21511 Pioneer Blvd, Lakewood, CA 90715
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21511 Pioneer Blvd Lakewood, CA 90715

$3,930,000 Sold Price as of 09/15/2022
  • 22 Beds
  • 19.5 Baths
  • 9,770 Sq.Ft.
Sold
$3,930,000 Sold Price as of 09/15/2022 Refinance Your Mortgage

Map preview of 21511 Pioneer Blvd, Lakewood, CA 90715

Property Overview: 21511 Pioneer Blvd Lakewood, CA has 22 bedrooms, 19.5 bathrooms, 9,770 living square feet and 16,993 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Chris Keramati | BRE #01702116 | Triqor Group
Last checked: 13 minutes ago | Last updated: September 27th, 2022 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
16,993
HOA Dues
$0/mo
Year built
1988
Garage
22 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22170202
City
Lakewood
County
Los Angeles
Time on Site
656 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 2
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 10
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,397
  • Total Rent: $11,985
  • Pro Forma/Market Rent: $2,625
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 9
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,462
  • Total Rent: $7,386
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,795
  • Total Rent: $2,796
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $265,992
  • Net Operating Income: $185,174
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $72,839
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 21511 Pioneer Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 22
  • # of Parking Spaces: 22
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 7065023028
  • 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: Contact Agent
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 21511 Pioneer Blvd

Last sold for $3,930,000 on September 15th, 2022
  • September, 2022

  • Sep 15, 2022

    Date

    Sold

    CRMLS: PW22170202

    $3,930,000

    Price

  • Aug 2, 2022

    Date

    Active

    CRMLS: PW22170202

    $4,075,000

    Price

  • April, 1989

  • Apr 4, 1989

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 1987

  • Oct 1, 1987

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 21511 Pioneer Blvd

Assessed Value (2020): $490,034
Year Land Value Improved Value Assessed Value
2020 $250,269 $239,765 $490,034

Home Value Compared to the Market

This property vs the competition

21511 Pioneer Blvd sold on September 15, 2022 for 379.41% 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 $417.09 per/sqft which puts the price per square foot 30.02% lower than the current median sale per square foot for the city of Lakewood.

About 21511 Pioneer Blvd

Detailed summary of property

21511 Pioneer Blvd is a multi family that recently sold in Lakewood, CA 90715. This multi family property offered 22 bedrooms, 19.5 bathrooms, roughly 9,770 living square feet, and sits on an approximately 16,993 square foot lot. 21511 Pioneer Blvd was first listed on ArdentRealEstateGroup.com on August 2, 2022. The homeowner sold the property for $3,930,000. 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 379.41% higher than the current median priced home. Local homes that are currently for sale include 433 W 7th St, 7851 Glencoe Dr and 13716 Penn St. While the average home in Lakewood, CA is selling in 30 days, 21511 Pioneer Blvd has a days on market of 17 days. There are currently 97 homes for sale in the Lakewood real estate market and 94 of them are single family homes while 2 of them are condos and 1 are townhomes. For more information on this home for sale at 21511 Pioneer Blvd Lakewood, CA 90715 contact Ardent Real Estate Group and we will put you in touch with one of our Lakewood agents.

Public Facts for 21511 Pioneer Blvd

Public county record property details
Beds
7
Baths
3
Year built
1953
Sq. Ft.
2,654
Lot Size
16,993
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
7065-023-028

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
$799,900
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.