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Listed by Christopher Walker, DRE #01905338 • Triqor Group
$ 4,850,000
Est. payment /mo
Active
4420 4408 E Greenmeadow Long Beach, CA 90808
0.47 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26203183
Year Built 1941
Lot Size 0.469 Acres
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 29 - Lakewood Village
Interior
Laundry Laundry Area
Exterior
Garage Spaces 14.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 7182024017
Special Listing Condition Not Applicable
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