Properties
Lakewood, CA 90715 11609 208th Street
$1,699,000
16 more
Presented By: Philip DeMatteo with First Team Real Estate; 562-254-6883
Baths • 1
SQFT • 3,120
Garage • 4
Home Details
Rare Lakewood Fourplex - Turnkey Investment Opportunity
Pride of ownership 4-unit property on an oversized 10,510 sq ft lot. Unit mix: (3) 2BD/1BA + (1) 2BD+bonus/1BA totaling 3,120 sq ft. Each unit features a private garage and in-unit laundry. Property includes 4 additional parking spaces, fenced yard, courtyard BBQ area with stack-stone landscaping. Recent upgrades: new roof (2025) right building, New roof left side structures in 2019, Main water line replaced to each unit 2017, fresh exterior paint. Fully occupied with quality long-term tenants. Separately metered gas/electric, owner pays water. Investment Metrics: $97,980 gross income, $69,404 NOI, 4.08% cap rate. Immediate cash flow with upside potential in prime Lakewood location.
Presented By: Philip DeMatteo with First Team Real Estate; 562-254-6883
Interior Features for 11609 208th Street
Other Interior Features
Air Conditioning Y/NYes
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesGranite Counters, All Bedrooms Down
Laundry FeaturesInside
Total Stories1
Other Rooms
Entry Level1
General for 11609 208th Street
Additional Parcels Y/NNo
AppliancesGas Range, Refrigerator
Architectural StyleTraditional
Building Area UnitsSquare Feet
Cap Rate4.08
Carport Spaces4
Carport Y/NYes
CityLakewood
Community FeaturesStreet Lights, Sidewalks
Construction MaterialsDrywall, Stucco
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsCross Street is Pioneer Blvd, North of Centralia St.
Electric Expense288
Entry LocationFront
Expected Active Date 2025-07-26
Fuel Expense
Garage Spaces4
Garage Y/NYes
Gross Income97980
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense5500
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet10510
Lot Size UnitsSquare Feet
MLS Area28 - Lakewood City
MaintenanceExpense0
Net Operating Income69404
New ConstructionNo
Number Of Units Total4
Operating Expense8188
Pool FeaturesNone
PostalCityLAKEWOOD
Property Attached Y/NNo
Property ConditionFixer
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublic Sewer, Sewer Tap Paid
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count1
Subdivision Namenone
Tax Lot180
Taxes$20,388
Tenant PaysElectricity, Gas
Trash Expense0
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNeighborhood
Water Sewer Expense2400
Year Built1947
Year Built SourcePublic Records
ZoningLKMFR*
Exterior for 11609 208th Street
Building Area Total3120
FencingBlock
Foundation DetailsSlab
Lot FeaturesCul-De-Sac
Lot Size Acres0.2413
Lot Size Area10510
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Parking FeaturesGarage, On Site
Pool Charge0
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
