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4500 N Lakewood Blvd, Long Beach, CA 90808
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4500 N Lakewood Blvd Long Beach, CA 90808

$3,600,000 Sold Price as of 12/31/2020
  • 16 Beds
  • 13 Baths
  • 7,742 Sq.Ft.
Sold
$3,600,000 Sold Price as of 12/31/2020 Refinance Your Mortgage
Map preview of 4500 N Lakewood Blvd, Long Beach, CA 90808

Property Overview: 4500 N Lakewood Blvd Long Beach, CA has 16 bedrooms, 13 bathrooms, 7,742 living square feet and 7,314 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a 13-unit apartment building located in Long Beach, California. Built in 1962, the subject property consists of 7,742 rentable square feet spread throughout a 7,313 square foot lot. The unit mix consists ten 1-bedroom / 1-bathroom units and three 2- bedroom / 1-bathroom units. It has a pitched roof and contains nine garages. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living between Bixby Knolls and Lakewood where there are many shops, restaurants, cafes, entertainment venues and grocery stores.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 86

Home details

Lot Sq. Ft
7,314
HOA Dues
$0/mo
Year built
1962
Garage
9 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20191534
City
Long Beach
County
Los Angeles
Time on Site
1331 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 1
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 13
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 9
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $16,420
  • Total Rent: $16,420
  • Pro Forma/Market Rent: $17,650
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,229
  • Total Rent: $5,229
  • Pro Forma/Market Rent: $6,585
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $259,776
  • Net Operating Income: $172,203
  • Gross Operating Income: --
  • Garage Rental Income: $9,336
Annual Expense Breakdown
  • Total Operating Expense: $89,116
  • Electric: $169
  • Gas/Fuel: $169
  • New Taxes: $48,688
  • Trash: $169
  • Gardener: $1,250
  • Insurance: $3,975
  • Maintenance: $11,675
  • Professional Management: $13,053
  • Water/Sewer: $169
  • Other Expenses: $3,250
  • Other Expense Description: Misc.

Property Details for 4500 N Lakewood Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 13
  • Parcel Number: 7181031010
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Septic Type Unknown, Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Lakewood City/Long Beach (LCB)
  • Directions: Lakewood blvd. and Centralia St.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 4500 N Lakewood Blvd

Last sold for $3,600,000 on December 31st, 2020

  • January, 2021

  • Jan 1, 2021

    Date

    Sold

    CRMLS: PW20191534

    $3,600,000

    Price

  • Dec 9, 2020

    Date

    Pending

    CRMLS: PW20191534

    $3,895,000

    Price

  • Oct 7, 2020

    Date

    Price Change

    CRMLS: PW20191534

    $3,895,000

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: PW20191534

    $3,995,000

    Price

  • December, 2020

  • Dec 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,600,000

    Price

Show More

Tax History for 4500 N Lakewood Blvd

Assessed Value (2020): $719,904
Year Land Value Improved Value Assessed Value
2020 $298,922 $420,982 $719,904

Home Value Compared to the Market

This property vs the competition

4500 N Lakewood Blvd sold on December 31, 2020 for 386.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $503.1 per/sqft which puts the price per square foot 20.4% lower than the current median sale per square foot for the city of Long Beach.

About 4500 N Lakewood Blvd

Detailed summary of property

4500 N Lakewood Blvd is a multi family that recently sold in Long Beach, CA 90808. This multi family property offered 16 bedrooms, 13 bathrooms, roughly 7,742 living square feet, and sits on an approximately 7,314 square foot lot. 4500 N Lakewood Blvd was first listed on ArdentRealEstateGroup.com on September 14, 2020. The homeowner sold the property for $3,600,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 386.88% higher than the current median priced home. Local homes that are currently for sale include 5 Loma Ave, 1236 E 1st St and 5121 E Ocean Blvd. While the average home in Long Beach, CA is selling in 53 days, 4500 N Lakewood Blvd has a days on market of 86 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 4500 N Lakewood Blvd Long Beach, CA 90808 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 4500 N Lakewood Blvd

Public county record property details
Beds
16
Baths
13
Year built
1962
Sq. Ft.
7,742
Lot Size
7,313
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
7181-031-010

The source for these homes facts are from public records.

90808 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,099,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$673
Total Inventory
62
Median Sale to List Price %
97.44%
Avg Days on Market
17
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (25%), Other (18.75%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 4500 N Lakewood Blvd

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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