11609 208th Street, Lakewood, California 90715, Lakewood, 90715 - bed, bath
11609 208th Street
Lakewood, California 90715
Property Price
SUMMARY
Analysis of 11609 208th Street, Lakewood, California 90715 is currently available with a list price of $1,699,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lakewood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1947, this quadruplex is in well-maintained, turnkey condition with significant recent capital improvements. Key upgrades include new roofs (2019 and 2025), updated main water lines (2017), and fresh exterior paint. The property features high-demand amenities like in-unit laundry and private garages, and while the interior styling reflects a mix of ages, the overall maintenance and system updates ensure it is move-in ready with no immediate major renovations required.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features significant recent upgrades including a new roof (2025), updated main water lines (2017), and fresh exterior paint, significantly reducing immediate CapEx requirements for a new owner.
- Superior Parking and Amenities
Each unit includes a private garage and in-unit laundry hookups, supplemented by four additional parking spaces and a common courtyard BBQ area, which are high-demand features that drive tenant retention.
- Desirable Unit Mix and Lot Size
The asset consists entirely of large two-bedroom units situated on an oversized 10,510 sq ft lot, offering a stable tenant base and potential for future ADU development to increase density.
CONSRISKS & DEFICIENCIES
- Modest Initial Yield
The current 4.08% cap rate is relatively low for a 1940s-era building, suggesting that the property is priced at a premium or that current rents may require adjustment to meet market standards.
- Utility Expense Exposure
While gas and electric are separately metered, the owner remains responsible for water costs, which can lead to fluctuating overhead and impact the net operating income.
About 11609 208th Street
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1947
- Lot Size
- 10,510 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,120 | 2,117 | 75% |
| Lot Size | 10,510 | 8,106 | 75% |
| Price | $1.70M | $1.09M | 75% |
| Price per sq ft | $545 | $542 | 50% |
| Built year | 1947 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 223 | 238 | 50% |
Pricing History
Listed for Sale
Jul 26, 2025
$1,699,000
Initial Listing
Sold
Dec 24, 2002
$405,000
Public Record