4500 N Lakewood Boulevard, Long Beach, CA 90808

$3,995,000
7,742
SqFt
List Price
$3,995,000
Status
ACTIVE
MLS#
PW20191534
Year Built
1962
Living Sq. Ft
7,742
Lot Size
7,314
Acres
0.1679
Lot Location
11-15 Units/Acre
Days on Market
8
Property Type
Multifamily
Stories
Two Level
Builders Tract Code
Lakewood City/Long Beach (LCB)
Neighborhood
Lakewood City/Long Beach (Lcb)

Property Description

We are pleased to present a 13-unit apartment building located in Long Beach, California. Built in 1962, the subject property consists of 7,742 rentable square feet spread throughout a 7,313 square foot lot. The unit mix consists ten 1-bedroom / 1-bathroom units and three 2- bedroom / 1-bathroom units. It has a pitched roof and contains nine garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living between Bixby Knolls and Lakewood where there are many shops, restaurants, cafes, entertainment venues and grocery stores.

Additional Information

Tract Number
111
Lot Description
Curbs, Sidewalks
Pool Description
None
Garage Spaces Total
9
Sewer
Public Sewer, Septic Type Unknown, Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
13
Gross Scheduled Income
$259,788
Operating Expense
90366
Unit One Total Units
10
Unit One Beds
1
Unit One Baths
1
Unit One Garage Spaces
9.00
Unit One Actual Rent
16420.00
Unit One Total Rent
16420.00
Unit One Pro Forma
17650
Unit One Furnished
Unfurnished
Unit Two Total Units
3
Unit Two Beds
2
Unit Two Baths
1
Unit Two Actual Rent
5229.00
Unit Two Total Rent
5229.00
Unit Two Pro Forma
6585
Unit Two Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kevin King from Marcus & Millichap

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.