Overview

Duplex for Sale in Lakewood, CA

Lakewood is the second biggest city in Pierce County, California, and it is home to some of the gorgeous multifamily residential structures in the state, most notably Lakewood Duplexes. This housing type can be found in various communities in the city.

With its ideal location in the state, Lakewood is considered one of the best cities to invest in, especially in its multifamily real estate market. A thriving commercial district can be found in Lakewood, along with industrial office parks and shopping complexes. In addition, Lakewood is home to a plethora of parks, waterways, and golf courses, as well as Fort Steilacoom Park, the historically significant Lakewood Gardens, Thornewood Castle, and the Grand Prix Raceway. Please do not hesitate to contact us if you are interested in additional information about our lovely selection of Duplex for Sale in Lakewood, CA or other multifamily housing in Lakewood.

MAJOR TRANSPORTATION HUB: Because Lakewood is linked to Seattle by the commuter train service known as the Sounder, Lakewood has emerged as an essential transportation center for the lower Puget Sound area. Living close to one of the city’s several transportation hubs can make your life simpler, less expensive, and friendlier to the environment. The ease of having public transportation just outside your front door offers advantages, not only for financial reasons but also as a way of life. If you want to make a wise investment, buying a property close to a central transportation hub is a great choice. Residential homes’ value rises when constructed adjacent to a transit hub. It should come as no surprise that real estate located near various modes of transportation is, in fact, more in demand, which drives up its value.

COST-EFFECTIVE: In comparison to the cost of other types of multifamily housing in the city, duplex homes in Lakewood are among the most cost-effective options. The majority of duplexes in Lakewood are available for purchase for a price that is lower than one million dollars. When one takes into consideration the many advantages that come with being the owner of a property of this kind, such as the additional rental income that can be generated if the other unit is rented out, this presents a fantastic opportunity for an investment.

TOP-RATED SCHOOLS: Residents of Lakewood, California, have the option of enrolling their children in any one of the city’s numerous prestigious educational institutions. Public schools in the city that are widely recognized include Holmes Elementary School, Hoover Middle School, and Artesia High School. There is no doubt that your child will receive an education of the caliber and standard that they merit if they attend one of these well-regarded schools in Lakewood.

Market Overview

Lakewood, CA Real Estate Information

Median Listing Price

$800,000

Median Price Per Sq Ft

$592

Average Days on Market

41

Median Price of Sold Homes

$837,000

Home Ownership Percentage

73.6%

Median Rent

$1,905

Multifamily Investments in Lakewood, CA

5 Real Estate Facts About Duplex for Sale in Lakewood, CA

  • Duplexes for sale in Lakewood, CA, on the real estate market, are starting at $700,000 up to $900,000.
  • In Lakewood, duplex homes typically feature between four and six bedrooms and anywhere from two to three bathrooms.
  • A number of the duplexes in Lakewood come equipped with a garage with an average capacity for about two vehicles.
  • The development of the vast majority of the city’s duplex homes took place over the decades that spanned from the 1940s to the 1960s.
  • The typical lot size for a Lakewood duplex is between 0.14 acres and 0.21 acres.
Find Your Investment Property

Multi-Family Investment Properties in Lakewood, CA

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Jack Patel has a unique skill set and ability to help navigate his clients through any real estate transaction, no matter what property type, to achieve the best results for his clients. Jack is also involved in the acquisition, repositioning, and disposition of hospitality properties for private investors. Jack’s ability to stay focused on the market has proven successful for many of his clients. He listens and understandings the client’s wants and needs in order to help steer them to the best situation possible based on the market. This has helped Jack create an extensive client base of new and seasoned investors for all property types. Let’s get in touch, and we will show you exceptional properties in Long Beach, CA.

Meet the locals

Who Lives in Lakewood, CA

Population

77,507

Median Age

38.6

Median Household Income

$105,741

Households

25,560

Household size

3.11

Cost of living

157.3

Entertainment

Things to do in Lakewood, CA

Red Lobster

Chain seafood restaurant with a lively New England-themed atmosphere dishing up American seafood favorites.

Del Valle Park

A fenced children's playground and a basketball court with benches are just two of the many amenities offered in this neighborhood park.

George Nye, Jr. Library

A public library providing access to a wide range of books, materials, and computers in a tranquil environment.

Good Times Family Billiards

A billiards parlor that welcomes customers of all ages and provides them with darts, pool tables, a café, and an arcade.

Property Management

Property Management Companies in Lakewood, CA

CompanyPhoneWebsite
Ziprent(415) 688-6660Website
Heart Property Management Group(562) 270-4253Website
Utopia Management(424) 235-1111Website