15
See all 15 photos
$4,850,000
Est. payment /mo
1 Bed
3 Baths
0.47 Acres Lot
New
4420-4408 E Greenmeadow Long Beach, CA 90808
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood Village (Lkvl)
MLS Listing ID PW26203183
Bedrooms 1
Lot Size 0.469 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
The Lakewood Village Portfolio offers investors the rare opportunity to acquire three well-maintained mixed-use and SRO assets totaling 42 SRO units and 3 retail storefronts in one of Long Beachs most desirable and supply-constrained neighborhoods. Located in Lakewood Village, an established infill community known for exceptional demographics, pride-of-ownership housing, and extremely low turnover, the portfolio provides strong in-place income and operational stability. Current income supports an attractive 7.2% cap rate and 7.83 GRM, positioning the offering as a compelling yield opportunity in a high-barrier submarket. Across the portfolio, all buildings are well maintained and exhibit true pride of ownership, with numerous physical, cosmetic, and system upgrades completed by ownership. The SRO units range between 100 and 200 square feet, with a mix of private layouts and others utilizing shared community bathrooms and showers, aligning well with the 30-day minimum stay model and helping maintain consistently strong occupancy. The three retail storefronts are individually metered for gas and electricity. Significant system improvements further enhance the portfolios long-term durability. All buildings have updated main electrical panels and subpanels. 4430 Village also offers dedicated 20-amp circuits in SRO rooms. The 4430 Village building includes 2 shared showers and 3 toilets and has a newer roof. All buildings are secured with security cameras and has an onsite laundry facility. The location offers exceptional convenience and connectivity. The properties are walking
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Driving North on N. Lakewood Blvd, Turn Right Onto E. Carson St., Turn Right Onto Norse Way, Turn Right Onto East Village Rd., P
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7182024017
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Christopher Walker, DRE#01905338 Triqor Group
NEARBY SCHOOL & BUSINESS
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