21511 Pioneer Boulevard, Lakewood, CA 90715

$4,075,000
List Price
$4,075,000
Status
ACTIVE
MLS#
PW22170202
Year Built
1988
Lot Size
16,993
Acres
0.3901
Lot Location
Rectangular Lot
Days on Market
9
Property Type
Multifamily
Neighborhood
East Lakewood (Elk)

Property Description

We are pleased to present the Pioneer Townhomes, a 9-unit apartment community in Lakewood. This building is being sold by the developer who has owned the property since it was constructed in 1988. The building comprises three 3BD/2.5BA, one 3BD/2BA, and five 2BD/2BA townhomes. Each unit has an attached 2-car garage, a balcony (most units), individual water heaters, in-unit laundry, and central air & heat. Six of the nine units have been heavily renovated with granite countertops, new kitchen cabinets, and vinyl wood flooring. In addition, all of the air conditioning units have been replaced, and the exterior has recently been painted. This is a well-kept asset that offers an investor the opportunity to purchase a 4.5% in-place cap with proven upside in rental income.

Additional Information

Pool Description
None
Garage Spaces Total
22
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
9
Gross Scheduled Income
$265,992
Operating Expense
72839

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Chris Keramati from Listing Office: Triqor Group

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.