Peach Tree | 5250 Hayter Ave
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Peach Tree 5250 Hayter Ave
6 Unit Apartment Building $2,165,000 ($360,833/Unit) 4.43% Cap Rate Lakewood, CA 90712
Investment Highlights
- Attractive Mix of Two & Three-Bedroom Units
- Private Patios & Balconies | On-Site Laundry Facility | Ample Parking: 8 Garage Spaces
- One Block North of Holmes Elementary School
- The Only Active 5+ Unit Multifamily Listing in Lakewood, CA
- Walking Distance to Lakewood Center, a 2 Million+ SF Shopping Mall
- 2 Miles North of Long Beach Airport, a Major Employment Hub
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Peach Tree, a 6-unit multifamily investment property located at 5250 Hayter Avenue in Lakewood, CA.
5250 Hayter Avenue offers a highly desirable mix of spacious two and three-bedroom floor plans. The three-bedroom unit features three full bathrooms, a private patio and balcony, in-unit laundry, and two-story, townhome construction. The property features amenities including an on-site laundry facility, ample garage parking, and private patios or balconies (select units). Additionally, Peach Trees’ stand-alone garage building provides new ownership with the opportunity to increase total unit count and rental income through the development of an accessory dwelling unit (ADU).
5250 Hayter Avenue has an attractive Lakewood location, situated within walking distance to Lakewood Square and Holmes Elementary School. Additionally, the property is just over 0.25 miles from the Lakewood Center, a power center featuring a collection of unparalleled shopping, restaurants, and entertainment options for tenants. Furthermore, Peach Tree is within 2 miles of the Long Beach airport, a major employment and housing driver for the area.
The property’s ideal Lakewood location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Peach Tree.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
5250 Hayter Avenue offers a highly desirable mix of spacious two and three-bedroom floor plans. The three-bedroom unit features three full bathrooms, a private patio and balcony, in-unit laundry, and two-story, townhome construction. The property features amenities including an on-site laundry facility, ample garage parking, and private patios or balconies (select units). Additionally, Peach Trees’ stand-alone garage building provides new ownership with the opportunity to increase total unit count and rental income through the development of an accessory dwelling unit (ADU).
5250 Hayter Avenue has an attractive Lakewood location, situated within walking distance to Lakewood Square and Holmes Elementary School. Additionally, the property is just over 0.25 miles from the Lakewood Center, a power center featuring a collection of unparalleled shopping, restaurants, and entertainment options for tenants. Furthermore, Peach Tree is within 2 miles of the Long Beach airport, a major employment and housing driver for the area.
The property’s ideal Lakewood location surrounded by an abundance of recreational, educational, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Peach Tree.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $148,538 | $24.18 |
Other Income | $5,400 | $0.88 |
Vacancy Loss | $4,456 | $0.73 |
Effective Gross Income | $149,482 | $24.34 |
Taxes | $26,851 | $4.37 |
Operating Expenses | $26,687 | $4.35 |
Total Expenses | $53,538 | $8.72 |
Net Operating Income | $95,944 | $15.62 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | $148,538 |
Annual Per SF | $24.18 |
Other Income | |
---|---|
Annual | $5,400 |
Annual Per SF | $0.88 |
Vacancy Loss | |
---|---|
Annual | $4,456 |
Annual Per SF | $0.73 |
Effective Gross Income | |
---|---|
Annual | $149,482 |
Annual Per SF | $24.34 |
Taxes | |
---|---|
Annual | $26,851 |
Annual Per SF | $4.37 |
Operating Expenses | |
---|---|
Annual | $26,687 |
Annual Per SF | $4.35 |
Total Expenses | |
---|---|
Annual | $53,538 |
Annual Per SF | $8.72 |
Net Operating Income | |
---|---|
Annual | $95,944 |
Annual Per SF | $15.62 |
Property Facts
Price | $2,165,000 | Apartment Style | Low Rise |
Price Per Unit | $360,833 | Building Class | C |
Sale Type | Investment | Lot Size | 0.25 AC |
Cap Rate | 4.43% | Building Size | 6,142 SF |
Gross Rent Multiplier | 14.06 | No. Stories | 2 |
No. Units | 6 | Year Built | 1978 |
Property Type | Multifamily | Parking Ratio | 1.3/1,000 SF |
Property Subtype | Apartment |
Price | $2,165,000 |
Price Per Unit | $360,833 |
Sale Type | Investment |
Cap Rate | 4.43% |
Gross Rent Multiplier | 14.06 |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.25 AC |
Building Size | 6,142 SF |
No. Stories | 2 |
Year Built | 1978 |
Parking Ratio | 1.3/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+2 | 5 | - | 975 |
3+3 | 1 | - | 1,267 |
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Walk Score ®
Very Walkable (79)
zoning
Zoning Code | LKMFR* |
LKMFR* |
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Peach Tree | 5250 Hayter Ave
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