5250 Hayter Avenue, Lakewood, CA 90712

$2,165,000

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Sold Price
$2,165,000
List Price
$2,165,000
Closing Date
Feb 12, 2025
Status
CLOSED
MLS#
OC24231682
Year Built
1978
Lot Size
10,890
Acres
0.25
Lot Location
Street Level
Days on Market
28
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Peach Tree is a 6-unit multifamily investment property located at 5250 Hayter Avenue in Lakewood, CA. 5250 Hayter Avenue offers a highly desirable mix of spacious two and three-bedroom floor plans. The three-bedroom unit features three full bathrooms, a private patio and balcony, in-unit laundry, and two-story, townhome construction. The property features amenities including an on-site laundry facility, ample garage parking, and private patios or balconies (select units). Additionally, Peach Trees’ stand-alone garage building provides new ownership with the opportunity to increase total unit count and rental income through the development of an accessory dwelling unit (ADU). 5250 Hayter Avenue has an attractive Lakewood location, situated within walking distance to Lakewood Square and Holmes Elementary School. Additionally, the property is just over 0.25 miles from the Lakewood Center, a power center featuring a collection of unparalleled shopping, restaurants, and entertainment options for tenants. Furthermore, Peach Tree is within 2 miles of the Long Beach airport, a major employment and housing driver for the area. The property’s ideal Lakewood location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Peach Tree.

Additional Information

Pool Description
None
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$148,538
Operating Expense
53538

Listing courtesy of Listing Agent: Tyler Leeson (tleeson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.

Listing sold by Tyler Leeson from Marcus & Millichap RE Invest

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.