11609 208th Street, Lakewood, California 90715, Lakewood, 90715 - bed, bath

11609 208th Street, Lakewood, California 90715 home-pic-0
ACTIVE$1,699,000
11609 208th Street, Lakewood, California 90715
0Bed
0Bath
3,120Sqft
10,510Lot
Year Built
1947
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$545
HOA
-
Days on market
-
Sold On
-
MLS number
PW25162914
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.70M(67th), sqft - 3120(50th), beds - undefined(50th), baths - undefined(50th).

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.

Price History

Date
Event
Price
07/26/25
$1,699,000
12/24/02
Sold
$405,000
Condition Rating
Fair

The property was built in 1947, making it over 75 years old. While there have been significant capital improvements to the building's infrastructure (new roofs, main water line, exterior paint), the interior spaces, particularly the kitchens and bathrooms, appear dated. The kitchen features older wood cabinets, basic appliances, and dated wall colors. Bathrooms are functional with basic vanities and fixtures but lack modern style. Flooring is consistent tile throughout, which is durable but not contemporary. The absence of central air conditioning, relying instead on individual wall/window units, is a notable drawback. The property is well-maintained and functional for tenants, but the interior aesthetics and some features are outdated, aligning with the 'fair' condition criteria of being aged but maintained, with functional components showing signs of being outdated and requiring minor updates.
Pros & Cons

Pros

Turnkey Investment Opportunity: This fourplex is explicitly marketed as a 'Turnkey Investment Opportunity' with 'Immediate cash flow' and is 'Fully occupied with quality long-term tenants,' making it attractive for investors seeking stable income from day one.
Oversized Lot & Ample Parking: The property sits on an oversized 10,510 sq ft lot and provides not only private garages for each unit but also 4 additional parking spaces, a significant advantage in a dense urban environment.
Recent Capital Improvements: Significant upgrades have been made, including a new roof (2025 - likely recent or planned), a new roof in 2019, main water line replacement in 2017, and fresh exterior paint, reducing immediate capital expenditure for a new owner.
Individual Unit Amenities: Each unit features a private garage and in-unit laundry, highly desirable amenities that enhance tenant satisfaction, retention, and potential rental value.
Separately Metered Utilities: Gas and electric are separately metered for each unit, shifting utility costs to tenants and significantly reducing the owner's operating expenses.

Cons

Owner Pays Water: While gas and electric are separately metered, the owner is responsible for water costs, which can be a significant and variable operating expense impacting the net operating income.
Age of Property: Built in 1947, the property is over 75 years old. Despite recent upgrades, older infrastructure and components not explicitly mentioned as updated (e.g., original electrical wiring, some plumbing, insulation) may require future capital expenditures.
Lack of Central Air Conditioning (Implied): The description does not mention any cooling system. For a property built in 1947, it is highly probable that central air conditioning is absent, which could be a significant drawback for tenants during warmer months and limit rental upside.

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