5245 E Carson Street
Long Beach, CA 90808
- – beds
- – baths
- – sqft
- 7,921 sqft lot
- 1946 build
- – on site
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.
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Last updated Mar 27, 2025
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MLS# PW25046653 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1946
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:3561.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:5
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# of Separate Water Meters:1
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# of Separate Electric Meters:5
Interior
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Levels:Two
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Entry Location:Carson
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Laundry:Gas Dryer Hookup, Individual Room, Washer Hookup
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Laundry:1
Location
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Directions:East of Lakewood Blvd
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Latitude:33.83262800
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Longitude:-118.12995000
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LBR34
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Lot Features:Landscaped, Yard
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Lot Size Area:7921.0000
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Lot Size Acres:0.1818
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Lot Size SqFt:7921.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:C
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Tax Census Tract:5712.01
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Tax Tract:11425
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Tax Lot:31
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7183014025
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Lakewood Village (LVD)
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Subdivision:Lakewood Village (LVD)
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Features:Park, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Garage, Garage - Single Door
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Parking Spaces:5.00
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Garage Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/21/25
Mar 21, 2025
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Price Changed | CRMLS_CA | $1,815,000 | -0.5% |
|
3/3/25
Mar 3, 2025
|
Listed / Active | CRMLS_CA | $1,825,000 | 46.0% (9.4% / YR) |
|
4/16/20
Apr 16, 2020
|
CRMLS_CA | $1,250,000 | -3.5% |
