12141 Centralia Street 320, Lakewood, California 90715, Lakewood, 90715 - 3 bed, 2 bath
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Lakewood, California 90715
This 3-bedroom condo presents a Strong Value Opportunity, listed at $479,000—positioned well below the $532,005 Fair Market Value by 9%. This valuation gap offers $53,005 in Instant Equity for the buyer. With a Condition Rating of 4, the property features a functional layout and resort-style amenities, including a pool and spa. Located in the ABC Unified School District, this end-unit is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term value through cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12141 Centralia Street 320 Subject | $479,000* List Price | 3 | 2 | 1,110 | $479 | - |
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 12750 Centralia 76 Sold | $540,000 | 2 | 2 | 1,056 | $511 | 0.7 mi |
D 12141 Centralia Street 119 Active | $524,999 List Price | 3 | 2 | 1,110 | $473 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is 40 years old and retains many original features, including dated oak cabinetry in the kitchen and bathrooms and fluorescent light boxes. While the hardwood floors and stainless steel appliances are positive additions, the overall condition is dated and requires cosmetic updates and potential system modernization to meet current standards.
As a third-floor end-unit, this condo offers enhanced privacy, increased natural light, and no neighbors above, making it a premium placement within the complex.
The property is situated within the highly regarded ABC Unified School District, a significant value driver for families and long-term resale potential.
Rare for the price point, the 1,110 sqft floor plan includes three full bedrooms and in-unit laundry hookups, providing the space and convenience of a single-family home.
The listing suggests the home is ready for 'personal touches and updates,' implying that buyers will need to budget for modernizing the interior finishes.
The monthly association fee of $450 adds a significant recurring cost to the ownership budget, which may impact affordability for some first-time buyers.
Welcome to 12141 Centralia Street in the highly desirable Lakewood Terrace community! This spacious 3-bedroom, 2-bath end-unit condo is located on the third floor, offering added privacy and an abundance of natural light. The home features beautiful hardwood flooring throughout the main living areas, cozy carpet in the bedrooms, and a functional floor plan ready for your personal touches and updates. The inviting kitchen opens to a private balcony—the perfect spot to enjoy your morning coffee while taking in the peaceful surroundings. Convenient in-unit washer and dryer hookups add to the home's everyday comfort and practicality. Residents of this gated community enjoy resort-style amenities, including a sparkling pool, relaxing spa, clubhouse, and outdoor seating areas ideal for entertaining or unwinding after a long day. The property also offers easy access to shopping, dining, major freeways, and the highly regarded ABC Unified School District. Whether you're a first-time buyer, downsizing, or looking for an excellent investment opportunity, this condo offers incredible potential in a prime Lakewood location. Bring your vision and make this home your own!
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 | 994 | 67% |
| Lot Size | 62,708 | 62,470.5 | 50% |
| Price | $479.0K | $484.0K | 50% |
| Price per sq ft | $432 | $519 | 17% |
| Built year | 1984 | 1984 | 50% |
| HOA | $450.0 | $450 | 50% |
| Days on market | 4 | 98 | 17% |
Jun 2, 2026
$479,000
Initial Listing
Jan 21, 1998
$111,500
Public Record