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20601 Seine Ave 15 Unit Apartment Building $6,400,000 ($426,667/Unit) 5.05% Cap Rate Lakewood, CA 90715
Investment Highlights
- Desirable Mix of Large 2-Bedroom Townhomes w/ Individual Water, Gas, & Electric Meters
- Central A/C; Attached Two-Car Garages; Balconies; In-Unit Washer/Dryer Hookups
- Excellent Lakewood Location Near Long Beach Towne Center; Adjacent to Artesia High School
- First Time on Market; Developed & Constructed by Current Owner in 2003
- Over a 6% Cap Rate on Market Rents
- Almost All Units are Eligible for Immediate Rent Increases
Property Facts
| Price | $6,400,000 | Property Subtype | Apartment |
| Price Per Unit | $426,667 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.05% | Lot Size | 0.58 AC |
| Gross Rent Multiplier | 13.86 | Building Size | 14,680 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2003 |
| Zoning | LKMFR* - Multi-Family-Residential | ||
| Price | $6,400,000 |
| Price Per Unit | $426,667 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 13.86 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 14,680 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Zoning | LKMFR* - Multi-Family-Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | $2,462 | 907 |
| 2+2 | 8 | $2,514 | 949 |
| 2+2.5 | 4 | $2,600 | 926 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7058-012-029 | Improvements Assessment | $1,362,761 |
| Land Assessment | $285,007 | Total Assessment | $1,647,768 |
Property Taxes
Parcel Number
7058-012-029
Land Assessment
$285,007
Improvements Assessment
$1,362,761
Total Assessment
$1,647,768
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20601 Seine Ave
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