4704 E Centralia St
A distinguished 2,558 sq ft single-family residence on a rare 9,368 sq ft corner lot — offering immediate livability, ADU development potential, and proximity to Long Beach's emerging tech corridor.
A Rare Corner Lot in
Lakewood Village
Situated at the corner of E Centralia St and Grayhood Ave, this 1943-built single-family residence occupies one of the most generously proportioned lots in the 90808 zip code. With 9,368 square feet of land and a 70-foot frontage, the property offers immediate owner-occupant appeal alongside compelling development optionality under California's pro-housing legislation.
The existing 2,558 sq ft structure — featuring four bedrooms and four full bathrooms — was effectively renovated in 1985 and provides a solid foundation for modernization. The property's RealAVM™ of $1,484,500 (Confidence: 92/100) reflects the neighborhood's 10/10 median home value rating and 14% two-year appreciation trajectory.
Property Photography
Aerial view — Corner lot at E Centralia St & Grayhood Ave
Main living area — Spacious open-plan layout
Rear yard — ADU development potential on 9,368 sq ft lot
Lakewood Village — Established neighborhood near Long Beach Airport
Kitchen — Functional layout with modernization potential
Master suite — One of four bedrooms
Full bathroom — Four full baths throughout
Street view — 70-foot frontage on E Centralia St
Click any image to enlarge · 3D Virtual Tour available upon registration
Property Specifications
Interior
- 2,558 sq ft of living space
- 4 bedrooms, 4 full bathrooms
- Single-story layout
- Central heating & air conditioning
- Effective renovation year: 1985
Lot & Exterior
- 9,368 sq ft corner lot (0.2151 acres)
- 70-foot frontage on E Centralia St
- 125-foot lot depth
- Corner position at Grayhood Ave
- 2 parking spaces
- Public water & sewer
Development Rights
- Zoning: LBR1N (R-1-N Single-Family)
- ADU up to 1,200 sq ft — ministerial approval
- JADU up to 500 sq ft within main home
- SB 9 lot split eligibility (subject to verification)
- No HOA restrictions on ADUs
- No parking minimums for ADU
Location
- ZIP: 90808 — Lakewood Village
- MLS Area: 29 — Lakewood Village
- School District: Long Beach Unified
- Near Mark Twain Elementary School
- Walkability Score: 87/100
- Crime Risk: 32/100 (low)
Rear yard — Ample space for ADU construction (up to 1,200 sq ft)
Assessment & Tax History
| Year | Total Assessment | Annual Tax |
|---|---|---|
| 2025 | $1,244,400 | — |
| 2024 | $961,452 | $12,530 |
| 2023 | $942,601 | $12,326 |
| 2022 | — | $11,570 |
Special assessments total $597.15/yr. Tax Area: 5531.
Five Development Scenarios
A comprehensive Highest & Best Use (HBU) analysis evaluated five strategies against four core tests: legally permissible, physically possible, financially feasible, and maximally productive.
Keep & Renovate
Fastest execution with highest ROI efficiency. Ideal for quick value realization.
All valuations, financial figures, timelines, and projections are illustrative only and have not been independently verified. Prospective buyers must conduct independent due diligence and consult with licensed real estate, legal, tax, and financial professionals before making any decisions.
Lakewood Village —
Where Infrastructure Meets Opportunity
The 90808 zip code commands a perfect 10/10 median home value rating, anchored by tree-lined streets, excellent schools, and a low crime environment. With over $250M in committed public and private investment scheduled for completion by the 2028 Olympics, Lakewood Village is entering a sustained appreciation cycle.
Lakewood Village, Long Beach CA — Near Long Beach Airport (LGB) and Heartwell Park
Anduril Industries Campus
5-min drive · Opening 2027
A 1-million sq ft 'Space Beach' tech campus creating 5,500 high-income jobs adjacent to Long Beach Airport — generating a new pool of professional buyers and premium renters.
Studebaker Road Transformation
$64M · Starting Feb 2026
Complete streets project adding bike lanes, landscaping, and safety improvements just east of the property — directly enhancing walkability and neighborhood aesthetics.
Long Beach Airport Modernization
Q1 2026 · LGB International
Targeted upgrades to Long Beach Airport ahead of the 2028 Olympics, supporting increased international connectivity and elevating the entire Lakewood Village corridor.
Heartwell Park Upgrades
Elevate '28 Plan
Artificial turf, new playgrounds, and recreational improvements to Heartwell Park under the city's $250M+ Elevate '28 infrastructure plan — directly adjacent to the neighborhood.
Transparent Reserve Auction
This property is offered via a reserve auction format — the most transparent and competitive method for price discovery in the current market. All registered bidders participate on equal terms, with soft-close rules ensuring no bid sniping.
How the Auction Works
Register & Verify
Complete identity verification and register your interest to receive auction access credentials and due diligence documents.
Due Diligence
Review all available property documents, financial analysis, inspection reports, and legal disclosures in the secure data room.
Book a Consultation
Schedule a live call with the listing broker to discuss the property, ask questions, and confirm your bidding strategy.
Place Your Bid
Participate in the transparent reserve auction. Soft-close rules prevent bid sniping — every bidder has a fair opportunity.
Settlement
Successful bidder executes purchase contract within 48 hours. EMD of 10% due promptly. Standard 30-day closing timeline.
International Buyers: Non-resident sellers are subject to 15% FIRPTA withholding. International bidders should factor local transfer taxes and FIRPTA implications into their acquisition costs. Consult a qualified tax advisor.
Common Questions
Connect With the Listing Broker
Register your interest to receive the full due diligence package, access the secure data room, and schedule a live consultation with the listing agent. All inquiries are handled with complete confidentiality.
Upon Registration You Receive: