5250 Hayter Ave Lakewood, CA 90712-2332
- Apartment buildings
- 6,142 SF
- 0.25 lot acres
Feb 12, 2025
Current Use by Public Records
- Apartment buildings
Property Details for 5250 Hayter Ave
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 6,142 SF
- Zone code
- LKMFR*
- Property type
- Apartment buildings
- APN
- 7155-003-010
- APU
- 7155003010
Description
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
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,075,000
- ML approach
- $2,075,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,645,000
- 6.5%
- $1,520,000
- 7%
- $1,410,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,925,000 Current use
- AUTO REPAIR, GARAGE
- $2,840,000 Change: +47% Conversion: Difficult
- MEDICAL BUILDING
- $2,790,000 Change: +45% Conversion: Moderate
- OFFICE BUILDING
- $2,755,000 Change: +43% Conversion: Moderate
- RETAIL STORES
- $2,355,000 Change: +22% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,900,000 Change: -1% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.146
- Latitude
- 33.8535
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
