4420 4408 E Greenmeadow,Long Beach, CA 90808
Long Beach, CA 90808
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.
Details
| MLS # | PW26203183 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 42 |
| Listing Provided By | Triqor Group | Christopher Walker |
Features
| SQ Feet | 14,941 |
|---|---|
| Story(s) | 2 |
| Units | 45 |
| Building(s) | 3 |
| Acreage | 0.47 |
Exterior
| Lot Features | Irregular Lot |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90808 |
| Area | 29 Lakewood Village |
| Community Name | Lakewood Village (LKVL) |
| Listing VS Median (in Lakewood Village (LKVL)) | |
Price: $4,850,000 low | high Med: $1,375,000 sqft: 14,941 low | high Med: 2,100 $ / sqft: $325 low | high Med: $655 On site: 42 low | high Med: 24 | |
Market Activity 90808
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90808 |
| Area | 29 Lakewood Village |
| Community Name | Lakewood Village (LKVL) |
| Listing VS Median (in Lakewood Village (LKVL)) | |
Price: $4,850,000 low | high Med: $1,375,000 sqft: 14,941 low | high Med: 2,100 $ / sqft: $325 low | high Med: $655 On site: 42 low | high Med: 24 | |
