11342 215th

A Rare Combination of Space, Income & Future Possibilities in Lakewood!!! Opportunities of this caliber don't come along often. Situated on two parcels totaling over 18,375 square feet, this distinctive triplex offers an exceptional opportunity for investors, owner-occupants, and those with an eye toward future development. The property features three spacious residences: two 3-bedroom, 1-bath units and a larger 3-bedroom, 2-bath residence privately situated toward the rear. Each enjoys its own attached garage and separately metered gas, water, and electricity, including recently updated electrical meters, making rental management easier without shared utility expenses. Live in one. Generate income from the others. Or explore what comes next.*** The two occupied front residences provide an established income stream, while the recently vacated rear residence offers the flexibility to move in or lease for additional income. And then there's the land. With over 18,375 square feet across two parcels, the possibilities extend beyond the existing residences. Per the City, the property offers potential for up to 12 total units, including possible ADU development, subject to applicable requirements and approvals. Ideally located within the ABC Unified School District, walking distance to Long Beach Towne Center, and conveniently close to freeways, Lakewood Center, and Cerritos Mall, the property combines everyday convenience with long-term investment appeal. Income in place. Room to grow. Flexibility to make it your own.*** Whether you're looking to offset homeownership costs, expand your portfolio, or explore future development potential, this is an opportunity well worth considering. Motivated Sellers – Submit ALL Offers!