11342 215th Street

Lakewood, CA 90715

$2,150,000
Price
9
Beds
4
Baths
3,125 Sq. Ft.
$688 / Sq. Ft.
3,125
Sq. Ft.
$688
per Sq. Ft.

Description

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 3 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,...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 3 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 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 find in Lakewood that has huge potential upside. (Please do not disturb tenants). The seller may carryback a promissory note.
  1. Listed by Hector Ramirez • DRE #01728536 • Brokerage DRE #01728536 • Hector Ramirez, Broker • 714-788-1799

Property Details for 11342 215th Street

View
None
Parking Spaces Total
12
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3125
Assessor Parcel Number
7060-023-005
LISTING UPDATED: 08/24/2024 11:22 PM

Property Details for 11342 215th Street

StatusActive
MLS #OC24174853
Days on Market85
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.40 AC / 17,464 SF
CountyLos Angeles County

Building Information for 11342 215th Street

Stories1Residences-Year Built1953Building Size-Lot Size0.40 AC / 17,464 SF

Property Information for 11342 215th Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Grounds Care, Gas, Telephone, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $101,280
  • Gross Scheduled Income: $101,280
  • Net Operating Income: $80,995
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $20,285
  • Insurance Expense: $1,500
  • Maintenance Expense: $1,000
  • Other Expense: $17,785
  • Other Expense Description: Prop Tax
  • Trash Expense: $0
  • Total Expenses: $19,985
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 5550.02
  • CFD/Mello-Roos Fee: $3,025
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments, Buyer to Verify
  • Community Features: Biking, Curbs, Dog Park, Golf, Park, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Gas Water Heater
  • Equipment: Garage
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Asphalt
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Block
  • Miscellaneous: Value in Land
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft, Rectangular Lot, Value In Land
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
  • Parking Features: None
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,200
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,620
  • Unit Type Total Rent: $2,620
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,620
  • Unit Type Total Rent: $2,620
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 11342 215th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11342 215th Street

Taxable ValueLand$1,000,000Additions$475,000Total$1,475,000
Tax Record2024$18,049 ($1,504 / month)
Home Facts
Total Finished SqFt3,121 SqFtAbove Grade Finished SqFt3,121 SqFtLot Size17,469 SqFtStyleTriplexYear Built1953ZoningLKMFR*CountyLOS ANGELESAPN7060-023-005

Schools near 11342 215th Street

This home is within Abc Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Aloha Elementary School
PublicK to 6

Fedde (Pharis F.) Middle School
Public7 to 8

Artesia High School
Public9 to 12

ABC Virtual Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11342 215th Street is a multi-family home for sale in Lakewood, CA 90715. This property was listed for sale on August 22, 2024 by Hector Ramirez, Broker, it's currently listed at $2,150,000. It has been on the market for a total of 85 days and was last sold on November 18, 2022. This listing's school district is Abc Unified School District. Nearby schools include Aloha Elementary School, Fedde (Pharis F.) Middle School and Artesia High School. 11342 215th Street is a 9-bed, 4-bath, 3,125 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hector Ramirez, Broker, Hector Ramirez, DRE #01728536

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.