
Lakewood, California 90715
This Upgraded Top-Floor Condominium is a Strong Value Opportunity, listed at $540,000—positioned well below the $595,590 Fair Market Value by 9%. This valuation gap provides $55,590 in Instant Equity for the incoming buyer. The residence features a Good Condition Rating with a Pool View, new central AC, and premium flooring within the elite ABC Unified School District. Offering rare top-floor privacy with no neighbors above, this home is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting high-demand rental markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12121 Centralia Street 302 Subject | $540,000* List Price | 3 | 2 | 1,110 | $537 | - |
A 11750 206th Street Sold | $529,000 | 2 | 2 | 980 | $540 | 0.6 mi |
B 12750 Centralia Street 94 Sold | $539,900 | 2 | 1 | 1,056 | $511 | 0.8 mi |
C 12141 Centralia Street 119 Active | $524,999 List Price | 3 | 2 | 1,110 | $473 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been thoughtfully refreshed with new flooring, fresh paint, recessed lighting, and a brand-new central AC and furnace. While the kitchen and bathroom cabinetry and some fixtures (like the kitchen ceiling light box) reflect an older style, they are well-maintained with modern stone countertops. The home meets the 'good' criteria as a well-maintained, updated residence that does not require immediate renovation.
The property is move-in ready with significant recent improvements, including new flooring, fresh paint, recessed lighting, and brand-new central AC and furnace systems, providing immediate value and peace of mind.
Positioned on the third floor with no neighbors above, this unit offers superior privacy, reduced noise, and enhanced natural light, which are highly sought-after features in condominium living.
Located within the prestigious ABC Unified School District, the property provides access to top-tier educational facilities, a factor that consistently drives long-term demand and property value retention.
The $450 monthly association fee is a significant recurring cost that may impact the overall affordability and borrowing power for budget-conscious buyers.
At 1,110 square feet, the three-bedroom configuration may result in smaller individual room sizes, potentially feeling cramped for families requiring more spacious living or storage areas.
Welcome to this beautifully upgraded 3-bedroom, 2-bath residence in the gated community of Lakewood Terrace. Positioned on the third floor with no one above, this 1,110 sq ft home offers privacy, natural light, and a peaceful setting with a pool view from your private balcony just off the kitchen—perfect for morning coffee or winding down at the end of the day. Inside, the home has been thoughtfully refreshed with new flooring, fresh interior paint, smooth ceilings, recessed lighting, and a smart thermostat for modern living. The living area is anchored by a cozy fireplace, creating a warm and inviting space to relax or entertain. The kitchen flows seamlessly into the dining and living areas, while in-unit laundry adds everyday convenience. Recent upgrades also include new shower glass doors, a new central AC system, and a new furnace—giving buyers confidence and comfort from day one. Additional highlights include two assigned parking spaces in the secure subterranean garage and elevator access for easy entry. Lakewood Terrace offers a true lifestyle experience with resort-style amenities including a pool, spa, clubhouse, picnic areas, and dog-friendly walking spaces within a well-maintained, gated community. Located in the highly regarded ABC Unified School District and just minutes from parks, shopping, dining, and major freeway access, this home delivers the ideal blend of comfort, convenience, and community. A rare opportunity to own a move-in ready home in one of the area’s most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 83% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,110 | 1,018 | 67% |
| Lot Size | 62,233 | 56,822.5 | 50% |
| Price | $540.0K | $534.5K | 67% |
| Price per sq ft | $486 | $519 | 17% |
| Built year | 1985 | 1985 | 50% |
| HOA | $450.0 | $432 | 67% |
| Days on market | 27 | 124 | 17% |
Mar 26, 2026
$540,000
Initial Listing
May 22, 2009
$190,000
Public Record
Jul 3, 2006
$375,000
Public Record
Jun 27, 2002
$175,000
Public Record