$2,165,000
SOLD FEB 12, 2025

5250 Hayter Ave Lakewood, CA 90712

Lakewood Mutual Neighborhood
5 Beds
5 Baths
6,142 Sq Ft
0.25 Acres

Recently Sold

$352 Per Sq Ft

29 Days on Market

Highlights

  • 0.25 Acre Lot
  • Laundry Room
  • Level Lot
  • Holmes Elementary School Rated A-

About This Home

As of February 2025

Peach Tree is a 6-unit multifamily investment property located at 5250 Hayter Avenue in Lakewood, CA. 5250 Hayter Avenue offers a highly desirable mix of spacious two and three-bedroom floor plans. The three-bedroom unit features three full bathrooms, a private patio and balcony, in-unit laundry, and two-story, townhome construction. The property features amenities including an on-site laundry facility, ample garage parking, and private patios or balconies (select units). Additionally, Peach Trees’ stand-alone garage building provides new ownership with the opportunity to increase total unit count and rental income through the development of an accessory dwelling unit (ADU). 5250 Hayter Avenue has an attractive Lakewood location, situated within walking distance to Lakewood Square and Holmes Elementary School. Additionally, the property is just over 0.25 miles from the Lakewood Center, a power center featuring a collection of unparalleled shopping, restaurants, and entertainment options for tenants. Furthermore, Peach Tree is within 2 miles of the Long Beach airport, a major employment and housing driver for the area. The property’s ideal Lakewood location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Peach Tree.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 11/11/2024

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 11/11/2024

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1978

Lot Details

  • 0.25 Acre Lot
  • No Common Walls
  • Level Lot

Parking

  • 8 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,142 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 22251
  • Assessor Parcel Number 7155003010
  • $2,340 per year additional tax assessments

Community Details

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,639
  • Fuel Expense $1,639
  • Insurance Expense $5,035
  • Maintenance Expense $4,500
  • Other Expense $10,596
  • Trash Expense $1,639
  • Water Sewer Expense $1,639
  • New Taxes Expense $26,851
  • Operating Expense $53,538
  • Gross Income $153,938
  • Net Operating Income $95,944

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1978

Lot Details

0

Parking

8

Listing Details

  • CapRate: 4.43
  • Price Per Unit: 360833
  • Property Attached: No
  • Water Sewer Expenses: 1639.00
  • Zoning: LKMFR*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7155003010
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: First level
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 352.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1639.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 10890.00
  • Lot Size Acres: 0.2500

Multi Family

  • Electric Expense: 1639.00
  • Fuel Expense: 1639.00
  • Gross Income: 153938.00
  • Gross Multiplier: 14.06
  • Gross Operating Income: 144082.00
  • Gross Scheduled Income: 148538.00
  • Insurance Expense: 5035.00
  • Lot Size Area: 0.2500 Acres
  • Maintenance Expense: 4500.00
  • Net Operating Income: 95944.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 53538.00
  • Operating Expense Percent: 35.80
  • Other Expense: 10596.00
  • Other Expense Description: Misc
  • Other Income1: 5400.00
  • Other Income Description: Misc
  • Rent Control: No
  • Total Expenses: 53538.00
  • Vacancy Allowance: 4456
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 26851.00
  • Tax Census Tract: 5707.01
  • Tax Lot: 3
  • Tax Tract Number: 22251
  • TaxOtherAnnualAssessmentAmount: 2340.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2025 02/12/25 Sold $2,165,000 0.0% $352 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $2,165,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2025

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    144 Total Sales

    Tyler Leeson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24231682

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lakewood 90712 Lakewood Mutual

5250 Hayter Ave, Lakewood, CA

This home is located at 5250 Hayter Ave, Lakewood, CA 90712 and is currently priced at $2,165,000, approximately $352 per square foot. This property was built in 1978. 5250 Hayter Ave is a home located in Los Angeles County with nearby schools including Holmes Elementary School, Hoover Middle School, and Lakewood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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