
Lakewood, California 90715
This Value-Add Condominium is listed at $524,999, positioned accurately at its $524,999 Fair Market Value. The residence carries a Fair Condition Rating, featuring original 1984 finishes that present a clear opportunity for forced appreciation through interior modernization. Spanning 1,110 square feet, the unit offers a functional 3-bedroom, 2-bathroom layout, a private balcony, and access to the highly-regarded ABC Unified School District. Community amenities include a pool, spa, and gated parking. This is a calculated entry point for Buy-and-Hold Investors or first-time buyers looking to trade cosmetic updates for long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12141 Centralia Street 119 Subject | $524,999* List Price | 3 | 2 | 1,110 | $473 | - |
A 21501 Pioneer 3 Sold | $610,000 | 2 | 2 | 1,129 | $540 | 0.6 mi |
B 12121 Centralia Street 111 Sold | $375,000 | 1 | 1 | 731 | $513 | 0.1 mi |
C 11750 206th Street Sold | $529,000 | 2 | 2 | 980 | $540 | 0.6 mi |
D 12121 Centralia Street 302 Active Under Contract | $540,000 List Price | 3 | 2 | 1,110 | $486 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this property is 40 years old and shows clear signs of its age without significant recent renovations. The kitchen features original-style light wood cabinets, dated laminate countertops, older white appliances (including a visible older dishwasher and stove), linoleum flooring, and an outdated fluorescent box light fixture. The bathroom also presents with an older fiberglass tub/shower combo with sliding glass doors, a dated vanity, and older tile flooring. While the property appears functional and maintained, the overall aesthetic, particularly in the kitchen and bathrooms, is significantly outdated and would require substantial updates to meet modern buyer preferences and standards. The parquet flooring in the living areas and likely popcorn ceilings further contribute to the dated feel, aligning with the 'fair' condition criteria of being aged but maintained, with major components functional but showing signs of being outdated.
The condominium complex offers a wide array of amenities including a sparkling pool, spa, outdoor rinsing showers, picnic area, clubhouse/meeting room, and a gated parking lot, enhancing lifestyle and security.
Strategically located minutes from the 605 freeway, Cerritos Mall, and a diverse range of restaurants, providing convenient access to transportation, shopping, and dining options.
The unit includes two covered parking spaces, a valuable and convenient feature for condominium living, offering protection for vehicles.
The property explicitly states 'None' for views, which may be a drawback for buyers prioritizing scenic outlooks or natural light.
A monthly association fee of $435 adds a substantial recurring cost to homeownership, which can impact overall affordability and budget planning.
Built in 1984, the property is 40 years old. While functional, it may require updates to systems, finishes, or appliances to meet modern aesthetic preferences or efficiency standards, which are not detailed in the description.
Begin the New Year in your starter home. Property features a 3 bed, 2 bath, spacious Kitchen, comfortable living space and a balcony from your dining area. The unit offers 2 covered parking spaces. Amenities include a sparkling pool to cool off during warm summer days, spa, outdoor rinsing showers, picnic area, club house/meeting room and a gated parking lot. With in minutes from the 605 freeway, Cerritos Mall and a wide range of restaurants. Proximity is what this property offers! Schedule your showing today!
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 | 62,708 | 56,822.5 | 67% |
| Price | $525.0K | $527.0K | 50% |
| Price per sq ft | $473 | $519 | 17% |
| Built year | 1984 | 1984 | 50% |
| HOA | $435.0 | $432 | 50% |
| Days on market | 472 | 204 | 0% |
Dec 12, 2025
$524,999
Initial Listing
Jan 5, 2025
$579,000
Initial Listing
Nov 19, 2007
$295,000
Public Record
Oct 31, 2005
$365,000
Public Record
May 14, 2002
$167,000
Public Record