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11342 215th Street

Lakewood, CA 90715
  • $1,899,500
  • STATUS: Active
  • ON SITE: 209 Days
  • MLS #: OC24174853
UPDATED: 55 min ago
$1,899,500
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Hector Ramirez of Hector Ramirez, Broker (714-788-1799)


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, 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-19T23:31:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/153964683
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11342 215th Street Lakewood, CA 90715

  • Price: $1,899,500
  • Status: Active
  • On Site: 209 Days
  • Updated: 55 min ago
  • MLS #: OC24174853
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1953
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property 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, 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.
Exterior Features

Construction Materials Stucco Entry Level 1 Entry Location 1 Fencing Block Lot Features 0-1 Unit/AcreRectangular LotValue In Land Number Of Separate Electric Meters 3 Open Parking Spaces 6 Parking Features None Parking Total 12 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas RangeGas Water Heater Common Walls No Common Walls Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbsDog ParkGolfParkStreet LightsSidewalks Contingency Standard Contract Contingencies & Disclosures. All information is deemed reliable but not guaranteed. Buyer and buyers agents responsible to verify all information to satisfy themselves regarding permitsunitsconditionsrent control and any other information. Current Financing Conventional Garage YN Yes Gross Income 101280 Gross Scheduled Income 101280 Insurance Expense 1500 Land Lease YN No Laundry Features In Garage Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanOwner May CarrySubmit Maintenance Expense 1000 Net Operating Income 80995 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 20285 Other Expense 17785 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TVElectricityGasGrounds CareTrash CollectionTelephoneWater Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Zoning LKMFR*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-19T23:31:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Hector Ramirez of Hector Ramirez, Broker (714-788-1799)