
Lakewood, California 90712
This 4-bedroom, 2-bath residence represents a High-Potential Investment Opportunity, listed at $950,000—positioned above the $935,720 Fair Market Value. While the property requires modernization, its Fair Condition Rating and solid 1952 construction provide a stable foundation for value-add renovations. The spacious master suite and detached garage offer significant functional upside in the desirable Lakewood Mutuals neighborhood. With proximity to the Long Beach Unified School District, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5209 Coke Subject | $950,000* List Price | 4 | 2 | 1,789 | $523 | - |
A 4708 Oliva Sold | $930,000 | 4 | 2 | 1,796 | $518 | 0.6 mi |
B 4702 Castana Sold | $959,000 | 3 | 2 | 1,651 | $581 | 0.6 mi |
C 5743 Coke Avenue Sold | $945,000 | 4 | 2 | 2,091 | $452 | 0.5 mi |
D 2724 Fairman Sold | $780,000 | 3 | 2 | 1,318 | $592 | 1.0 mi |
E 5812 Graywood Sold | $860,000 | 3 | 2 | 1,674 | $514 | 0.8 mi |
F 4848 4848 Oliva Sold | $985,000 | 5 | 2 | 1,826 | $539 | 0.5 mi |
G 2545 Loomis St Sold | $1,095,000 | 4 | 2 | 1,619 | $676 | 1.0 mi |
H 5923 Castana Avenue Sold | $840,000 | 3 | 2 | 1,494 | $562 | 0.7 mi |
I 5754 Coke Active Under Contract | $780,000 List Price | 3 | 2 | 2,025 | $385 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952 and described as needing 'refreshing' and 'updates,' the property is significantly dated (70+ years old). While the listing notes 'solid bones,' the call for a 'creative touch' and 'adding value' through updates indicates the kitchen, baths, and systems likely exceed the 20-year threshold for modern standards.
The property features a rare, generously sized master suite with a walk-in closet, providing a strong foundation for a high-end private retreat.
With 'solid bones' and a functional four-bedroom layout, this home offers an excellent opportunity for investors or buyers to build equity through modernization.
Located in the sought-after Lakewood Mutuals area, the home benefits from a stable community atmosphere and proximity to the Long Beach Unified School District.
The home requires cosmetic updates and modernization throughout, which will necessitate an immediate additional investment post-purchase.
Built in 1952, the property likely features original systems that may require upgrades to meet current energy efficiency and building standards.
Welcome to 5209 Coke Avenue, a 4-bedroom, 2-bath home brimming with potential and awaiting your creative touch. The generously sized master suite features a walk-in closet, offering a wonderful foundation to craft your perfect retreat. While the home does need some refreshing, its solid bones, functional layout, and multiple bedrooms provide a canvas for your vision. Imagine the possibilities as you update and enhance each space, adding value along the way. The home features a two-car detached garage, adding convenience and extra storage Nestled in a desirable Lakewood neighborhood, this is your chance to transform a home with great potential into your dream space.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,789 | 1,350.518 |
| Lot Size | 5,686 | 5,208.598 |
| Price | $950.0K | $904.0K |
| Price per sq ft | $531 | $669 |
| Built year | 1952 | 1952 |
| HOA | $0 | $404 |
| Days on market | 30 | 44 |
Aug 11, 2026
$950,000
Initial Listing
Aug 10, 2026
$925,000
Initial Listing
Jun 12, 2018
$655,000
Public Record
May 20, 1998
$175,500
Public Record