Rare Lakewood Fourplex - Turnkey Investment Opportunity
Pride of ownership 4-unit property on an oversized 10,498 sq ft lot. Unit mix: (3) 2BD/1BA + (1) 2BD+bonus/1BA totaling 3,120 sq ft. Each unit features a private garage and in-unit laundry. Property includes 4 additional parking spaces, fenced yard, courtyard BBQ area with stack-stone landscaping. Recent upgrades: new roof (2025) right building, New roof left side structures in 2019, Main water line replaced to each unit 2017, fresh exterior paint. Fully occupied with quality long-term tenants. Separately metered gas/electric, owner pays water. Investment Metrics: $97,980 gross income, $69,404 NOI, 4.08% cap rate. Immediate cash flow with upside potential in prime Lakewood location.
For sale
Listing Provided by:
Philip DeMatteo DRE #01384378 562-254-6883,
First Team Real Estate
$1,699,000
11609 208th St, Lakewood, CA 90715
8beds
4baths
3,120sqft
Est.:
Quadruplex
Built in 1947
-- sqft lot
$1,674,600 Zestimate®
$545/sqft
$-- HOA
What's special
Fenced yardNew roofCourtyard bbq areaFresh exterior paintIn-unit laundryStack-stone landscapingPrivate garage
- 9 days
- on Zillow |
- 518 |
- 24 |
- Loading
- Loading