Lakewood, CA 90715
Year Built: 1990
Building Size: 6,640 SF
Lot Size: 11,900 SF
Two Separate Buildings with strong construction (12-inch studs for added support & shear strength)
Each unit has in-unit laundry & separate electric meters
Two-car garages & private balconies for rear units
Owner pays water; tenants pay gas
Some deferred maintenance – value-add upside
Unit Mix
(4) × 3 Bed / 2.5 Bath Units – $3,000 each
(1) Bonus Studio Unit – $1,000
Monthly Rent: $13,000
GSI: $156,000
Financials
Purchase Price: $2,500,000
Cap Rate: 4.99%
Pro Forma Cap Rate (Year 3): 5.8%
NOI: $124,480
GRM: 16.03
Offer subject to interior inspection.
Buyer to cooperate with Seller's 1031 Exchange at no cost to the Buyer.
Please do not disturb tenants, thank you.