4426 Lakewood blvd, Long Beach, CA 90808
Active
$2,799,000
10 Units
14 Beds
10 Baths
7,682 Area(sq.ft.)
Lot: 7,506 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 1,555 | $ 7,830 | $ 2,175 |
| Unit 10 | 1 | 2 | 1 | No | $ 2,175 | $ 7,830 | $ 2,175 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,050 | $ 7,830 | $ 2,175 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,260 | $ 9,570 | $ 1,815 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,875 | $ 9,570 | $ 1,815 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,645 | $ 9,570 | $ 1,815 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,815 | $ 9,570 | $ 1,815 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,815 | $ 9,570 | $ 1,815 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,160 | $ 9,570 | $ 1,815 |
| Unit 9 | 1 | 2 | 1 | No | $ 2,050 | $ 7,830 | $ 2,175 |
| 10 | 14 | 10 | $ 17,400 | $ 88,740 | $ 19,590 |
| MLS #: | NP25113000MR |
| Days On Market: | 260 |
| Listing Date: | May 19, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 364 |
| Price per unit: | $ 279,900 |
| Year Built: | 1958 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 200,448 |
| Total Annual Expense: | $ 32,408 |
| Net Operating Income: | $ 168,040 |
| Cap Rate: | 6% |
| Gross Rent Multiplier: | 13.40 |
| Actual Gross Rent: | $ 208,800 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR34 |
| Land Lease Type: | Fee |
| Parking Garage: | Garage, Garage - 1 Car |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
| Laundry Equipment: | Own |
| Laundry Income: | 800.00 |
Exterior
| Pool: | No |
| Spa: | No |
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