Long Beach, CA 90808 4426 N Lakewood Boulevard
$2,799,000
11 more
Presented By: Joshua Coburn with Chamberlain Real Estate; 562-552-1127
Beds • 14
Baths • 10
SQFT • 7,682
Garage • 7
Year Built • 1958
Home 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.
Presented By: Joshua Coburn with Chamberlain Real Estate; 562-552-1127
Interior Features for 4426 N Lakewood Boulevard
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 4426 N Lakewood Boulevard
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.7
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, StreetLights, Sidewalks
ContingencyNone
CoolingWallWindowUnits
CountyLos Angeles
DirectionsTraveling North on Lakewood Boulevard, the property will be on your RIGHT hand side.
Electric Expense1300.0
Electric On Property Y/NNo
Entry Location1
Garage Spaces7.0
Garage Y/NYes
Gross Income1000.0
HOANo
Home Warranty Y/NNo
Insurance Expense5500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet7506.0
Lot Size UnitsSquareFeet
MLS Area29 - Lakewood Village
MaintenanceExpense9259.0
MobileHomeRemainsYNNo
Net Operating Income168040.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Operating Expense69121.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Subdivision NameLakewood Village (LKVL)
Tax Lot6
Taxes$36,713
Tenant PaysElectricity, Gas
Total Actual Rent208800.0
Trash Expense360.0
UtilitiesWaterConnected
Water Sewer Expense5700.0
Year Built1958
Year Built SourcePublicRecords
ZoningLBR34
Exterior for 4426 N Lakewood Boulevard
Building Area Total7682.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped, Paved
Lot Size Acres0.1723
Lot Size Area7506.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDoorSingle, GarageFacesFront, Garage, GarageFacesRear
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$2,799,000
MLS#NP25113000
List Date
05/20/2025
Property Type
Multi-Family
Phone
(949) 290-7647
