4635 N Bellflower Blvd - Apartments FOR SALE


Long Beach, CA 90808- Lakewood Village
$2,625,000 USD
714-856-7017
4635 N Bellflower Blvd, Long Beach, CA for Sale
$2,625,000 USD
Apartments - FOR SALE
1/15
null | 5.11% Cap Rate

4635 N Bellflower Blvd
Long Beach, CA 90808
Lakewood Village


OVERVIEW

We are pleased to present an 8-unit apartment building in Long Beach, California. Built in 1961, this property offers 6,300 rentable square feet on a 7,210-square-foot lot. The unit mix includes four 1-bedroom/1-bathroom units and four 2-bedroom/1-bathroom units. All eight units have been upgraded, and the entire building features copper plumbing. Additional improvements include a new roof installed 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.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

8

PRICE/UNIT

$328,125

CAP RATE

5.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,309 SF

ZONING

R4, Long Beach

APN/PARCEL ID

7180-017-025

ASK ABOUT THIS PROPERTY

George BustamanteColdwell Banker Commercial BLAIRMore Info
714-856-7017

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George BustamanteColdwell Banker Commercial BLAIRMore Info
714-856-7017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.