5245 E Carson ST Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90808
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood Village (Lvd)
MLS Listing ID PW25046653
HOA Y/N No
Year Built 1946
Lot Size 7,919 Sqft
Property Sub-Type Quadruplex
Property Description
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: Each unit is separately metered for gas and electricity, with tenants covering their own utility costs. Landscaped grounds are maintained by an automatic sprinkler system.
• Prime Location Across from Heartwell Park: Tenants enjoy direct access to walking and biking trails, a duck pond, outdoor fitness course, and community library. Close to Cal State Long Beach, Long Beach City College, and an abundance of nearby shopping, dining, and entertainment options.
A Smart, Versatile Investment
Ideal for buyers seeking a stable, income-generating asset with long-term upside, or for owner-occupants looking to live in one unit while offsetting expenses with rental income. Creative financing options may be available—contact listing broker for details.
Showing Remarks: Fully occupied. No showings at this time.
Location
State CA
County Los Angeles
Area 29 - Lakewood Village
Zoning LBR34
Interior
Fireplace No
Laundry Washer Hookup,Gas Dryer Hookup,Laundry Room
Exterior
Parking Features Door-Single,Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Park,Storm Drain(s),Street Lights,Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Landscaped,Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7183014025
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard