11932 207th Street is 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.
Listed by Tyler Leeson
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License #01451551
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Marcus & Millichap RE Invest
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tleeson@marcusmillichap.com
Last updated August 18, 2025
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Source: CRMLS #OC25185930
Listing Facts
TypeMulti-family
NeighborhoodEastern Lakewood
Days on Prevu93
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$8,750,000
10/21/2025
Status changed to Removed from Feed
$8,750,000
10/21/2025
Status changed to Active
$8,750,000
10/19/2025
Status changed to Removed from Feed
$8,750,000
10/18/2025
Status changed to Active
$8,750,000
10/16/2025
Status changed to Removed from Feed
$8,750,000
10/05/2025
Status changed to Active
$8,750,000
10/03/2025
Status changed to Removed from Feed
$8,750,000
09/21/2025
Status changed to Active
$8,750,000
09/20/2025
Status changed to Removed from Feed
$8,750,000
09/18/2025
Status changed to Active
$8,750,000
09/17/2025
Status changed to Removed from Feed
$8,750,000
09/12/2025
Status changed to Active
$8,750,000
09/06/2025
Status changed to Removed from Feed
$8,750,000
09/05/2025
Status changed to Active
$8,750,000
09/04/2025
Status changed to Removed from Feed
$8,750,000
08/18/2025
Listed by Marcus & Millichap RE Invest
$8,750,000
Property Details for 11932 207th Street
Association
Amenities
Community Features: Curbs, Gutter(s), Sidewalks
Exterior
Construction
Number Of Units Total: 19
Stories Total: 2
Year Built: 1990
Common Walls: No Common Walls
Entry Level: 1
Entry Location: First level
Measurements
Building Area Total: 17,040
Building Area Units: Square Feet
Lot Features: Street Level
Lot Size Acres: 0.75
Lot Size Area: 33,019
Lot Size Source: Assessor
Lot Size Square Feet: 33,019
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.67
Gross Income: $625,412.00
Operating Expense: $198,545.00
Taxes
Parcel Number: 7058019032
Other
Location
Tax Lot: 1
Parking
Parking
Garage Spaces: 38
Garage: Yes
Open Parking Spaces: 4
Parking Total: 42
Utilities
Equipment
Laundry Features: Common Area, Washer Hookup, Gas Dryer Hookup
Sewer: Public Sewer
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.