4332 Andy St - Apartments FOR SALE


Lakewood, CA 90712
$1,485,000 USD
310-463-2916
4332 Andy St, Lakewood, CA for Sale
$1,485,000 USD
Apartments - FOR SALE
1/18
null | 5.31% Cap Rate

4332 Andy St
Lakewood, CA 90712


HIGHLIGHTS

  • $160K in Capital Improvements, Inc. New Windows, New Re-Plumbing, New Drain Lines
  • Completely Renovated Units - New Flooring, Cabinets, Countertops, Stainless Steel Appliances, Lighting Fixtures & Tub/Showers
  • New Exterior & Interior Paint; All New Landscaping & Fencing
  • 100% 2BD/1BA Units; Designated Washer/Dryer for Each Unit
  • Private Yards with Lush Landscaping
  • 3 Garages with ADU Potential (buyer to verify)

OVERVIEW

This turnkey triplex presents a rare opportunity to acquire a fully renovated, low-maintenance multifamily asset in the highly desirable Lakewood submarket. Comprised of three spacious two-bedroom/one-bath units, the property has undergone approximately $160,000 in recent capital improvements, including comprehensive plumbing upgrades, new drain lines, dual-pane windows, fully renovated interiors with new fixtures, appliances, and tub/shower surrounds, as well as fresh interior and exterior paint, new landscaping, and perimeter fencing. Designed for operational efficiency and tenant appeal, each residence features its own washer and dryer, while three garages provide valuable parking and offer potential for a future ADU conversion (buyer to verify). With strong in-place cash flow, and virtually no near-term capital requirements, the property offers an attractive combination of stable income, long-term appreciation potential, and additional upside through future development.

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$619 USD /SF

# OF UNITS

3

PRICE/UNIT

$495,000

CAP RATE

5.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,052 SF

ZONING

LKMFR*

APN/PARCEL ID

7168-001-005

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.