Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90808 4411 E Village Road

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Presented By: Julio Bonilla with Keller Williams Pacific Estate; 562-355-8060
  • MLS# DW25013299
  • 01/18/2025
  • Request Tour
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  • SQFT • 6,421
  • Year Built • 1938

Home Details

This exceptional investment opportunity presents two well-maintained retail buildings strategically positioned in the Lakewood Village neighborhood off of the bustling Lakewood Boulevard in Long Beach, California. Offered at $2.22 million, these properties generate a combined Net Operating Income (NOI) of $128,745.98, demonstrating a strong and reliable income stream. The first property, situated at 4148 Norse Way, encompasses 4,841 square feet of leasable space on a 5,856 square foot lot. The second property, located at 4411 E Village Road, provides 1,380 square feet of retail space on a 5,860 square foot lot. Both buildings are currently 100% occupied by established tenants with proven track records, ensuring immediate and consistent cash flow for the new owner. Beyond the immediate returns, this offering boasts significant potential for future growth. The combined 11,716 square feet of land presents an enticing opportunity for future development or expansion, allowing investors to capitalize on the prime location and increasing property values in the Lakewood Village area. Situated in a high-traffic corridor with excellent visibility and accessibility, these properties attract a steady flow of customers and offer convenient access to major thoroughfares. This offering represents a compelling investment opportunity with strong cash flow, long-term stability, and the potential to significantly enhance value over time. Both buildings are being offered as one sale and must transfer together.
Presented By: Julio Bonilla with Keller Williams Pacific Estate; 562-355-8060

Interior Features for 4411 E Village Road

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
LivingAreaSourceAssessor
Total Stories1

Other Rooms

Entry Level1

General for 4411 E Village Road

Additional Parcels Description7182-021-001
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.85
Carport Y/NNo
CityLong Beach
CountyLos Angeles
DirectionsHead South on Lakewood Blcd towards Artesia Blvd. Turn Left on Norse Way right before reaching E. Carson St
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet11546.0
Lot Size UnitsSquareFeet
MLS Area29 - Lakewood Village
MobileHomeRemainsYNNo
Net Operating Income128745.98
New ConstructionNo
Number of Units Leased8
Occupancy TypeOwner
Operating Expense35474.02
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built1938
ZoningLBCC

Exterior for 4411 E Village Road

Building Area Total6421.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2651
Lot Size Area11546.0
Lot Size SourceAssessor
LotDimensionsSourcePublicRecords
Number of Buildings2
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $2,220,000
MLS#DW25013299
List Date 01/18/2025
Property Type Commercial
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