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4860 N Lakewood Blvd, Long Beach, CA 90808
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4860 N Lakewood Blvd Long Beach, CA 90808

$1,350,000 Sold Price as of 09/29/2023
  • 6 Beds
  • 5 Baths
  • 3,312 Sq.Ft.
Sold
$1,350,000 Sold Price as of 09/29/2023 Refinance Your Mortgage
Map preview of 4860 N Lakewood Blvd, Long Beach, CA 90808

Property Overview: 4860 N Lakewood Blvd Long Beach, CA has 6 bedrooms, 5 bathrooms, 3,312 living square feet and 6,916 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present 4860 N. Lakewood Boulevard, a 5 Unit apartment property in the Lakewood Village neighborhood of Long Beach, CA. Comprised of (1) 2-Bedroom/1-Bathroom and (4) 1-Bedroom/1-Bedroom Units, residents enjoy garage parking and a semi-private front yard. The property is directly across the street from Lakewood Center, a large outdoor shopping mall that is home to Target, Costco, Albertsons, Home Depot, Best Buy, and countless other retail, dining, and employment options. Lakewood Village boasts two California Distinguished Elementary Schools, and is within close proximity of both Long Beach City College and California State University Long Beach. The apartments have a mix of hardwood and tile flooring, individual water heaters, and offer the next owner obtainable upside in rents.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Co-listed by Jay Skenderian | BRE #01220368 | Morgan Skenderian
Last checked: 11 seconds ago | Last updated: October 2nd, 2023 | Source CRMLS | DOM: 108

Home details

Lot Sq. Ft
6,916
HOA Dues
$0/mo
Year built
1943
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23061501
City
Long Beach
County
Los Angeles
Time on Site
402 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,423
  • Total Rent: $4,269
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 15.36
  • Gross Scheduled Income: $97,327
  • Net Operating Income: $62,748
  • Gross Operating Income: $94,407
  • Vacancy Allowance: $2,919
  • Laundry Income: $600
Annual Expense Breakdown
  • Total Operating Expense: $31,659
  • Electric: $816
  • Gas/Fuel: $816
  • New Taxes: $17,777
  • Trash: $816
  • Gardener: $1,800
  • Insurance: $1,656
  • Maintenance: $5,664
  • Professional Management: $0
  • Water/Sewer: $816

Property Details for 4860 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: 5
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 7181001001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Lakewood Village (LKVL)
  • Directions: Major cross streets are Lakewood Blvd and Del Amo Blvd.
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 4860 N Lakewood Blvd

Last sold for $1,350,000 on September 29th, 2023

  • September, 2023

  • Sep 29, 2023

    Date

    Sold

    CRMLS: PW23061501

    $1,350,000

    Price

  • Apr 13, 2023

    Date

    Active

    CRMLS: PW23061501

    $1,495,000

    Price

  • August, 2019

  • Aug 23, 2019

    Date

    Sold

    CRMLS: 19483074

    $1,150,000

    Price

  • Aug 22, 2019

    Date

    Pending

    CRMLS: 19483074

    $1,178,000

    Price

  • Aug 10, 2019

    Date

    Active Under Contract

    CRMLS: 19483074

    $1,178,000

    Price

  • Jun 28, 2019

    Date

    Active

    CRMLS: 19483074

    $1,178,000

    Price

  • Listing provided courtesy of CRMLS

    Five unit investment property. Property consists of four 1 bedroom/1 bath units and one 2 bedroom/1bath unit. There are three 1-car garages and one 2-car garage. Tenants are paying for use of the garages which is not included in the rent. Separately metered for gas and electric. Property is minutes to the Lakewood Center Mall, restaurants and shops.

  • August, 2019

  • Aug 22, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • January, 2015

  • Jan 29, 2015

    Date

    Sold (Public Records)

    Public Records

    $901,000

    Price

Show More

Tax History for 4860 N Lakewood Blvd

Assessed Value (2020): $1,150,660
Year Land Value Improved Value Assessed Value
2020 $700,000 $450,660 $1,150,660

Home Value Compared to the Market

This property vs the competition

4860 N Lakewood Blvd sold on September 29, 2023 for 86.88% 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 $451.39 per/sqft which puts the price per square foot 28.58% lower than the current median sale per square foot for the city of Long Beach.

About 4860 N Lakewood Blvd

Detailed summary of property

4860 N Lakewood Blvd is a apartment that recently sold in Long Beach, CA 90808. This apartment offered 6 bedrooms, 5 bathrooms, roughly 3,312 living square feet, and sits on an approximately 6,916 square foot lot. 4860 N Lakewood Blvd was first listed on ArdentRealEstateGroup.com on April 13, 2023. The homeowner sold the property for $1,350,000. 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 86.88% higher than the current median priced home. Local homes that are currently for sale include 1033 Prospect Ave, 1967 Atlantic Ave and 2490 Chestnut Ave. While the average home in Long Beach, CA is selling in 51 days, 4860 N Lakewood Blvd has a days on market of 108 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 4860 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 4860 N Lakewood Blvd

Public county record property details
Beds
5
Baths
5
Year built
1943
Sq. Ft.
3,312
Lot Size
6,916
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7181-001-001

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
$1,100,000
Median List Price/Sq.Ft.
$692
Median Sold Price
$950,000
Median Sold Price/Sq.Ft.
$673
Total Inventory
64
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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Recently Sold Homes Near 4860 N Lakewood Blvd

4818 N Lakewood Blvd, Long Beach, CA 90808
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4818 N Lakewood Blvd
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4812 N Lakewood Blvd, Long Beach, CA 90808
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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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