20702 Seine Avenue,  Lakewood  (90715)

$2,350,000

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PROPERTY DETAILS

Address: view address
Lakewood, CA 90715
Map Location
Features: Garage, Garden, Gated Community, Multi-level
Year Built:1987Property Type:Multi Family
Neighborhood:East Lakewood (Elk)County:Los Angeles
List Date:2020-12-26Listing Number:SB20262799

PROPERTY DESCRIPTION

A rare opportunity for an investor to enter the highly sought after Lakewood apartment market. Very few apartment buildings in Lakewood change hands due to the excellent rental market fundamentals/demographics of the area, which include an $89,469 median household income. Offered at a 4.12% cap rate and 15.01 GRM. Approximately 20% market rental proforma upside to a 5.38% cap rate and 12.55 GRM. The property is well located on a tree lined residential block in close proximity to Artesia High School, Willow Elementary School, and Palm Park & Community Center. Superior unit mix of six large two bedroom townhome style units plus a three bedroom house. Full perimeter fencing/gating. Abundant on-site parking: 16 Parking Spaces (7 Garage + 8 Surface + 1 Guest). 3 Buildings, 8,326 Rentable Square Footage. 16,620 Square Foot Wrap-Around Corner Lot. 5 minute drive to both Los Cerritos Center AND Long Beach Towne Center. Convenient freeway access to the 91 and 605.






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Exterior

Composition Roof:YesGarage Size:7
Garden:YesParking Spaces:16
Shingle Roof:Yes

Property and Lot Details

Corner Lot:YesGated Community:Yes
Lot Number:7,058,019,001Lot Sqft:16,620
Lot Zoned:LKMFR*Public Sewer:Yes
Public Water:YesSubdivision:East Lakewood (ELK)
Transaction Type:SaleYear Built:1987

PHOTO GALLERY

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Listing courtesy of: John Mociak of Keller Williams Beach Cities (CA DRE #01708711)