4723 Albury Avenue

Lakewood, CA 90713

$1,960,000
Price
8
Beds
6
Baths
3,170 Sq. Ft.
$618 / Sq. Ft.
3,170
Sq. Ft.
$618
per Sq. Ft.

Description

Introducing Albury Apartments at 4723 Albury Avenue, Lakewood, CA a remarkable property situated in the heart of thriving Lakewood. Priced at a very attractive $650,000 per unit - with an average unit size of 1,057 SF - homes in this area clear well over $800,000. This unique triplex, built in 2023, boasts a diverse unit mix consisting of a spacious 3-bedroom, 2-bathroom main residence, and two Accessory Dwelling Units (ADUs): a 3-bed, 2-bath unit and a 2-bed, 2-bath unit, each crafted with an emphasis...Introducing Albury Apartments at 4723 Albury Avenue, Lakewood, CA a remarkable property situated in the heart of thriving Lakewood. Priced at a very attractive $650,000 per unit - with an average unit size of 1,057 SF - homes in this area clear well over $800,000. This unique triplex, built in 2023, boasts a diverse unit mix consisting of a spacious 3-bedroom, 2-bathroom main residence, and two Accessory Dwelling Units (ADUs): a 3-bed, 2-bath unit and a 2-bed, 2-bath unit, each crafted with an emphasis on modern efficiency and style. Spanning a generous lot of 5,057 SF, the property features a meticulously renovated main house paired with the newly constructed ADUs, offering high-end finishes and design that cater to contemporary tastes. Currently two of three units are leased, leaving a 3-bed, 2-bath unit available for an owner to move-in. Albury Apartments offers a stable income stream from Day 1. Residents enjoy the convenience in this sought-after Lakewood locale. Located just moments from local hotspots and everyday essentials, the address ensures a lifestyle marked by comfort and ease. Albury Apartments embodies both immediate value and long-term growth prospects. This triplex is an exceptional offering for those seeking a versatile family home with significant rental income potential or a savvy investment opportunity in Lakewood, CA.
  1. Listed by Cory Bergamini • DRE #02143616 • Brokerage DRE #01883791 • COAR Property Management, Inc.

Property Details for 4723 Albury Avenue

Zoning
LKR1YY
Parcel Number
7175003014
Total Units
3.0
Living Area
3170
Source Living Area
Builder
Area
Lakewood Park (23)
Vacancy Rate
0
Lot Size Area
5057

Location

Listing Courtesy of COAR Property Management, Inc., Cory Bergamini, DRE #02143616
Add your commute
LISTING UPDATED: 05/16/2024 12:06 PM

Property Details for 4723 Albury Avenue

StatusActive
MLS #24-370765
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.12 AC / 5,057 SF
CountyLos Angeles County

Location

Listing Courtesy of COAR Property Management, Inc., Cory Bergamini, DRE #02143616
Add your commute

Building Information for 4723 Albury Avenue

Stories1Residences-Year Built2023Building Size-Lot Size0.12 AC / 5,057 SF

Payment Calculator

$11,473 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,697

Property Taxes

$776

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4723 Albury Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Income
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $120,102
  • Net Operating Income: $87,795.00
  • Gross Income: $123,816
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $15.75
  • Owner Pays: Gardener
  • Total Annual Expense: 32307
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1161
  • Lot Size Square Feet: 5057
  • Lot Size Dimensions: 51x100
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One, Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Refrigerator, Washer
  • Interior Features: Ceiling Fan(s)
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,906.00
  • Unit Actual Rent: $3,906.00
  • Unit Projected Rent: $3,906.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,406.00
  • Unit Actual Rent: $3,406.00
  • Unit Projected Rent: $3,406.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,006.00
  • Unit Actual Rent: $3,006.00
  • Unit Projected Rent: $3,006.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $140,760.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $563,040.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $703,800.00

Property History for 4723 Albury Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4723 Albury Avenue

Taxable ValueLand$563,040Additions$140,760Total$703,800
Tax Record2023$9,311 ($776 / month)
Home Facts
Beds2Total Finished SqFt888 SqFtAbove Grade Finished SqFt888 SqFtStories1Lot Size5,057 SqFtStyleSingle Family ResidenceYear Built1950ZoningLKR1YYCountyLOS ANGELESAPN7175-003-014

Schools near 4723 Albury Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Macarthur Elementary School
PublicK to 5

Bancroft Middle School
Public6 to 8

Lakewood High School
Public9 to 12

Ernest S. McBride Sr. High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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4723 Albury Avenue is a multi-family home for sale in Lakewood, CA 90713. This property was listed for sale on March 19, 2024 by COAR Property Management, Inc., it's currently listed at $1,960,000. It has been on the market for a total of 40 days and was last sold on December 29, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include Macarthur Elementary School, Bancroft Middle School and Lakewood High School. 4723 Albury Avenue is a 8-bed, 6-bath, 3,170 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COAR Property Management, Inc., Cory Bergamini, DRE #02143616

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.