$1,500,000
$1,599,500
6.2%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 07/09/2025
Key Details
Sold Price $1,500,000
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24174853
Year Built 1953
Lot Size 0.401 Acres
Property Sub-Type Triplex
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LKMFR*
Interior
Heating Wall Furnace
Flooring Laminate
Fireplaces Type None
Laundry In Garage
Exterior
Parking Features None
Garage Spaces 6.0
Garage Description 6.0
Fence Block
Pool None
Community Features Biking, Curbs, Dog Park, Golf, Park, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asphalt
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot, Value In Land
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Owner May Carry, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Owner May Carry, Submit
Special Listing Condition Standard
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Bought with Monica Abundiz CAZZA Realty, Inc.