Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
146 Total Sales
11932 207th St Lakewood, CA 90715
Eastern Lakewood Neighborhood
6
Beds
9
Baths
17,040
Sq Ft
0.76
Acres
Highlights
- 0.76 Acre Lot
- Laundry Room
- Level Lot
- Artesia High School Rated A-
About This Home
As of June 202311932 207th Street is a 19-unit multifamily investment property located in Lakewood, CA. Built in 1990, 11932 207th Street offers exclusively 2 bed/2.5 bath townhomes and amenities including garage, surface, and carport parking, gated access, private balconies, a barbeque area, and in-unit laundry hookups. 7 of the units have one balcony, 10 of the units have two balconies, and 2 of the units have an extra large balcony. Additionally, 12 of 19 units have undergone substantial renovations with upgrades including vinyl and carpet flooring, granite countertops, individual water heaters, and more. A new owner could potentially achieve substantial rental upside through the continuation of the in-place renovation plan. 11932 207th Street has an excellent Lakewood location, with convenient access to a plethora of retail, dining, and entertainment options at Los Cerritos Center and Long Beach Towne Center. Additionally, the property is within walking distance to all three levels of schooling. 11932 207th Street’s close proximity to Don Knabe Community Regional Park and El Dorado Nature Center places residents moments from a variety of outdoor activities. The property benefits from its close proximity to Interstate 605, connecting residents to employment hubs throughout Los Angeles County.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 03/29/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1990
Lot Details
- 0.76 Acre Lot
- No Common Walls
- Level Lot
Parking
- 4 Open Parking Spaces
- 38 Car Garage
Interior Spaces
- 17,040 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 555105
- Assessor Parcel Number 7058019032
- $5,732 per year additional tax assessments
Community Details
Overview
- 4 Buildings
- 19 Units
Building Details
- 19 Leased Units
- Rent Control
- 19 Separate Electric Meters
- 19 Separate Gas Meters
- Electric Expense $4,997
- Fuel Expense $4,997
- Insurance Expense $8,191
- Maintenance Expense $10,000
- Other Expense $25,832
- Professional Management Expense $18,432
- Trash Expense $4,997
- Water Sewer Expense $4,997
- New Taxes Expense $93,771
- Operating Expense $176,214
- Gross Income $542,772
- Net Operating Income $350,410
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2023 06/30/23 | Sold | $7,650,000 | -8.1% | $449 / Sq Ft |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- |
| 03/29/2023 03/29/23 | For Sale | $8,325,000 | -- | $489 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Leeson
-
Matthew Hoyt
Buyer's Agent in 2023
Matthew Hoyt
Hoyt Real Estate, Inc.
(949) 283-1696
1 in this area
40 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23050849
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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