15
See all 15 photos
$4,850,000
Est. payment /mo
0.47 Acres Lot
New
4420 4408 E Greenmeadow Long Beach, CA 90808
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood Village (Lkvl)
MLS Listing ID PW26203183
HOA Y/N No
Year Built 1941
Lot Size 0.469 Acres
Property Sub-Type Apartment
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 Beach's 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 portfolio's 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 distance to Long Beach City College and minutes from Lakewood Golf Course, Heartwell Park, Parkview Village retail, and the region's premier lifestyle destination, LBX (Long Beach Exchange)—a major draw for dining, retail, entertainment, and fitness concepts. This amenity-rich environment supports sustained demand for both residential and retail space.
Location
State CA
County Los Angeles
Area 29 - Lakewood Village
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Total Parking Spaces 14
Private Pool No
Building
Lot Description Irregular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7182024017
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Christopher Walker Triqor Group chris.walker@triqorgroup.com, DRE #01905338
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