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21511 Pioneer Boulevard

Lakewood, CA 90715
  • $4,075,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: PW22170202
UPDATED: 77 min ago
$4,075,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1988
County:

School Ratings & Info

Listing Agent(s): Chris Keramati of Triqor Group (949-756-3232)


Description

We are pleased to present the Pioneer Townhomes, a 9-unit apartment community in Lakewood. This building is being sold by the developer who has owned the property since it was constructed in 1988. The building comprises three 3BD/2.5BA, one 3BD/2BA, and five 2BD/2BA townhomes. Each unit has an attached 2-car garage, a balcony (most units), individual water heaters, in-unit laundry, and central air & heat. Six of the nine units have been heavily renovated with granite countertops, new kitchen cabinets, and vinyl wood flooring. In addition, all of the air conditioning units have been replaced, and the exterior has recently been painted. This is a well-kept asset that offers an investor the opportunity to purchase a 4.5% in-place cap with proven upside in rental income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T16:29:24.007. 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 Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131532233
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21511 Pioneer Boulevard Lakewood, CA 90715

  • Price: $4,075,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 77 min ago
  • ID#: PW22170202
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1988
Built
Neighborhood:
East Lakewood (Elk)
County:
Los Angeles
Area:
26 - Lakewood East
Property Description
We are pleased to present the Pioneer Townhomes, a 9-unit apartment community in Lakewood. This building is being sold by the developer who has owned the property since it was constructed in 1988. The building comprises three 3BD/2.5BA, one 3BD/2BA, and five 2BD/2BA townhomes. Each unit has an attached 2-car garage, a balcony (most units), individual water heaters, in-unit laundry, and central air & heat. Six of the nine units have been heavily renovated with granite countertops, new kitchen cabinets, and vinyl wood flooring. In addition, all of the air conditioning units have been replaced, and the exterior has recently been painted. This is a well-kept asset that offers an investor the opportunity to purchase a 4.5% in-place cap with proven upside in rental income.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 9 Parking Total 22 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 265992 Gross Scheduled Income 265992 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 185174 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 0 Operating Expense 72839 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lkmfr*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T16:29:24.007. 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 Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Chris Keramati of Triqor Group (949-756-3232)