
Lakewood, California 90715
This Condominium represents a High-Potential Investment Opportunity, listed at $495,000—positioned slightly above the $484,839 Fair Market Value. While the property requires cosmetic updates to address its Condition Rating of 4, it offers a unique lifestyle within the gated Lakewood Shores community, featuring Resort-Style Amenities and Tranquil Water Views. Situated in the ABC Unified School District, this asset provides long-term stability for Buy-and-Hold Investors or first-time buyers looking to build value through strategic interior improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12750 Centralia #130 Subject | $489,900* List Price | 2 | 1 | 1,056 | $458 | - |
A 12141 Centralia Street 119 Sold | $465,000 | 3 | 2 | 1,110 | $419 | 0.8 mi |
B 12750 Centralia 76 Sold | $540,000 | 2 | 2 | 1,056 | $511 | 0.1 mi |
C 12141 Centralia Street 320 Sold | $495,000 | 3 | 2 | 1,110 | $446 | 0.8 mi |
D 12121 Centralia Street 302 Sold | $558,500 | 3 | 2 | 1,110 | $503 | 0.9 mi |
E 12121 Centralia Street 111 Sold | $375,000 | 1 | 1 | 731 | $513 | 0.9 mi |
F 12750 Centralia Active | $459,900 List Price | 1 | 1 | 844 | $545 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property shows signs of aging with partial updates. While the main living area has newer laminate flooring and stone countertops, the kitchen and bathroom cabinets are dated/painted originals, and the bedroom carpeting is visibly worn and stained, indicating a need for minor repairs and cosmetic updates.
The gated Lakewood Shores community offers an extensive amenity package including two swimming pools, two spas, and two tennis courts set amidst lush landscaping and scenic waterways.
Situated within the highly-regarded ABC Unified School District, this property offers significant appeal and long-term value for families prioritizing quality education.
The unit features a serene setting with direct views of the community's unique streams and ponds, providing a peaceful atmosphere rarely found in standard condominium complexes.
At $465 per month, the association dues represent a significant recurring expense that may impact the overall affordability and debt-to-income ratio for potential buyers.
The 2-bedroom, 1-bath configuration may be a drawback for families or roommates compared to similar units that offer a second bathroom or a powder room.
Welcome to Lakewood Shores, a gated, resort-style community surrounded by streams, mature landscaping, and peaceful water features. This charming 2-bedroom, 1-bath condo offers a relaxing setting with beautiful views of the surrounding waterways, live ducks, and the soothing sounds of flowing water. Ideally situated within the community, the unit is conveniently located near its assigned carport, guest parking, and mailboxes. Step outside and enjoy the serene atmosphere that makes Lakewood Shores such a unique place to call home. Residents enjoy an impressive array of amenities, including 2 swimming pools, 2 spas, and 2 tennis courts, all within the beautifully maintained gated community. The location is equally convenient, with easy access to Cerritos shopping, Don Knabe Community Regional Park, Knott's Berry Farm, the 605 and 91 freeways, and a nearby bike path offering a route toward the beach. A wonderful opportunity for first-time buyers, downsizers, or investors, this home offers an appealing combination of location, amenities, and resort-style surroundings. Whether you're relaxing beside the water, enjoying the community amenities, or taking advantage of the many nearby shopping, dining, recreation, and entertainment options, Lakewood Shores offers a unique opportunity to enjoy the Southern California lifestyle in a peaceful, resort-like setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.4 |
| Square foot | 1,056 | 1,151 |
| Lot Size | 806 | 52,412.875 |
| Price | $489.9K | $576.0K |
| Price per sq ft | $464 | $519 |
| Built year | 1978 | 1987 |
| HOA | $465.0 | $364 |
| Days on market | 26 | 97 |
Sep 7, 2026
$489,900
$495,000
-1% Price Drop
Initial Listing
Aug 14, 2026
$495,000
Initial Listing
Feb 28, 2018
$360,000
Public Record
Jun 24, 2015
$295,000
Public Record
Mar 21, 2011
$215,000
Public Record
Sep 14, 2010
$180,000
Public Record
Apr 27, 2007
$380,000
Public Record
Nov 1, 2001
$169,000
Public Record
Apr 9, 1999
$104,500
Public Record