5250 Hayter Ave, Lakewood, CA 90712-2332

This two-story, 6-unit apartment building in Lakewood, CA, offers a compelling investment opportunity. The property, built in 1978, boasts 6,142 square feet on a 0.25-acre lot and features a desirable mix of spacious two and three-bedroom units. Three-bedroom units include three full bathrooms, private patios and balconies, and in-unit laundry. Amenities include an on-site laundry facility and ample garage parking (8 spaces). Select units offer private patios or balconies. The property's stand-alone garage building presents potential for expansion, such as adding an accessory dwelling unit (ADU) to increase rental income. Its prime location is within walking distance of Lakewood Square and Holmes Elementary School, and just over 0.25 miles from the Lakewood Center, a large shopping mall with numerous restaurants and entertainment options. The proximity to Long Beach Airport (within 2 miles) further enhances its appeal. The current NOI is $95,944, with a pro-forma NOI of $143,717, resulting in a 4.43% cap rate and a pro-forma cap rate of 6.64%. The asking price is $2,165,000, or $360,833 per unit. The property is offered fee simple. Please note: Drive by only