11342 215th St, Lakewood | 11342 215th St
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11342 215th St, Lakewood 11342 215th St
4 Unit Apartment Building $3,023,760 CAD ($755,940 CAD/Unit) 3.78% Cap Rate Lakewood, CA 90715
Investment Highlights
- Investor Developmental Opportunity Up To 16 units. Unique opportunity that combines location, potential and practicality.
- Easy access to major freeways, multiple parks, and popular restaurants. These units offer both convenience and urban lifestyle benefits..
- Current Tenants are stable and long term
- Units are close to a variety of amenities, restaurants and the Lakewood Center Mall, Long Beach Towne Center, Cerritos Mall, Hawaiian Gardens Casino.
- Property In The Middle Of Two Large Townhome Complexes.
- Seller may carryback a promissory note.
Executive Summary
Discover the charm and potential of this rare investor triplex opportunity in the heart of Lakewood. This property is a true gem, offering features that make it an exceptional investment opportunity. This property has three stand alone three bedroom homes, which the city says if developed per current city guidelines, you can build up to 16 units. The property is situated in a prime location between two large townhouse complexes. This triplex is close to a variety of amenities, including popular restaurants, the Lakewood Center Mall, Long Beach Towne Center, Cerritos Mall, Hawaiian Garden Casino, major freeways, and multiple parks offering both convenience and urban lifestyle benefits. The three current tenants are long-term providing stable and immediate rental income. This is a unique opportunity that combines location, potential, and practicality. Don't miss out on this rare developmental find in Lakewood that has huge upside potential . (Please do not disturb tenants). The seller may carryback a promissory note to assist prospective buyer.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,023,760 CAD | Property Subtype | Apartment |
| Price Per Unit | $755,940 CAD | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 3.78% | Building Size | 4,438 SF |
| Sale Conditions | Deferred Maintenance | Average Occupancy | 95% |
| Gross Rent Multiplier | 21.2 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 0.9/1,000 SF |
| Price | $3,023,760 CAD |
| Price Per Unit | $755,940 CAD |
| Sale Type | Investment |
| Cap Rate | 3.78% |
| Sale Conditions | Deferred Maintenance |
| Gross Rent Multiplier | 21.2 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.40 AC |
| Building Size | 4,438 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.9/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $3,685 CAD | 957 - 1,032 |
| 3+2 | 1 | $4,500 CAD | 1,136 |
| 3+1 | 1 | $3,685 CAD | 1,032 |
1 of 1
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 7060-023-043 | Total Assessment | $198 CAD (2024) |
| Land Assessment | $198 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
7060-023-043
Land Assessment
$198 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$198 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | LKMFR (Lakewood Multifamily Residential) |
| LKMFR (Lakewood Multifamily Residential) |
-
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11342 215th St, Lakewood | 11342 215th St
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