PRICE/UNIT

$279,900

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,091 SF

ZONING

LBR34

APN/PARCEL ID

7182-001-004

ASK ABOUT THIS PROPERTY

Andrew MalekieLink BrokeragesMore Info
424-312-9552

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Andrew MalekieLink BrokeragesMore Info
424-312-9552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.