
Lakewood, California 90715
This Resort-Style Condominium represents a Prime Investment Opportunity, listed at a List Price of $490,000—positioned well below the $503,807 Fair Market Value by 2%. This valuation gap provides $13,807 in Instant Equity. With a Condition Rating of 3, the unit features a renovated kitchen and modern flooring, ensuring a move-in ready experience. Residents enjoy premium amenities including pools, spas, and tennis courts within the ABC Unified School District. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a peaceful, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12750 Centralia Street 43 Subject | $550,000* List Price | 2 | 2 | 1,056 | $507 | - |
A 12750 Centralia 76 Sold | $540,000 | 2 | 2 | 1,056 | $511 | 0.1 mi |
B 12121 Centralia Street 302 Sold | $558,500 | 3 | 2 | 1,110 | $503 | 0.8 mi |
C 12141 Centralia Street 119 Sold | $465,000 | 3 | 2 | 1,110 | $419 | 0.8 mi |
D 12141 Centralia Street 320 Sold | $495,000 | 3 | 2 | 1,110 | $446 | 0.8 mi |
E 12121 Centralia 102 Sold | $567,000 | 3 | 2 | 1,110 | $511 | 0.8 mi |
F 12750 Centralia 81 Active | $499,900 List Price | 2 | 1 | 1,056 | $473 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1978, the interior shows significant updates including a renovated kitchen with white shaker cabinets, stainless steel appliances, and recessed lighting. The main living areas feature modern wood-look laminate flooring and updated paint, making the unit move-in ready and well-maintained.
Located in the gated Lakewood Shores, residents benefit from a serene environment featuring streams, waterfalls, two swimming pools, two spas, and tennis courts.
Listed at $490,000, the property is priced significantly below its 2022 sale price of $555,000, offering a high potential for immediate equity and long-term appreciation.
The property is situated within the highly-regarded ABC Unified School District and offers excellent commuter access to the 605 and 91 freeways and Cerritos shopping.
The $465 monthly association fee represents a significant recurring carrying cost that may impact overall affordability for budget-conscious buyers.
Built in 1978, the unit and community may require modernization or face future assessments for the maintenance of the extensive water features and common areas.
Welcome to Lakewood Shores, a gated, resort-style community surrounded by streams, mature landscaping, and peaceful water features. This charming 2-bedroom, 1 1/2 -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 | 2.0 | 2.4 |
| Square foot | 1,056 | 1,151 |
| Lot Size | 740 | 52,412.875 |
| Price | $550.0K | $576.0K |
| Price per sq ft | $521 | $519 |
| Built year | 1978 | 1987 |
| HOA | $465.0 | $364 |
| Days on market | 12 | 97 |
Sep 1, 2026
$550,000
$490,000
+12% Price Increase
Initial Listing
Aug 28, 2026
$490,000
Initial Listing
Oct 18, 2022
$555,000
Public Record
Sep 25, 2015
$315,000
Public Record
Apr 17, 2015
$235,000
Public Record
Dec 6, 2006
$340,000
Public Record
Apr 29, 1999
$103,500
Public Record