5602 Verdura Ave, Lakewood, California 90712, Lakewood, 90712 - bed, bath

5602 Verdura Ave, Lakewood, California 90712 home-pic-0
ACTIVE UNDER CONTRACT$1,850,000
5602 Verdura Ave, Lakewood, California 90712
0Bed
0Bath
3,516Sqft
5,453Lot
Year Built
1952
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$526
HOA
-
Days on market
-
Sold On
-
MLS number
PW25223903
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.85M(60th), sqft - 3516(80th), beds - undefined(50th), baths - undefined(50th).

Discover a beautifully updated income property featuring three total units — perfect for investors or multi-generational living! The front home offers 3 bedrooms and 1 bathroom, newly remodeled with real wood flooring, an open floor plan, and stylish modern finishes. Behind it are two brand new 3-bedroom, 2-bath units, each designed with 9-foot ceilings, laminate and tile flooring, and thoughtfully crafted layouts that maximize space and comfort. All units feature brand new kitchens with quartz countertops, custom cabinetry, and new stainless steel appliances, along with modern bathrooms, recessed lighting, and central heating and air. The new construction units also include spacious walk-in closets for added convenience. Enjoy peace of mind with brand new electrical and plumbing systems throughout. Conveniently located within walking distance to restaurants, grocery stores, and local favorites, this turnkey property offers modern comfort, strong income potential, and a solid 6% cap rate making it an excellent investment opportunity with great returns! Parking for street sweeping is at different times on the same day - see picture or call for details.

Nearby schools

3/10
Captain Raymond Collins School
Public,K-50.7mi
7/10
Twain Elementary School
Public,K-51.5mi
6/10
Hoover Middle School
Public,6-81.2mi
7/10
Bancroft Middle School
Public,6-81.7mi
4/10
Leona Jackson School
Public,4-82.4mi
/10
Buena Vista High School
Public,9-120.1mi
5/10
Lakewood High School
Public,9-122.0mi
5/10
Paramount High School
Public,9-123.1mi

Price History

Date
Event
Price
10/17/25
Listing
$1,850,000
04/04/24
Sold
$575,000
Condition Rating
Excellent

This property features two brand new construction units and one newly remodeled unit, all extensively updated with modern finishes. All units boast brand new kitchens with quartz countertops, custom cabinetry, and new stainless steel appliances, along with modern bathrooms, recessed lighting, and central heating and air. The entire property benefits from brand new electrical and plumbing systems, indicating a complete and recent overhaul to current quality standards.
Pros & Cons

Pros

Strong Investment Opportunity: The property offers a solid 6% cap rate and strong income potential, making it an excellent investment opportunity with great returns.
Turnkey & Modernized: Described as a 'turnkey property' with brand new electrical and plumbing systems throughout, central heating and air in all units, and extensive modern updates, minimizing immediate capital expenditure for a new owner.
Multi-Unit Versatility: Featuring three total units, it's perfect for investors seeking multiple income streams or for multi-generational living arrangements.
High-Quality Interior Finishes: All units boast brand new kitchens with quartz countertops, custom cabinetry, new stainless steel appliances, modern bathrooms, and recessed lighting.
Desirable Walkable Location: Conveniently located within walking distance to restaurants, grocery stores, and local favorites, enhancing tenant appeal and property value.

Cons

Age of Original Structure: The front unit, built in 1952, despite being newly remodeled, retains an older core structure which may present different long-term maintenance considerations compared to the two newly constructed units.
Parking Logistics: The detail about street sweeping parking occurring at different times on the same day suggests a potential logistical inconvenience or management challenge for multiple tenants.
Unit Feature Disparity: The front unit is a 3-bedroom, 1-bathroom remodel, while the two new construction units are 3-bedroom, 2-bathroom and include spacious walk-in closets, indicating a difference in amenities and potential appeal between the units.

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