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Buy a multi-family propertyat 4860 N Lakewood Boulevard, Long Beach, CA 90808

$1,495,000

$0/mo

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Multifamily

6,916 Sq. Ft. lot

0 Bathrooms

372 Days on market

PW23061501 MLS ID

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About 4860 N Lakewood Boulevard multi-family property

Pleased to present 4860 N. Lakewood Boulevard, a 5 Unit apartment property in the Lakewood Village neighborhood of Long Beach, CA. Comprised of (1) 2-Bedroom/1-Bathroom and (4) 1-Bedroom/1-Bedroom Units, residents enjoy garage parking and a semi-private front yard. The property is directly across the street from Lakewood Center, a large outdoor shopping mall that is home to Target, Costco, Albertsons, Home Depot, Best Buy, and countless other retail, dining, and employment options. Lakewood Village boasts two California Distinguished Elementary Schools, and is within close proximity of both Long Beach City College and California State University Long Beach. The apartments have a mix of hardwood and tile flooring, individual water heaters, and offer the next owner obtainable upside in rents.
Pleased to present 4860 N. Lakewood Boulevard, a 5 Unit apartment property in the Lakewood Village neighborhood of Long Beach, CA. Comprised of (1) 2-Bedroom/1-Bathroom and (4) 1-Bedroom/1-Bedroom Units, residents enjoy garage parking and a semi-private front yard. The property is directly across the street from Lakewood Center, a large outdoor shopping mall that is home to Target, Costco, Albertsons, Home Depot, Best Buy, and countless other retail, dining, and employment options. Lakewood Village boasts two California Distinguished Elementary Schools, and is within close proximity of both Long Beach City College and California State University Long Beach. The apartments have a mix of hardwood and tile flooring, individual water heaters, and offer the next owner obtainable upside in rents.

Property details

House

2 total stories

Built in 1943

Stories: 2

3312 total building sqft

1 Common Wall

Two

Community

Curbs

Expenses

Electric Expense: $816

Fuel Expense: $816

Insurance Expense: $1,656

Maintenance Expense: $5,664

Operating Expense: $31,659

Water Sewer Expense: $816

Garage

5 garage spaces

Income

Gross Income: 97327

Gross Scheduled Income: 97327

Net Operating Income: 62748

Laundry

Common Area

Listing

Listing ID: PW23061501

Property Subtype: Apartment

40 days on market

Listed on 2023-04-13

Location

County: Los Angeles

Subdivision: Lakewood Village (LKVL)

Lot

6916 sqft

0.1588 acres

Area: 6916

Corner Lot

Parking

3 open parking spaces

8 total parking spaces

Property

Single building

5 units

Property attached

Sewer

Public Sewer

Taxes

New Taxes: $17,777

Annual Amount: $17,777

Utilities

6 separate electric meters

6 separate gas meters

Monthly cost

Estimated monthly cost

$9,527/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,405,300

+$44,850

$1,450,150

Seller agent commission$44,850 (3%)*

$0 (0%)

Buyer agent commission$44,850 (3%)*

$44,850 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: Apr 29, 2024 at 11:05 p.m.

Data updated: Jun 1, 2023 at 8:13 p.m.

Property listed by Morgan Skenderian, Damien Breaux
Based on information from California Regional Multiple Listing Service, Inc. as of 06/01/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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