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11932 207th St 19 Unit Apartment Building $8,750,000 ($460,526/Unit) 4.67% Cap Rate Lakewood, CA 90715
INVESTMENT HIGHLIGHTS
- Highly Desirable 2-Bed Townhomes with 2.5 Baths, Private Patios, In-Unit Laundry, an Individual Water Heater, Central AC/Heat, & Direct Access Garages
- Immediate Access to I-605 & SR-91 Connecting Residents to Popular Destinations Across Los Angeles and Orange Counties
- Desirable Property Amenities Including Gated Access with Call Box Entry, Ample Garage and Surface Parking (42 Total Spaces), and On-Site Laundry
- Optimal Lakewood Location Placing Residents in Close Proximity of Major Employers & Employment Hubs, as well as Parks, Schools, & Major Retail Centers
EXECUTIVE SUMMARY
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 11932 207th Street, 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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
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.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$620,412
|
$36.41
|
| Other Income |
$5,000
|
$0.29
|
| Vacancy Loss |
$18,612
|
$1.09
|
| Effective Gross Income |
$606,800
|
$35.61
|
| Taxes |
$99,603
|
$5.85
|
| Operating Expenses |
$98,942
|
$5.81
|
| Total Expenses |
$198,545
|
$11.65
|
| Net Operating Income |
$408,255
|
$23.96
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $620,412 |
| Annual Per SF | $36.41 |
| Other Income | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.29 |
| Vacancy Loss | |
|---|---|
| Annual | $18,612 |
| Annual Per SF | $1.09 |
| Effective Gross Income | |
|---|---|
| Annual | $606,800 |
| Annual Per SF | $35.61 |
| Taxes | |
|---|---|
| Annual | $99,603 |
| Annual Per SF | $5.85 |
| Operating Expenses | |
|---|---|
| Annual | $98,942 |
| Annual Per SF | $5.81 |
| Total Expenses | |
|---|---|
| Annual | $198,545 |
| Annual Per SF | $11.65 |
| Net Operating Income | |
|---|---|
| Annual | $408,255 |
| Annual Per SF | $23.96 |
PROPERTY FACTS
| Price | $8,750,000 | Apartment Style | Garden |
| Price Per Unit | $460,526 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.76 AC |
| Cap Rate | 4.67% | Building Size | 17,040 SF |
| Gross Rent Multiplier | 13.99 | No. Stories | 2 |
| No. Units | 19 | Year Built | 1990 |
| Property Type | Multifamily | Parking Ratio | 2.46/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MF | ||
| Price | $8,750,000 |
| Price Per Unit | $460,526 |
| Sale Type | Investment |
| Cap Rate | 4.67% |
| Gross Rent Multiplier | 13.99 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.76 AC |
| Building Size | 17,040 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Balcony
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Sprinkler System
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Picnic Area
- Gated
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 19 | - | 897 |
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PROPERTY TAXES
| Parcel Number | 7058-019-032 | Total Assessment | $7,803,000 |
| Land Assessment | $4,080,000 | Annual Taxes | $99,603 ($5.85/SF) |
| Improvements Assessment | $3,723,000 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
7058-019-032
Land Assessment
$4,080,000
Improvements Assessment
$3,723,000
Total Assessment
$7,803,000
Annual Taxes
$99,603 ($5.85/SF)
Tax Year
2025 Payable 2025
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11932 207th St
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