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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).*

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
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
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LKMFR*
LKMFR*
  • Listing ID: 33828511

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 5250 Hayter Ave, Lakewood, CA 90712

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