Description
BUILD 8 UNITS (check w city). Lot next door is permitted for 8-unit development. 4.83% CAP RATE in Lakewood (good bones) with HIGH RENTAL DEMAND. Great bones: front house roof is 1 yr old w new electrical and copper plumbing. The front main house is a separate home with 3 beds and 2 baths. Including wood laminate floors, upgraded kitchen with granite counters, two upgraded bathrooms, private main bath with its own private patio. The other two units (back) are both 2 beds and 1 bath. Both were remodeled. However the bottom unit did not get kitchen remodeled (both tenants are paying on time). Back unit roof is 10 years old with new electrical and copper plumbing as well. Easy access to freeways, shopping, and schools. The two back units have under value rents (room for growth). Buyer to verify permits for themselves. This deal will not last
Location
Similar Listings
$87,000,000
8
14
21,800 Sq ft
ACTIVE
MLS# 21-101899
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 3rd June, 2023 2:19 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 3rd June, 2023 2:19 PM (UTC)
Listing Agent: Mark Velasco
Listing Office: West Shores Realty, Inc.
