Millman Team Real Estate

$1,699,000
0.24 Acre Lot

11609 208th Street, Lakewood, California 90715

  • Residential Income Property Type
  • Garage Cars Garage
  • 1947 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
PW25162914
$1,699,000
Neighborhood
1947
0.24 Acre
Active
Quadruplex
: Shingle, Composition
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: Block
: None
: Garage, On Site
: Traditional
4.0
: All Bedrooms Down, Granite Counters
: Inside
: Public Sewer, Sewer Tap Paid
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
$0
Appliances
: Gas Range, Refrigerator
Address Map
CA
Los Angeles
Lakewood
none
90715
208th
11609
Street
Cross Street is Pioneer Blvd, North of Centralia St.
28 - Lakewood City
LKMFR*
Additional Information
$0
$0
$0
$0
$0
3120
: Sidewalks, Street Lights
: Drywall, Stucco
1
: Slab
4.0
: One
: Cul-De-Sac
4
2025-07-26
1
1
: Public
Broker/Agent Information
First Team Real Estate
Philip DeMatteo
Listing Information
PDEMAPHI
PB4438
Cash,Cash to New Loan,Conventional
Active
2025-08-06T04:08:55Z
CRMLS
: Standard
2025-07-26T00:31:04Z
Agent info
Ray Millman
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