216th Street Property

11556 E. 216th St. | Lakewood, CA

The 216th Street apartments is a prime multi-family investment opportunity located in the high rental demand city of Lakewood. This unique property boasts large two bedroom townhouse style units accompanied by a three bedroom front unit. There is ample parking consisting of carports and open spaces in conjunction with plenty of street parking. This is a great opportunity for an investor to take advantage of the tight rental market Lakewood has to offer.

Units:16
Year Built:1971
Price:$2,625,000
Down Payment:$918,750 (35%)
Per Unit Price:$164,062
Per Square Foot Price:$149
GRM:10.34
Cap Rate:5.7%
Cash Flow:$150,922
Mix:2BR+1 1/2BA;THse(15), 3BR+2BA(1)

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