Description

Colliers International is pleased to present this opportunity for investors to acquire a portfolio consisting of three (3) properties in the Lakewood Village area of Long Beach. The portfolio has a total of 42 rooms/unit and 3 commercial units. The properties are situated within walking distance to shopping centers, Long Beach City College, Lakewood Golf Course, The Village Shoppes, parks and other business centers in the area. Long Beach Airport is minutes away. The properties included in this portfolio are 4408 East Greenmeadow Road, 4420 East Greenmeadow Road, and 4430 East Village Road.

It is the first time on the market for sale since 1980s. The owner is very serious and motivated to sell the portfolio.

The portfolio is offered at a high 7% CAP rate and a low 7.83 GRM to provide investor good cash flow and return on their investment.

Lakewood Village, or simply known as The VIllage, is a community in the northeast portion of Long Beach, California and is surrounded on the west, north and east sides by the city of Lakewood. This custom-home community is one of the most desirable places to live in Long Beach. It is located south of Del Amo to north of Carson and east of Lakewood Blvd. to west of Bellflower Blvd. near the city of Lakewood (adjacent to the Lakewood Country Club). It is close to the 91, 710, 605, and 405 Freeways. The Lakewood Center, Lakewood Country Club, parks, top-rated schools, and the future Douglas Park Center and its proximity to the Long Beach Airport all add value to the area. Lakewood village is part of the 90808 zip code that also includes communities such as the El Dorado Park Estates, Los Altos, and Rancho Park Estates. The 90808 zip code has the second highest average real estate value in Long Beach after the Belmont Shore/Heights area. Homes in Lakewood Village start in the high $600,000 and go to $2,000,000.

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