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26384438
26384439

11932 207th St, Lakewood, CA 90715

TL
CA CA 01451551
Marcus & Millichap - Orange County
NK
CA 02008945
Marcus & Millichap - Orange County
MK
CA 01364032
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$8,750,000
294 days on market
Updated 15 days ago

11932 207th Street

Details
APN 7058-019-032
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,040
Net Rentable (SqFt) 17,040
Units 19
Cap Rate 4.67%
NOI $408,255
Pro-Forma Cap Rate 5.41%
Pro-Forma NOI $473,786
Price per SqFt $514
Year Built 1990
Buildings 4
Stories 2
Acreage 0.760
Ownership Fee Simple

Multifamily | 19 Units | $460,526/unit

Marketing description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 11932 207th Street, a 19-unit multifamily investment opportunity located in the highly desirable rental market of Lakewood, California. Constructed in 1990, the property offers investors a unique chance to acquire a newer-vintage asset in a submarket with predominantly older housing stock.

Situated on a quiet residential street, the property consists of exclusively 2-bed/2.5-bath townhome-style units, each thoughtfully designed across two levels. Every unit features a private balcony (10 units feature 2 balconies), in-unit laundry connections, and an attached two-car garage with direct access, amenities that are rarely found in traditional apartment buildings and highly sought-after by renters seeking a more residential living experience. The building also includes surface parking, gated access with callbox entry, and on-site laundry, all of which enhance tenant retention and long-term income stability.

Located near key employment hubs, retail centers, and freeway access points, 11932 207th Street benefits from strong local demand and minimal competing inventory of newer construction in the immediate area. Residents enjoy convenient access to grocers (H Mart - 0.45 miles from the subject property), parks, and schools, including walkable access to Artesia High School.

This offering presents a rare opportunity to acquire a newer vintage, well-located asset with desirable townhome-style units and strong tenant appeal in one of Lakewood’s most sought-after rental neighborhoods.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

Investment highlights

» Highly Desirable 2-Bedroom Townhomes Each with 2.5 Bathrooms, Private Patios, In-Unit Laundry Hookups, an Individual Water Heater, Central Air and Heating, and 2-Car Garages with Direct Access

» Desirable Property Amenities Including Gated Access with Call Box Entry, Ample Garage and Surface Parking (42 Total Spaces), and On-Site Laundry

» Immediate Access to I-605 & SR-91 Connecting Residents to Popular Destinations Across Los Angeles and Orange Counties

» Optimal Lakewood Location Placing Residents in Close Proximity of Major Employers and Employment Hubs, as well as Parks, Schools, and Major Retail Centers

Listing Contacts

TL
CA CA 01451551
Marcus & Millichap - Orange County
NK
CA 02008945
Marcus & Millichap - Orange County
MK
CA 01364032
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$408,255.00
$34,021.25/mo

Valuation Metrics

0
DSCR
4.67%
Cap Rate
4.67%
ROI

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Additional Information

Name
Tyler Leeson
License
CA 01451551
Brokerage Phone
7147139086
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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