Located on the SE corner, this newly constructed multi-unit property in Lakewood offers an ideal blend of versatility, space, and modern living. This fully permitted, high-quality, new construction build consists of 3 new dwellings on a 5,364 SF Corner Lot.
The primary residence dwelling unit was completely rebuilt from the studs up and now includes a total of 3 bathrooms and 3 bedrooms in a two-story dwelling (one bedroom & bathroom are located on the ground floor level) in 1,353 livable square feet.
The second primary residence dwelling unit (SB9) is located on the second floor above an ADU (Accessory Dwelling Unit) located on the ground floor. Each self-contained structure has 3 bedrooms and 2 bathrooms, spanning 1,047 LSF. These units are complete with a full kitchen, dining/living areas, and a separate enclosure for stackable laundry appliances. The ADU is a ground-level unit with a covered front porch (102 sq ft not included in total), while the secondary primary dwelling unit (SB9) occupies the second floor and includes a private balcony (80 sq ft not included).
With 9-foot ceilings throughout, all units feel spacious. There are no shared walls. Other new features include high-quality waterproof luxury vinyl plank flooring, new insulation, 5/8” drywall, new stucco, new dual-pane windows, a new roof, new copper plumbing, and new fixtures in all bathrooms and kitchens, with on-demand tankless water heaters, and new electrical systems, including multi-zoned HVAC for indoor climate control. New quartz countertops and genuine travertine tiles in the bathrooms, with new stainless steel appliances and quartz countertops in all kitchen areas. Decorative wrought iron custom hand railings are used throughout.
The front driveway provides 3 large parking spaces on-site, and ample street parking is available. New landscaping in the front yard, including the parkway, is supported by a new automatic timed irrigation system. The area features Marathon Sod, custom-designed planters with flowers and ferns, and two large fruit-bearing citrus trees.
ADU Investors will enjoy strong pro forma cash flow potential with a pro forma GRM of 13 or better, with strong future annual appreciation for long-term capital gains. All water, gas, and electric utilities are separately metered for ease of management. This multi-family property offers an excellent solution for extended families living together nearby for childcare or elder care reasons.
