11932 207Th St, Lakewood, CA 90715
Image 2 for 11932 207Th St, Lakewood, CA 90715
Image 3 for 11932 207Th St, Lakewood, CA 90715
View Photos

11932 207Th St Lakewood, CA 90715

$7,650,000 Sold Price as of 06/30/2023
  • 38 Beds
  • 47.5 Baths
  • 17,040 Sq.Ft.
Sold
$7,650,000 Sold Price as of 06/30/2023 Refinance Your Mortgage

Map preview of 11932 207Th St, Lakewood, CA 90715

Property Overview: 11932 207Th St Lakewood, CA has 38 bedrooms, 47.5 bathrooms, 17,040 living square feet and 33,105 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 11932 207th Street is a 19-unit multifamily investment property located in Lakewood, CA. Built in 1990, 11932 207th Street offers exclusively 2 bed/2.5 bath townhomes and amenities including garage, surface, and carport parking, gated access, private balconies, a barbeque area, and in-unit laundry hookups. 7 of the units have one balcony, 10 of the units have two balconies, and 2 of the units have an extra large balcony. Additionally, 12 of 19 units have undergone substantial renovations with upgrades including vinyl and carpet flooring, granite countertops, individual water heaters, and more. A new owner could potentially achieve substantial rental upside through the continuation of the in-place renovation plan. 11932 207th Street has an excellent Lakewood location, with convenient access to a plethora of retail, dining, and entertainment options at Los Cerritos Center and Long Beach Towne Center. Additionally, the property is within walking distance to all three levels of schooling. 11932 207th Street’s close proximity to Don Knabe Community Regional Park and El Dorado Nature Center places residents moments from a variety of outdoor activities. The property benefits from its close proximity to Interstate 605, connecting residents to employment hubs throughout Los Angeles County.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 9 minutes ago | Last updated: June 30th, 2023 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
33,105
HOA Dues
$0/mo
Year built
1990
Garage
38 Car
Property Type:
Apartment
Status
Sold
MLS#
OC23050849
City
Lakewood
County
Los Angeles
Time on Site
409 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 4
  • # of Leased Units: 19
  • # of Electric Meters: 19
  • # of Gas Meters: 19
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 12
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $16,542
  • Total Rent: $16,542
  • Pro Forma/Market Rent: $19,565
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 12
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,800
  • Total Rent: $4,800
  • Pro Forma/Market Rent: $5,990
Unit Breakdown 3
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 14
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $23,514
  • Total Rent: $23,514
  • Pro Forma/Market Rent: $28,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $538,272
  • Net Operating Income: $350,410
  • Gross Operating Income: $526,624
  • Vacancy Allowance: $16,148
  • Other Income 1: $4,500
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $176,214
  • Electric: $4,997
  • Gas/Fuel: $4,997
  • New Taxes: $93,771
  • Trash: $4,997
  • Insurance: $8,191
  • Maintenance: $10,000
  • Professional Management: $18,432
  • Water/Sewer: $4,997
  • Other Expenses: $25,832
  • Other Expense Description: Misc

Property Details for 11932 207Th St

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 38
  • # of Parking Spaces: 42
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 19
  • Parcel Number: 7058019032
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: 207th Street & Elaine Avenue
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Lakewood Agent

Loading...

Sale History for 11932 207Th St

Last sold for $7,650,000 on June 30th, 2023
  • June, 2023

  • Jun 30, 2023

    Date

    Sold

    CRMLS: OC23050849

    $7,650,000

    Price

  • Mar 29, 2023

    Date

    Active

    CRMLS: OC23050849

    $8,325,000

    Price

  • December, 2016

  • Dec 1, 2016

    Date

    Sold (Public Records)

    Public Records

    $5,500,000

    Price

  • November, 2004

  • Nov 12, 2004

    Date

    Sold (Public Records)

    Public Records

    $3,750,000

    Price

Show More

Tax History for 11932 207Th St

Assessed Value (2020): $5,889,703
Year Land Value Improved Value Assessed Value
2020 $2,355,881 $3,533,822 $5,889,703

Home Value Compared to the Market

This property vs the competition

11932 207Th St sold on June 30, 2023 for 879.41% higher than the current median sold price for the city of Lakewood which is $850,000. The median sold price per/sqft for Lakewood is $596 and this home is sold at $488.56 per/sqft which puts the price per square foot 18.03% lower than the current median sale per square foot for the city of Lakewood.

About 11932 207Th St

Detailed summary of property

11932 207Th St is a apartment that recently sold in Lakewood, CA 90715. This apartment offered 38 bedrooms, 47.5 bathrooms, roughly 17,040 living square feet, and sits on an approximately 33,105 square foot lot. 11932 207Th St was first listed on ArdentRealEstateGroup.com on March 29, 2023. The homeowner sold the property for $7,650,000. Home in Lakewood are selling for a median price of $850,000 and a median price per square foot of $596. Based on Ardent Real Estate Group's Lakewood Market Data, this home is sold 879.41% higher than the current median priced home. Local homes that are currently for sale include 846 N Alta Vista Blvd, 1429 S Bedford St and 3704 Glendon Ave. While the average home in Lakewood, CA is selling in 32 days, 11932 207Th St has a days on market of 33 days. There are currently 95 homes for sale in the Lakewood real estate market and 90 of them are single family homes while 3 of them are condos and 2 are townhomes. For more information on this home for sale at 11932 207Th St Lakewood, CA 90715 contact Ardent Real Estate Group and we will put you in touch with one of our Lakewood agents.

Public Facts for 11932 207Th St

Public county record property details
Beds
--
Baths
--
Year built
1990
Sq. Ft.
17,040
Lot Size
33,011
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7058-019-032

The source for these homes facts are from public records.

90715 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$718
Median Sold Price
$770,000
Median Sold Price/Sq.Ft.
$554
Total Inventory
13
Median Sale to List Price %
100.13%
Avg Days on Market
30
Loan Type
Conventional (88.89%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.