
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Lakewood Village (Lkvl)
MLS Listing ID PW25028496
HOA Y/N No
Year Built 1961
Lot Size 7,209 Sqft
Property Sub-Type Apartment
Property Description
All eight units have been upgraded, and the entire building features copper plumbing. Additional improvements include a roof repair completed in 2022 and updated electrical panels replaced in 2023. The property is separately metered for electricity and gas, with additional income generated from an onsite laundry facility. Residents also benefit from eight dedicated parking spaces.
Situated in the desirable Lakewood Village neighborhood, the property is conveniently located near shopping, dining, Long Beach City College, California State University Long Beach, and Long Beach Airport.
Long Beach is undergoing significant redevelopment, with the $4.4 billion expansion of the Long Beach Port expected to create 14,000 new permanent jobs in Southern California. Additionally, the city is experiencing a construction boom, with over $5 billion in private and public investments currently in progress. The new $520 million Long Beach Civic Center now houses City Hall, the Port of Long Beach headquarters, and the Main Library.
With its strong economy, high quality of life, and ongoing revitalization, Long Beach remains an attractive rental market. This property boasts a history of high occupancy and offers significant upside potential for rental income.
Location
State CA
County Los Angeles
Area 29 - Lakewood Village
Zoning LBR4R
Interior
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached Carport
Carport Spaces 4
Pool None
Community Features Curbs, Storm Drain(s), Sidewalks, Urban
Total Parking Spaces 8
Private Pool No
Building
Lot Description Near Public Transit, Street Level, Walkstreet
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7180017025
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard


"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."
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