$1,650,000

Estimated payment $10,417/month

Total Views 367
4 Beds
4 Baths
2,575 Sq Ft
$641 Price per Sq Ft

Highlights

  • Property is near park and public transit
  • Traditional Architecture
  • Quartz Countertops
  • Mark Twain Elementary School Rated A-
  • Park or Greenbelt View
  • Lawn

About This Home

Excellent investment opportunity in the heart of Long Beach, Lakewood Village! This well-maintained fourplex sits on a very generous 9,954 sq.ft. lot. Featuring three fully renovated units thoughtfully updated with modern finishes designed to attract quality tenants. Interiors showcase newer vinyl laminate flooring, contemporary fixtures, and stylish living spaces that blend comfort with functionality. Each renovated unit includes convenient inside stackable laundry, energy-efficient mini-split heating and cooling systems, and a complete appliance package featuring a gas range, microwave, and refrigerator. The established landscaping provides curb appeal and is supported with an automatic irrigation system that keeps the professionally maintained landscaping in prime condition. The property offers assigned parking for tenants. Separate meters for gas and electric. This is an ideal location with panoramic views. Ideally situated near shopping, dining, entertainment, public transportation, and educational opportunities, residents will appreciate the close proximity to Long Beach City College, Heartwell Park and Golf Course, Long Beach Airport, and more.With significant updates already completed and a desirable location in one of Long Beach's established neighborhoods, this income-producing property presents an exceptional opportunity for investors seeking strong rental appeal and long-term value.

Listing Agent

Dave Pedneault

First Team Real Estate Brokerage Phone: 714-220-0200 License #01031974 Listed on: 06/16/2026

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944 | Remodeled

Lot Details

  • 9,956 Sq Ft Lot
  • Two or More Common Walls
  • Southeast Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped
  • Sprinklers Throughout Yard
  • Lawn
  • Density is 2-5 Units/Acre

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,575 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Quartz Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Paved Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park and public transit
  • Suburban Location

Utilities

  • Ductless Heating Or Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 1
  • Assessor Parcel Number 7183004009
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Lakewood Village Subdivision

Recreation

  • Park

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Professional Management Expense $5,240
  • Gross Income $55,443
  • Net Operating Income $55,443

Property Details

Home Type

Multi-Family

Year Built

Built in 1944 | Remodeled

Lot Details

9,956 Sq Ft Lot

Listing Details

  • CapRate: 3.36
  • Professional Management Expense: 5240.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Lakewood Village (LKVL)
  • View: Yes
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7183004009
  • Year Built: 1944
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Quartz Counters, Recessed Lighting, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 640.78
  • Room Type: Walk-In Closet, All Bedrooms Down, Kitchen, Living Room
  • Window Features: Double Pane Windows, Blinds, Screens

Exterior Features

  • Direction Faces: Southeast
  • View: Park/Greenbelt, Neighborhood
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Stucco, Glass, Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Assigned, Off Street, On Site
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Appliances: Disposal, Microwave, Refrigerator, Gas Water Heater, Free-Standing Range, Gas Range
  • Electric: Standard
  • Heating Type: Ductless, Wall Furnace
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks, Suburban, Park

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers In Front, Sprinklers On Side, Landscaped, Near Public Transit, Park Nearby, 2-5 Units/Acre, Sprinkler System, Lawn, Sprinklers In Rear
  • Lot Size Sq Ft: 9956.00
  • Lot Size Acres: 0.2286

Rental Info

  • Tenant Pays: Gas, Trash Collection, Telephone, Electricity

Multi Family

  • Average1 Bed Area: 645 Square Feet
  • Average2 Bed Area: 645 Square Feet
  • Average3 Bed Area: 645 Square Feet
  • Average Studio Area: 645 Square Feet
  • Gross Income: 55443.00
  • Gross Multiplier: 18.45
  • Gross Operating Income: 86741.00
  • Gross Scheduled Income: 89424.00
  • Lot Size Area: 9956.0000 Square Feet
  • Net Operating Income: 55443.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 26827.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 7452.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Area: 5531
  • Tax Lot: 12
  • Tax Tract: 1
  • Tax Tract Number: 1

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,670 $1,397,400 $1,020,000 $377,400
2024 $5,475 $370,916 $148,361 $222,555
2023 $5,378 $363,644 $145,452 $218,192
2022 $5,064 $356,514 $142,600 $213,914
2021 $4,946 $349,524 $139,804 $209,720
2019 $4,875 $339,158 $135,658 $203,500
2018 $4,699 $332,509 $132,999 $199,510
2016 $4,323 $319,600 $127,836 $191,764
2015 $4,162 $314,800 $125,916 $188,884
2014 $4,155 $308,635 $123,450 $185,185
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2026 06/16/26 For Sale $1,650,000 0.0% $641 / Sq Ft
04/01/2026 04/01/26 Rented $2,095 0.0% --
03/27/2026 03/27/26 Under Contract -- -- --
03/19/2026 03/19/26 For Rent $2,095 0.0% --
06/18/2024 06/18/24 Sold $1,370,000 +1.6% $532 / Sq Ft View Prior Sale
05/04/2024 05/04/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $1,349,000 -- $524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed -- Lawyers Title
Grant Deed -- --
Grant Deed -- None Listed On Document
Grant Deed -- --
Grant Deed $1,370,000 Western Resources Title Compan
Grant Deed -- Western Resources Title
Grant Deed -- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,115,812 New Conventional
Previous Owner $1,091,250 New Conventional
Previous Owner $1,096,000 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26131199

California Regional Multiple Listing Service (CRMLS)

APN: 7183-004-009

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