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.
The median home value in Lakewood, CA is $850,000. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Lakewood, CA is $850,000. Approximately 71.41% of Lakewood homes are owned, compared to 26.04% rented, while 2.55% are vacant. Lakewood real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lakewood real estate agent to arrange a tour today!
Lakewood, California has a population of 82,419. Lakewood is more family-centric than the surrounding county with 32.77% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Lakewood, California is $102,163. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Lakewood is 38.4 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 46.2 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.