The sale is a portfolio sale of 3 properties (4430 E Village Rd, 4408 Greenmeadow Rd, and 4420 Greenmeadow Rd.). The Lakewood Portfolio consists of three (3) properties in the Lakewood Village area of Long Beach with a total of 42 residential units and 3 commercial units. 4408 Greenmeadow Road is a two story mixed use property comprised of 15 units and 3 commercial units. The commercial units, totaling approximately 4,866 square are separately metered for electricity and gas. The 15 units average about 152SF per unit with shared bathrooms and kitchen. The residential units were recently upgraded with new carpet, upgraded bathroom, interior paint, new paint doors, double pane windows, and ceiling fans. Part of the roof was recently replaced. 4420 Greenmeadow Rd is a one story building comprised of 15 units (assessor shows 14 units). The units are averaging about 150 SF per unit. One units is a studio with a bathroom and kitchen and another is dedicated as the on-site manager’s unit. The property has a front office that is connected to the manager’s unit. Property offers a 6.58% CAP RAte on actual numbers (new tax rate) and a whopping 6.30% cash on cash return.