12350 Del Amo Boulevard,  Lakewood CA, 90715 (Residential Income)

1,834 sqft
Status: Sold
MLS#: PW14245089
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Last Updated: 12/8/2016 11:57 PM
Description for 12350 Del Amo Boulevard Lakewood, CA 90715
Incredible "Turn-Key" Investment Concept! Own part of a Large Luxury Apartment Complex! $436 HOA and $110 Management Fee (3.3%) Covers all of the expenses except Property Taxes! HOA pays for Water, Gas, Int/Ext Paint, Flooring, and Maintenance/Replacement of Appliances, Cabinets, Plumbing & Electrical, Air Conditioning! Great "Economies of Scale" with 420 unit Luxury Complex! Fewer/Shorter Vacancies because Management can show your same model before your tenant is gone! Luxuries Include: Pools, Spas, Clubhouse, and Newer Fitness Center! Great Location: Walking distance to Cerritos Regional Park and ABC Schools. Close to Cerritos Mall, Cerritos Town Center/Performing Arts, Long Beach Towne Center. Cool Ocean breeze! Easy access to 605, 91, 5, 105, 405, 22, 710 Owner has upgraded with Granite Counters, Range/Oven/Microwave, Refrigerators with Ice/Water to fill vacancies even faster! Go Online for more description: towne center cerritos Last Public MLS Sale in 2006 for $450,000 with $34,260 Annual Scheduled Income. This Property produces over $40,000! Owner is forced to sell.
Price
Sold Price:
$452,000
Sold Date:01/20/2015
Los Angeles
1,834 (approx)
PW14245089
Closed
Description
Incredible "Turn-Key" Investment Concept! Own part of a Large Luxury Apartment Complex! $436 HOA and $110 Management Fee (3.3%) Covers all of the expenses except Property Taxes! HOA pays for Water, Gas, Int/Ext Paint, Flooring, and Maintenance/Replacement of Appliances, Cabinets, Plumbing & Electrical, Air Conditioning! Great "Economies of Scale" with 420 unit Luxury Complex! Fewer/Shorter Vacancies because Management can show your same model before your tenant is gone! Luxuries Include: Pools, Spas, Clubhouse, and Newer Fitness Center! Great Location: Walking distance to Cerritos Regional Park and ABC Schools. Close to Cerritos Mall, Cerritos Town Center/Performing Arts, Long Beach Towne Center. Cool Ocean breeze! Easy access to 605, 91, 5, 105, 405, 22, 710 Owner has upgraded with Granite Counters, Range/Oven/Microwave, Refrigerators with Ice/Water to fill vacancies even faster! Go Online for more description: towne center cerritos Last Public MLS Sale in 2006 for $450,000 with $34,260 Annual Scheduled Income. This Property produces over $40,000! Owner is forced to sell.
Listing Information
Property Type: Cluster, 1 Story
14 Acres 1,834 (approx)
1971 1
Frame, Stucco
Public Water Service
2 Total
Neighborhood
Room Information
Living Room
Master Suite
Common
Interior Features
Range/Oven Built-in, Refrigerator, Carbon Monoxide Detector
Carpet Wall to Wall, Ceramic Tile
Central Air
Alarm -Smoke/Fire,
Granite Counter Top
Exterior / Lot Features
2 Parking Spaces, Assigned Parking Space
Stucco, Frame
Balcony
Pool
Community Pool, In-ground
Wrought Iron, Automatic Gate
Sidewalks, Street Lights, Security Lighting, Curbs Walk, Storm drains
Community Features
Community Spa, Community Pool
Driving Directions
From Bloomfield, go West on Del Amo. From Norwalk, go East on Del Amo
Financial Considerations
$437
7057005214
$40,380 Income ,$12,064Expense
Listing Price History

Lakewood Real Estate

Lakewood is located in California. Lakewood, California 90715 has a population of 80,213.

The median household income in Lakewood, California 90715 is $78,876. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Lakewood 90715 is 37.1 years.

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Courtesy: Team Chamberlain Realty Exe. David Chamberlain
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