Rare Lakewood Fourplex – Turnkey Investment Opportunity
Pride of ownership 4-unit property on an oversized 10,498 sq ft lot. Unit mix: (3) 2BD/1BA + (1) 2BD+bonus/1BA totaling 3,120 sq ft. Each unit features a private garage and in-unit laundry. Property includes 4 additional parking spaces, fenced yard, courtyard BBQ area with stack-stone landscaping. Recent upgrades: new roof (2025) right building, New roof left side structures in 2019, Main water line replaced to each unit 2017, fresh exterior paint. Fully occupied with quality long-term tenants. Separately metered gas/electric, owner pays water. Investment Metrics: $97,980 gross income, $69,404 NOI, 4.08% cap rate. Immediate cash flow with upside potential in prime Lakewood location.
Pride of ownership 4-unit property on an oversized 10,498 sq ft lot. Unit mix: (3) 2BD/1BA + (1) 2BD+bonus/1BA totaling 3,120 sq ft. Each unit features a private garage and in-unit laundry. Property includes 4 additional parking spaces, fenced yard, courtyard BBQ area with stack-stone landscaping. Recent upgrades: new roof (2025) right building, New roof left side structures in 2019, Main water line replaced to each unit 2017, fresh exterior paint. Fully occupied with quality long-term tenants. Separately metered gas/electric, owner pays water. Investment Metrics: $97,980 gross income, $69,404 NOI, 4.08% cap rate. Immediate cash flow with upside potential in prime Lakewood location.
Property Details
Price:
$1,699,000
MLS #:
PW25162914
Status:
Active
Baths:
0
Address:
11609 208th Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
28lakewoodcity
City:
Lakewood
Listed Date:
Jun 5, 2025
State:
CA
ZIP:
90715
Lot Size:
10,510 sqft / 0.24 acres (approx)
Year Built:
1947
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Schools
Interior
Appliances
Gas Range, Refrigerator
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Laundry Features
Inside
Exterior
Architectural Style
Traditional
Community Features
Sidewalks, Street Lights
Construction Materials
Drywall Walls, Stucco
Parking Features
Garage, On Site
Parking Spots
8.00
Roof
Composition, Shingle
Financial
Map
Community
- Address11609 208th Street Lakewood CA
- Area28 – Lakewood City
- CityLakewood
- CountyLos Angeles
- Zip Code90715
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Courtesy of First Team Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.11609 208th Street
Lakewood, CA
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