Rare Lakewood Fourplex - Turnkey Investment Opportunity
Pride of ownership 4-unit property on an oversized 10,510 sq ft lot. Unit mix: (3) 2BD/1BA + (1) 2BD+bonus/1BA totaling 3,120 sq ft. Each unit features a private garage and in-unit laundry. Property includes 4 additional parking spaces, fenced yard, courtyard BBQ area with stack-stone landscaping. Recent upgrades: new roof (2025) right building, New roof left side structures in 2019, Main water line replaced to each unit 2017, fresh exterior paint. Fully occupied with quality long-term tenants. Separately metered gas/electric, owner pays water. Investment Metrics: $97,980 gross income, $69,404 NOI, 4.08% cap rate. Immediate cash flow with upside potential in prime Lakewood location.
Listed by Philip DeMatteo
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License #01384378
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First Team Real Estate
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562-254-6883
Last updated November 13, 2025
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Source: CRMLS #PW25162914
Listing Facts
TypeMulti-family
NeighborhoodEastern Lakewood
Days on Prevu116
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$1,699,000
10/22/2025
Status changed to Removed from Feed
$1,699,000
10/18/2025
Status changed to Active
$1,699,000
10/16/2025
Status changed to Removed from Feed
$1,699,000
10/05/2025
Status changed to Active
$1,699,000
10/03/2025
Status changed to Removed from Feed
$1,699,000
09/20/2025
Status changed to Active
$1,699,000
09/19/2025
Status changed to Removed from Feed
$1,699,000
09/18/2025
Status changed to Active
$1,699,000
09/17/2025
Status changed to Removed from Feed
$1,699,000
09/16/2025
Status changed to Active
$1,699,000
09/14/2025
Status changed to Removed from Feed
$1,699,000
09/12/2025
Status changed to Active
$1,699,000
09/05/2025
Status changed to Removed from Feed
$1,699,000
09/05/2025
Status changed to Active
$1,699,000
09/04/2025
Status changed to Removed from Feed
$1,699,000
09/01/2025
Status changed to Active
$1,699,000
08/29/2025
Status changed to Removed from Feed
$1,699,000
07/26/2025
Listed by First Team Real Estate
$1,699,000
Property Details for 11609 208th Street
Association
Amenities
Community Features: Street Lights, Sidewalks
Exterior
Construction
Number Of Units Total: 4
Property Condition: Fixer
Roof: Composition, Shingle
Stories: 1
Stories Total: 1
Year Built: 1947
Architectural Style: Traditional
Common Walls: No Common Walls
Construction Materials: Drywall, Stucco
Entry Level: 1
Entry Location: Front
Features
Fencing: Block
Road Frontage Type: City Street
View: Neighborhood
Measurements
Building Area Total: 3,120
Building Area Units: Square Feet
Lot Features: Cul-De-Sac
Lot Size Acres: 0.24
Lot Size Area: 10,510
Lot Size Source: Assessor
Lot Size Square Feet: 10,510
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.08
Gross Income: $97,980.00
Operating Expense: $8,188.00
Taxes
Parcel Number: 7059014014
Interior
Features
Appliances: Gas Range, Refrigerator
Interior Features: Granite Counters, All Bedrooms Down
Other
Location
Tax Lot: 180
Parking
Parking
Carport Spaces: 4
Carport: Yes
Garage Spaces: 4
Garage: Yes
Parking Features: Garage, On Site
Parking Total: 8
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Has Cooling: Yes
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Inside
Sewer: Public Sewer,Sewer Tap Paid
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.