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5734 Rocket Street

Lakewood, CA 90713
  • $815,000
  • STATUS: Active Under Contract
  • ON SITE: 24 Days
  • ID#: PW21215360
Under Contract
$815,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1944
County:

School Ratings & Info

Description

We are pleased to present a well maintained apartment community in Lakewood CA. This has an exceptional unit mix of two 2 bedroom units - one of which has 2 bathrooms. There is significant upside in rents with no municipal rent control, and the property is situated on an oversized lot. There is potential to build up to two units on the lot to make the property a 4plex. It is rare to have the opportunity to purchase an income property in such a desirable neighborhood for under $1M.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/121875998
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5734 Rocket Street Lakewood, CA 90713

  • Price: $815,000
  • Status: Active Under Contract
  • ID#: PW21215360
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1944
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
We are pleased to present a well maintained apartment community in Lakewood CA. This has an exceptional unit mix of two 2 bedroom units - one of which has 2 bathrooms. There is significant upside in rents with no municipal rent control, and the property is situated on an oversized lot. There is potential to build up to two units on the lot to make the property a 4plex. It is rare to have the opportunity to purchase an income property in such a desirable neighborhood for under $1M.
Exterior Features

Lot Features Cul-De-Sac Number Of Separate Electric Meters 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features BikingCurbsGolfParkStreet LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 26400 Gross Scheduled Income 26400 Insurance Expense 797 Laundry Features Washer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 13070 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 12537 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 450 Water Sewer Expense 450 Water Source Public Zoning Lkmfr*

Listing provided courtesy of Shane Young of Dan Lewin, Broker


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101