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Property Description

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.

Overview

Property Status
For Sale
Lot Size
10,510 Sq.Ft.
MLS ID
PW25162914
Property Type
Multi-Family
Year Built
1947

Features & Amenities

Neighborhood
Los Angeles County
Architecture Styles
Traditional
View Description
Neighborhood
Stories
1
Garage Spaces
4.0
Water Source
Public
Utilites
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Pool
None
Roof
Composition, Shingle
Lot Features
Cul-De-Sac
Parking
Garage, On Site
Heat Type
Wall Furnace
Air Conditioning
Wall/Window Unit(s)
Other Interior Features
Granite Counters, All Bedrooms Down
Sewer
Public Sewer, Sewer Tap Paid
Substructure
Slab
Sales Price
$1,699,000
Zoning
LKMFR*

Downloads

11609 208th Street

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11609 208th Street

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