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20702 Seine Ave, Lakewood, CA 90715
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20702 Seine Ave Lakewood, CA 90715

$2,350,000 Sold Price as of 05/06/2021
  • 15 Beds
  • 14 Baths
  • 8,326 Sq.Ft.
Sold
$2,350,000 Sold Price as of 05/06/2021 Refinance Your Mortgage
Map preview of 20702 Seine Ave, Lakewood, CA 90715

Property Overview: 20702 Seine Ave Lakewood, CA has 15 bedrooms, 14 bathrooms, 8,326 living square feet and 16,620 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A rare opportunity for an investor to enter the highly sought after Lakewood apartment market. Very few apartment buildings in Lakewood change hands due to the excellent rental market fundamentals/demographics of the area, which include an $89,469 median household income. Offered at a 4.12% cap rate and 15.01 GRM. Approximately 20% market rental proforma upside to a 5.38% cap rate and 12.55 GRM. The property is well located on a tree lined residential block in close proximity to Artesia High School, Willow Elementary School, and Palm Park & Community Center. Superior unit mix of six large two bedroom townhome style units plus a three bedroom house. Private patios/balconies. Individual water heaters. Full perimeter fencing/gating. Abundant on-site parking: 16 Parking Spaces (7 Garage + 8 Surface + 1 Guest). 3 Buildings, 8,326 Rentable Square Footage. 16,620 Square Foot Wrap-Around Corner Lot. 5 minute drive to both Los Cerritos Center AND Long Beach Towne Center. Convenient freeway access to the 91 and 605.

Listed by John Mociak | BRE #01708711 | Keller Williams Beach Cities
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
16,620
HOA Dues
$0/mo
Year built
1987
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB20262799
City
Lakewood
County
Los Angeles
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,170
  • Total Rent: $2,170
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,690
  • Total Rent: $1,690
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,640
  • Total Rent: $1,640
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.12%
  • Gross Rent Multiplier: 15.01
  • Gross Scheduled Income: $156,600
  • Net Operating Income: $96,719
  • Gross Operating Income: $151,956
  • Vacancy Allowance: $4,644
  • Laundry Income: $1,800
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $55,237
  • Electric: $630
  • Gas/Fuel: $1,470
  • New Taxes: $27,730
  • Trash: $3,000
  • Gardener: $1,800
  • Insurance: $2,997
  • Maintenance: $3,500
  • Professional Management: $7,740
  • Water/Sewer: $4,620
  • Other Expenses: $1,750
  • Other Expense Description: Reserves

Property Details for 20702 Seine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One, Two
  • Security Features: 24 Hour Security, Closed Circuit Camera(s), Gated Community, Security Lights
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Privacy
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Paved, Garage, Gated, Guest, On Site, Parking Space, Private, Uncovered
Lot Information
  • Lot Features: Corner Lot, Garden, Landscaped, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 7058019001
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: East Lakewood (ELK)
  • Directions: Just East of the 605 freway, South of Cerritos/Artesia, East of Pioneer Blvd, West of Norwalk Blvd, and North of Hawaiian Gardens.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Lakewood Agent

Sale History for 20702 Seine Ave

Last sold for $2,350,000 on May 6th, 2021

  • May, 2021

  • May 8, 2021

    Date

    Sold

    CRMLS: SB20262799

    $2,350,000

    Price

  • Mar 18, 2021

    Date

    Pending

    CRMLS: SB20262799

    $2,350,000

    Price

  • Mar 16, 2021

    Date

    Active Under Contract

    CRMLS: SB20262799

    $2,350,000

    Price

  • Dec 26, 2020

    Date

    Active

    CRMLS: SB20262799

    $2,350,000

    Price

  • May, 2015

  • May 15, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,790,000

    Price

  • August, 2008

  • Aug 28, 2008

    Date

    Sold (Public Records)

    Public Records

    $1,535,000

    Price

Show More

Tax History for 20702 Seine Ave

Assessed Value (2020): $1,970,596
Year Land Value Improved Value Assessed Value
2020 $868,158 $1,102,438 $1,970,596

Home Value Compared to the Market

This property vs the competition

20702 Seine Ave sold on May 6, 2021 for 176.47% 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 $282.25 per/sqft which puts the price per square foot 52.64% lower than the current median sale per square foot for the city of Lakewood.

About 20702 Seine Ave

Detailed summary of property

20702 Seine Ave is a multi family that recently sold in Lakewood, CA 90715. This multi family property offered 15 bedrooms, 14 bathrooms, roughly 8,326 living square feet, and sits on an approximately 16,620 square foot lot. 20702 Seine Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,350,000. 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 176.47% higher than the current median priced home. Local homes that are currently for sale include 268 Park Avenue, 337 Ximeno Ave and 337 Ximeno Ave. While the average home in Lakewood, CA is selling in 32 days, 20702 Seine Ave has a days on market of 62 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 20702 Seine Ave Lakewood, CA 90715 contact Ardent Real Estate Group and we will put you in touch with one of our Lakewood agents.

Public Facts for 20702 Seine Ave

Public county record property details
Beds
15
Baths
13
Year built
1987
Sq. Ft.
8,326
Lot Size
16,620
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
7058-019-001

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%)

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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.

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