7020 Schroll Street

Lakewood, CA 90713

$1,450,000
Price
4
Beds
4
Baths
2,059 Sq. Ft.
$704 / Sq. Ft.
2,059
Sq. Ft.
$704
per Sq. Ft.

Description

Introducing 7020 Schroll Street, Lakewood, CA - a captivating triplex nestled in prime Carson Park, offering an unparalleled blend of modern living and investment upside. This unique property features a fully renovated front house with 3 bedrooms and 2 bathrooms, boasting high-end finishes and contemporary design, alongside two newly constructed Accessory Dwelling Units (ADUs) - 1-bedroom and a studio unit - each designed to optimize space and enhance functionality. Situated on a 4,954 sqft lot,...Introducing 7020 Schroll Street, Lakewood, CA - a captivating triplex nestled in prime Carson Park, offering an unparalleled blend of modern living and investment upside. This unique property features a fully renovated front house with 3 bedrooms and 2 bathrooms, boasting high-end finishes and contemporary design, alongside two newly constructed Accessory Dwelling Units (ADUs) - 1-bedroom and a studio unit - each designed to optimize space and enhance functionality. Situated on a 4,954 sqft lot, this triplex is fully leased, providing immediate income from day one. Its prime location near El Dorado Park places residents in the heart of a vibrant community, close to lush green spaces, recreational activities, and essential amenities. 7020 Schroll Street offers investors a compelling opportunity to acquire a high-yield asset in a sought-after neighborhood, combining the peace of a residential area with the convenience of urban living. This property stands as an ideal choice for those seeking a family home with added rental income, or a solid investment in Lakewood, CA.
  1. Listed by Cory Bergamini • DRE #02143616 • Brokerage DRE #01883791 • COAR Property Management, Inc.

Property Details for 7020 Schroll Street

Zoning
LKR1YY
Parcel Number
7063022004
Total Units
3.0
Living Area
2059
Source Living Area
Builder
Area
Carson Park (25)
Vacancy Rate
0
Lot Size Area
4954

Location

Listing Courtesy of COAR Property Management, Inc., Cory Bergamini, DRE #02143616
Add your commute
LISTING UPDATED: 03/21/2024 12:01 AM

Property Details for 7020 Schroll Street

StatusActive
MLS #24-368513
Days on Market53
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.11 AC / 4,954 SF
CountyLos Angeles County

Location

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

Building Information for 7020 Schroll Street

Stories1Residences-Year Built2023Building Size-Lot Size0.11 AC / 4,954 SF

Payment Calculator

$8,799 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$886

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7020 Schroll Street

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: 1
  • 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: $97,896
  • Net Operating Income: $63,286.00
  • Gross Income: $97,896
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $14.81
  • Owner Pays: Gardener
  • Total Annual Expense: 29715
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1137
  • Lot Size Square Feet: 4954
  • Lot Size Dimensions: 50x100
  • 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
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central, Wall Electric
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Refrigerator, Washer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Community, In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,795.00
  • Unit Actual Rent: $3,795.00
  • Unit Projected Rent: $3,895.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,095.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $191,760.00
  • Assessed Improvement Percent: 23.86
  • Assessed Land Value: $612,000.00
  • Assessed Land Percent: 76.14
  • Assessed Total Value: $803,760.00

Property History for 7020 Schroll Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7020 Schroll Street

Taxable ValueLand$612,000Additions$191,760Total$803,760
Tax Record2023$10,634 ($886 / month)
Home Facts
Beds3Total Finished SqFt1,715 SqFtAbove Grade Finished SqFt1,715 SqFtStories1Lot Size5,000 SqFtStyleSingle Family ResidenceYear Built1953ZoningLKR1YYCountyLOS ANGELESAPN7063-022-004

Schools near 7020 Schroll Street

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
Cleveland 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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7020 Schroll Street is a multi-family home for sale in Lakewood, CA 90713. This property was listed for sale on March 13, 2024 by COAR Property Management, Inc., it's currently listed at $1,450,000. It has been on the market for a total of 53 days and was last sold on October 4, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include Cleveland Elementary School, Bancroft Middle School and Lakewood High School. 7020 Schroll Street is a 4-bed, 4-bath, 2,059 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.