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Listed by George Bustamante • Coldwell Banker Commercial
$ 2,550,000
Est. payment /mo
Active
4635 North Bellflower Boulevard Long Beach, CA 90808
6,300 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $404
Subdivision Lakewood Village
MLS Listing ID PW-25028496
Year Built 1961
Lot Size 7,210 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present an 8-unit apartment building in Long Beach, California. Built in 1961, this property offers 6,300 rentable square feet on a 7,210-square-foot lot. The unit mix includes four 1-bedroom/1-bathroom units and four 2-bedroom/1-bathroom units. All eight units have been upgraded, and the entire building features copper plumbing. Additional improvements include a new roof installed 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
Zoning LBR4R
Interior
Fireplaces Type None
Laundry Community
Exterior
Parking Features Detached Carport
Pool None
Community Features Curbs, Sidewalks, Storm Drains, Urban
Building
Lot Description Level with Street, Near Public Transit, Walkstreet
Sewer Public Sewer