5245 E Carson St Long Beach, CA 90808
Property details
About 5245 E Carson St
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.
Highlights
Summary
- MLS Number: PW25046653
- MLS Name: CRMLS
- Office Name: Coldwell Banker Commercial
- Office Phone: (714) 856-7017
- Listing Agent: George Bustamante
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 12:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,815,000
5245 E Carson St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 16, 2020 | Home Sold | $1,250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,340,250 | $17,597 |
| 2023 | $1,313,971 | $17,303 |
| 2022 | $1,288,208 | $16,242 |
| 2021 | $1,262,950 | $15,918 |
| 2020 | $117,194 | $2,253 |
| 2019 | $114,897 | $2,078 |
| 2018 | $112,645 | $2,053 |
| 2017 | $110,437 | $2,053 |
History based on county public records data.
Nearby schools
6
Twain Elementary School
Public District KG-5
0.6 mi
•5021 E Centralia St
8
Burcham Elementary School
Public District KG-5
0.9 mi
•5610 E Monlaco Rd
7
MacArthur Elementary School
Public District KG-5
1.1 mi
•6011 Centralia St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $103,365. The most common annual income of people living in Long Beach, CA is between $100k-200k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Live Theatre
Men's Tennis
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Crate & Barrel
Where do the neighbors go to eat?
Boston Market
The Cheesecake Factory
Starbucks
What do the neighbors drive?
Mercedes
Volvo
Audi
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
This home is located at 5245 E Carson St in Long Beach, CA and zip code 90808 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 4, 2025 and is currently priced at $1,815,000.
Over 58 listings were sold over their listed price in March 2025 in Long Beach, CA. In the same period over 59 listings were sold below the listed price and 28 listings were sold for the listed price. The number of homes for sale in Long Beach, CA increased by 5% between February and March 2025. The median list price of listings available in March 2025 was $830,250, while the average time on the real estate market was 32 days.