5831 Bonfair, Lakewood, California 90712, Lakewood, 90712 - bed, bath
ACTIVE UNDER CONTRACT$999,900$2,538/sqft
5831 Bonfair, Lakewood, California 90712
0Bed
0Bath
2,538Sqft
7,514Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is an established residential income triplex, currently comprising three units (3/2, 2/1, studio), providing immediate rental revenue.
Top Cons:
Age of Property: Built in 1946, the property likely has aging infrastructure and systems that may require significant maintenance, repairs, or upgrades beyond the noted kitchen remodel.
Compared to the nearby listings
Price:$999.9K vs avg $1.33M ($-326,100)20%
Size:2,538 sqft vs avg 2,507 sqft60%
Price/sqft:$394 vs avg $52920%
More Insights
Built in 1946 (80 years old).
Condition: The property, built in 1946, is a triplex with varying conditions across units. While the main unit's kitchen is described as 'remodeled' and appears to have been updated approximately 15-25 years ago (oak cabinets, white appliances, recessed lighting), the overall style is now dated. The bathrooms are basic and show signs of age. Crucially, images of a secondary unit reveal a very old kitchen with light green painted cabinets, tiled countertops, and a broken cabinet door, indicating a renovation timeframe of 40-50+ years ago and requiring substantial repairs. The presence of outdated carpets and light fixtures throughout, combined with the property's significant age and the neglected state of at least one unit, points to a need for considerable rehabilitation beyond minor updates.
Year Built
1946
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$394
HOA
-
Days on market
-
Sold On
-
MLS number
PW25277836
Home ConditionPoor
Features
View-
About this home
Quiet tree-lined residential street in the Mayfair section of Lakewood. Excellent schools nearby: Intensive Learning Center, Stephen Foster Elementary and Mayfair High School all in the Bellflower Unified School District. The front house alone (3 bedroom, 2 full bath, remodeled kitchen) would be valued $800,000 as a single family residence in this area. Oversized (7480 square feet per Lakewood Planning and Zoning representative), irregular shaped lot lends itself to adding Many More Units. Please call Planning and Zoning with your questions/concerns for adding on. Currently 3 units: 3/2; 2/1; studio.
B
Beryl Henry
Listing Agent
Nearby schools
3/10
Captain Raymond Collins School
Public,•K-5•0.5mi
3/10
Craig Williams Elementary School
Public,•PK-6•0.6mi
7/10
Stephen Foster Elementary School
Public,•PK-6•0.6mi
5/10
Thomas Jefferson Elementary School
Public,•PK-6•1.4mi
6/10
Esther Lindstrom Elementary School
Public,•PK-6•1.8mi
6/10
Gompers K-8
Public,•K-8•1.2mi
7/10
Bancroft Middle School
Public,•6-8•1.7mi
4/10
Leona Jackson School
Public,•4-8•2.4mi
/10
Buena Vista High School
Public,•9-12•0.5mi
6/10
Mayfair High School
Public,•7-12•1.4mi
5/10
Lakewood High School
Public,•9-12•1.9mi
5/10
Paramount High School
Public,•9-12•2.9mi
Condition Rating
Poor
The property, built in 1946, is a triplex with varying conditions across units. While the main unit's kitchen is described as 'remodeled' and appears to have been updated approximately 15-25 years ago (oak cabinets, white appliances, recessed lighting), the overall style is now dated. The bathrooms are basic and show signs of age. Crucially, images of a secondary unit reveal a very old kitchen with light green painted cabinets, tiled countertops, and a broken cabinet door, indicating a renovation timeframe of 40-50+ years ago and requiring substantial repairs. The presence of outdated carpets and light fixtures throughout, combined with the property's significant age and the neglected state of at least one unit, points to a need for considerable rehabilitation beyond minor updates.
Pros & Cons
Pros
Income-Generating Triplex: The property is an established residential income triplex, currently comprising three units (3/2, 2/1, studio), providing immediate rental revenue.
Significant Development Potential: An oversized, irregular 7480 sqft lot offers substantial potential for adding more units, as confirmed by local planning and zoning, presenting a strong future value-add opportunity.
Desirable Location: Situated on a quiet, tree-lined residential street in the sought-after Mayfair section of Lakewood, enhancing its appeal to tenants and owners.
Excellent School District: Located within the highly-regarded Bellflower Unified School District, with several excellent elementary and high schools nearby, making it attractive to families.
Remodeled Main Unit Kitchen: The front 3-bedroom, 2-bath unit features a remodeled kitchen, contributing to its modern appeal and potential for higher rental income or owner occupancy.
Cons
Age of Property: Built in 1946, the property likely has aging infrastructure and systems that may require significant maintenance, repairs, or upgrades beyond the noted kitchen remodel.
Development Due Diligence Required: While there is potential for adding units, the description explicitly states that extensive buyer due diligence with Planning and Zoning is required, indicating a potentially complex and costly approval process.
Unspecified Condition of Secondary Units: Details on the condition or recent updates of the 2/1 unit and the studio are not provided, suggesting these units may require renovation to maximize their rental value or tenant appeal.