UPDATED:
Key Details
Sold Price $2,450,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Lakewood Village (Lkvl)
MLS Listing ID PW25028496
Sold Date 11/04/25
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
Financing Cash to Loan
Special Listing Condition Standard

Bought with Steve Nader Beach Team

REALTOR® Chris Sloan works all areas of San Diego real estate and adjacent areas in Southern California-from single family homes to multi-unit residential, investment properties, land, and commercial buildings.
He’s adept at helping buyers and sellers with traditional equity transactions, short sales, probate, trust sales, foreclosures, corporate transactions, and exchanges
Let's talk about this property
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