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4723 Albury Avenue

Lakewood, CA 90713

$1,975,000

8 Beds | 6 Baths | 3,170 sq. ft.

Status: Active Type: Single Family Residence Area: 23 - Lakewood Park
Year Built: 2023 MLS#: 26659885

Description

Introducing 4723 Albury Avenue in the heart of Lakewood, a rare opportunity to own a beautifully renovated triplex offering both modern living and strong income potential. Priced at approximately $658,000 per unit with an average unit size of 1,057 SF, the property represents exceptional value compared to surrounding single family homes in the area that often sell for well over $900,000. The property features a versatile unit mix consisting of a fully renovated 3 bedroom, 2 bathroom main residence, along with two newly constructed ADUs completed in 2023. The rear units include a 3 bedroom, 2 bathroom unit and a 2 bedroom, 2 bathroom unit, each designed with modern finishes, efficient layouts, and contemporary styling. Situated on a 5,057 SF lot, the property combines the charm of a renovated front home with the efficiency and design of newly built rear units. Two of the three units are currently leased, providing immediate rental income, while a vacant 3 bedroom, 2 bathroom unit offers an ideal opportunity for an owner occupant or additional rental income. The front house was previously leased for $4,300, and would likely lease for more today. Located in one of Lakewood's most desirable neighborhoods, residents enjoy convenient access to shopping, dining, parks, and major commuter routes. This property offers a compelling combination of modern construction, rental income, and owner occupant flexibility, making it a rare opportunity in today's market. Take advantage of lowering interest rates and get into the investment you've been dreaming of!

Features

    Other Rooms: Walk-In Closet, Living Room Appliances: Disposal, Microwave, Refrigerator, Dishwasher
    Fireplace Rooms: None
    Heating: Central
    Cooling: Central Air
    Structure Type: Contemporary
    Association Amenities: N/A
    Pool Descriptions: None
    Price/sqft: $623
    Total Floors: 2

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

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