Property Details
About this Property
Charming 4-Unit Investment Opportunity in Desirable Lakewood Village Located in one of Long Beach’s most sought-after neighborhoods, this rare 4-unit property presents a fantastic opportunity for both investors and owner-occupants. The building features three spacious 2-bedroom units and one 1-bedroom unit, each offering private front and rear entrances and a comfortable, functional layout. Three of the units were remodeled approximately 3 years ago with upgraded tile flooring, PEX plumbing, modern kitchen cabinetry, and fixtures. Property Highlights: • Strong Existing Cash Flow: The property currently generates over $10,100 per month in rental income—not including potential income from the five unrented garages. • Updated Interiors & Private Access: Well-maintained units with classic hardwood floors (in several), upgraded finishes in remodeled units, and excellent natural light throughout. • In-Unit Laundry Hookups + Central Facility: All three remodeled units include their own laundry hookups, in addition to a shared on-site laundry area for tenant convenience. • Unrented Garages – Additional Income Potential: With market rents in the area averaging ~$249/month per garage, the five garages could add nearly $15,000/year in additional revenue. • Low-Maintenance Operations:
MLS Listing Information
MLS #
CRPW25046653
MLS Source
California Regional MLS
Days on Site
40
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 5 Car(s)
Contact Information
Listing Agent
George Bustamante
Coldwell Banker Commercial
License #: 01484265
Phone: –
Co-Listing Agent
J Steven Warshauer
Coldwell Banker Commercial
License #: 00499477
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Bancroft Middle School | public | 6-8 | 0.52 mi | |
| Lakewood High School | public | 9-12 | 0.57 mi | |
| Twain Elementary School | public | K-5 | 0.66 mi | |
| Burcham Elementary School | public | K-5 | 0.92 mi | |
| Macarthur Elementary School | public | K-5 | 1.04 mi | |
| Marshall Academy Of The Arts | public | 6-8 | 1.22 mi | |
| Henry K-8 | public | K-5 | 1.24 mi | |
| Hoover Middle School | public | 6-8 | 1.38 mi | |
| Gompers Elementary School | public | K-5 | 1.41 mi | |
| Carver Elementary School | public | K-5 | 1.45 mi | |
| Esther Lindstrom Elementary School | public | K-6 | 1.49 mi | |
| Cleveland Elementary School | public | K-5 | 1.56 mi | |
| Holmes Elementary School | public | K-5 | 1.56 mi | |
| Riley Elementary School | public | K-5 | 1.58 mi | |
| Madison Elementary School | public | K-5 | 1.72 mi | |
| Stephen Foster Elementary School | public | K-6 | 1.82 mi | |
| Ernest S. McBride Sr. High School | public | 9-12 | 1.84 mi | |
| Helen Keller Middle | public | 6-8 | 1.95 mi | |
| Millikan High School | public | 9-12 | 1.98 mi | |
| Buena Vista High School | public | 9-12 | 1.99 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5245 E Carson St is a Residential Income in Long Beach, CA 90808. This – square foot property sits on a 7,921 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,815,000 and was built in 1946. This address can also be written as 5245 E Carson St, Long Beach, CA 90808.
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This listing information is up-to-date as of March 27, 2025. For the most current information, please contact George Bustamante
