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12350 104 &112 Del Amo BLVD Lakewood, CA 90715
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Key Details
Sold Price $452,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision East Lakewood (Elk)
MLS Listing ID PW14245089
Sold Date 01/20/15
Condo Fees $437
HOA Fees $437/mo
HOA Y/N Yes
Year Built 1971
Lot Size 14.000 Acres
Property Description
Incredible "Turn-Key" Investment Concept! Own part of a Large Luxury Apartment Complex! $436 HOA and $110 Management Fee (3.3%) Covers all of the expenses except Property Taxes! HOA pays for Water, Gas, Int/Ext Paint, Flooring, and Maintenance/Replacement of Appliances, Cabinets, Plumbing & Electrical, Air Conditioning!
Great "Economies of Scale" with 420 unit Luxury Complex! Fewer/Shorter Vacancies because Management can show your same model before your tenant is gone!
Luxuries Include: Pools, Spas, Clubhouse, and Newer Fitness Center!
Great Location: Walking distance to Cerritos Regional Park and ABC Schools.
Close to Cerritos Mall, Cerritos Town Center/Performing Arts, Long Beach Towne Center. Cool Ocean breeze!
Easy access to 605, 91, 5, 105, 405, 22, 710
Owner has upgraded with Granite Counters, Range/Oven/Microwave, Refrigerators with Ice/Water to fill vacancies even faster!
Go Online for more description: towne center cerritos
Last Public MLS Sale in 2006 for $450,000 with $34,260 Annual Scheduled Income. This Property produces over $40,000!
Owner is forced to sell.
Location
State CA
County Los Angeles
Area 26 - Lakewood East
Interior
Interior Features Built-in Features, Balcony, Granite Counters, Main Level Primary, Primary Suite
Heating Central
Cooling Central Air
Flooring Carpet, Tile
Fireplace No
Appliance Built-In Range, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned
Carport Spaces 1
Fence Wrought Iron
Pool Community, In Ground, Association
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Gated, Pool
Amenities Available Pool, Spa/Hot Tub
Total Parking Spaces 2
Private Pool Yes
Building
Lot Description 11-15 Units/Acre
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 7057005214
Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Resident Manager,Smoke Detector(s),Security Lights
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with David Chamberlain • Team Chamberlain Realty Exe.