4506 Hedda St - Apartments FOR SALE


Lakewood, CA 90712
$2,100,000 USD
916-730-3846
4506 Hedda St, Lakewood, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/116
null | Request Cap Rate

4506 Hedda St
Lakewood, CA 90712


HIGHLIGHTS

  • Just Like New
  • 3 Individual Units
  • Main House is perfect for an owner occupant.

OVERVIEW

Located on the SE corner, this newly constructed multi-unit property in Lakewood offers an ideal blend of versatility, space, and modern living. This fully permitted, high-quality, new construction build consists of 3 new dwellings on a 5,364 SF Corner Lot. The main residence was completely rebuilt from the studs up and includes a total of 3 bathrooms and 3 bedrooms in a two-story dwelling (one bedroom & bathroom are located on the ground floor level) in 1,353 livable square feet. The remaining two are adjacent. Each unit is a self-contained structure with 3 bedrooms and 2 bathrooms, spanning 1,047 LSF. These units are complete with a full kitchen, dining/living areas, and a separate enclosure for stackable laundry appliances. Unit #1 is a ground-level unit with a covered front porch (102 sq ft not included in total), while Unit #2 occupies the second floor and includes a private balcony (80 sq ft not included). With 9-foot ceilings throughout, all units feel spacious. There are no shared walls. Other new features include high-quality waterproof luxury vinyl plank flooring, new insulation, 5/8” drywall, new stucco, new dual-pane windows, a new roof, new copper plumbing, and new fixtures in all bathrooms and kitchens, with on-demand tankless water heaters, and new electrical systems, including multi-zoned HVAC for indoor climate control. New quartz countertops and genuine travertine tiles in the bathrooms, with new stainless steel appliances and quartz countertops in all kitchen areas. Decorative wrought iron custom hand railings are used throughout. The front driveway provides 3 large parking spaces on-site, and ample street parking is available. The main residence includes a new fence enclosing a private side yard area with newly laid sod. Additional new landscaping is provided in the front yard, including the parkway, supported by a newly installed automatic timed irrigation system. The area features Marathon Sod, custom-designed planters with flowers and ferns, and two large fruit-bearing citrus trees. Investors will enjoy strong pro forma cash flow potential with a pro forma GRM of 13 or better, with room for future annual appreciation for long-term capital gains. All water, gas, and electric utilities are separately metered for ease of management. This triplex Property is also an excellent solution for extended families that prefer living together nearby for childcare or elder care reasons. Listing Courtesy of Kelly Conley eXp Realty State License 02034696

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$609 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,050,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakewood 3 units New Build

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-2

APN/PARCEL ID

7168-010-001

ASK ABOUT THIS PROPERTY

Ron BenningRon BenningMore Info
916-730-3846

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Ron BenningRon BenningMore Info
916-730-3846

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