
Lakewood, California 90713
This property presents a High-Potential Investment Opportunity with a List Price of $899,900—positioned above the $858,727 Fair Market Value. While the home requires a full interior rehab due to its Fair Condition Rating, the Rare Basement Utility and ADU Potential provide significant value-add opportunities. Located in the desirable Lakewood Park neighborhood near top-rated schools like Bancroft Middle, this asset offers a unique canvas for modernization. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants looking to build long-term equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6129 Greenmeadow Subject | $899,900* List Price | 4 | 2 | 1,630 | $527 | - |
A 4214 Carfax Avenue Sold | $855,000 | 4 | 2 | 1,467 | $583 | 0.2 mi |
B 4429 Ladoga Sold | $900,000 | 3 | 2 | 1,633 | $551 | 0.6 mi |
C 6112 Freckles Sold | $635,000 | 3 | 1 | 1,076 | $590 | 0.1 mi |
D 4518 Albury Sold | $820,000 | 2 | 1 | 1,288 | $637 | 0.6 mi |
E 4335 Knoxville Sold | $887,000 | 3 | 2 | 1,426 | $622 | 0.5 mi |
F 4759 Mcnab Sold | $821,000 | 2 | 1 | 1,224 | $671 | 0.8 mi |
G 4523 Knoxville Sold | $806,000 | 2 | 1 | 1,126 | $716 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and offered for the first time in over 50 years, the property is in original or significantly dated condition. The interior features 1970s-era wood paneling, green and red carpeting, popcorn ceilings, and highly outdated floral wallpaper in the bathrooms. While the home appears clean and functional, the kitchen and baths are well beyond their 30-50 year life cycle, necessitating a full interior rehab and likely system updates.
The property features a rare and spacious basement that provides exceptional flexibility for a home gym, workshop, or additional storage, a highly unique asset for the Lakewood area.
With a flexible floor plan including a large rear bedroom and the ability to easily re-convert rooms, the home accommodates multi-generational living or home office needs, plus ADU potential in the backyard.
Situated in the sought-after Lakewood Park area, the home offers excellent proximity to local parks, schools, and major freeway access, ensuring long-term lifestyle convenience.
Offered for the first time in over 50 years and built in 1950, the property likely requires modernization of systems and finishes to align with contemporary buyer preferences.
The 4,801-square-foot lot is relatively compact for a four-bedroom residence, which may limit outdoor space if a detached ADU is pursued.
Welcome to a wonderful neighborhood filled with timeless charm! Lovingly held by the original owners for more than 75 years, this special home retains its authentic mid-century character and timeless appeal. This home features an exceptionally flexible floor plan designed to accommodate a variety of lifestyles. The front bedroom is ideal for guests or a home office, while the oversized rear bedroom offers plenty of room for larger furniture, a desk or exercise equipment. Bedrooms three and four have been combined to create one spacious bedroom and could easily be converted back into two separate rooms. The inviting eat-in kitchen features custom bench seating and a large table—perfect for holiday meals, special occasions and everyday gatherings. Lots of counter and cabinet space, double oven and a large center island. The true difference-maker is the rare and spacious basement. Freshly painted, clean and ready to use, it offers outstanding possibilities for storage, a home gym, workshop, creative studio, game room or the ultimate man cave. Homes in this price range rarely offer this much additional usable space and flexibility. Lots of natural light due to the open floorplan. The backyard offers the perfect blend of grass for play and hardscape for outdoor seating and a barbecue. The covered patio creates an inviting setting for outdoor meals and gatherings with friends and family. Real ADU Potential. Ideally located in the desirable Lakewood Park neighborhood near Del Valle “Airplane” Park, Heartwell Park, shopping, dining, schools and everyday conveniences. Enjoy easy access to Lakewood Center, Long Beach Towne Center and the 605, 91 and 405 freeways.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades PK-6 • 2.0 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,630 | 1,350.518 |
| Lot Size | 4,801 | 5,208.598 |
| Price | $899.9K | $904.0K |
| Price per sq ft | $552 | $669 |
| Built year | 1950 | 1952 |
| HOA | $0 | $404 |
| Days on market | 26 | 44 |
Aug 14, 2026
$899,900
Initial Listing