4500 North Lakewood Boulevard

Long Beach, CA 90808

$3,600,000
Last Sold Price
3
Beds
13
Baths
7,742 Sq. Ft.
$465 / Sq. Ft.
7,742
Sq. Ft.
$465
per Sq. Ft.

Description

We are pleased to present a 13-unit apartment building located in Long Beach, California. Built in 1962, the subject property consists of 7,742 rentable square feet spread throughout a 7,313 square foot lot. The unit mix consists ten 1-bedroom / 1-bathroom units and three 2- bedroom / 1-bathroom units. It has a pitched roof and contains nine garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living between Bixby Knolls and Lakewood where there...We are pleased to present a 13-unit apartment building located in Long Beach, California. Built in 1962, the subject property consists of 7,742 rentable square feet spread throughout a 7,313 square foot lot. The unit mix consists ten 1-bedroom / 1-bathroom units and three 2- bedroom / 1-bathroom units. It has a pitched roof and contains nine garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living between Bixby Knolls and Lakewood where there are many shops, restaurants, cafes, entertainment venues and grocery stores.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 4500 North Lakewood Boulevard

Parking Spaces Total
9
Private Pool
No
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7742
Assessor Parcel Number
7181-031-010
Property Attached YN
true

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Sold By NONMEMBER MRML, General NONMEMBER, DRE #00000001

Add your commute
LISTING UPDATED: 01/01/2021 04:52 AM

Property Details for 4500 North Lakewood Boulevard

StatusClosed
MLS #PW20191534
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,314 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Sold By NONMEMBER MRML, General NONMEMBER, DRE #00000001

Add your commute

Building Information for 4500 North Lakewood Boulevard

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,314 SF

Payment Calculator

$23,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$4,079

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4500 North Lakewood Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $261,319
  • Gross Scheduled Income: $259,776
  • Net Operating Income: $172,203
  • Garage Income: $9,336
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $89,116
  • New Taxes Expense: $48,688
  • Gardener Expense: $1,250
  • Fuel Expense: $169
  • Pest Control Expense: $475
  • Electric Expense: $169
  • Insurance Expense: $3,975
  • Maintenance Expense: $11,675
  • Professional Management Expense: $13,053
  • Other Expense: $3,250
  • Other Expense Description: Misc.
  • Trash Expense: $169
  • Water Sewer Expense: $169
  • Total Expenses: $90,895
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 111
  • Tax Census Tract: 5712.00
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer, Septic Type Unknown, Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Lakewood City/Long Beach
  • Builders Tract Code: Lakewood City/Long Beach (LCB)
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 9
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $16,420
  • Unit Type Total Rent: $16,420
  • Unit Type Pro Forma: 17650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,229
  • Unit Type Total Rent: $5,229
  • Unit Type Pro Forma: 6585
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 13

Property History for 4500 North Lakewood Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4500 North Lakewood Boulevard

Taxable ValueLand$2,496,960Additions$1,252,370Total$3,749,330
Tax Record2023$48,950 ($4,079 / month)
Home Facts
Total Finished SqFt7,742 SqFtAbove Grade Finished SqFt7,742 SqFtLot Size7,314 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLBR34CountyLOS ANGELESAPN7181-031-010

Schools near 4500 North Lakewood Boulevard

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Twain Elementary School
PublicK to 5

Bancroft Middle School
Public6 to 8

Lakewood High School
Public9 to 12

Reid High School
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Kevin King, DRE #01158184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.