12121 Centralia Street 302
Lakewood, CA, 90715
$540,000
MLS: OC26055036
Beds
3
Baths
2
Sq Ft
1,110
Lot
1.43 ac
Year Built
1985
MLS #
OC26055036
Days on Market
22
Listed
Mar 26, 2026
Description
Welcome to this beautifully upgraded 3-bedroom, 2-bath residence in the gated community of Lakewood Terrace. Positioned on the third floor with no one above, this 1,110 sq ft home offers privacy, natural light, and a peaceful setting with a pool view from your private balcony just off the kitchen—perfect for morning coffee or winding down at the end of the day. Inside, the home has been thoughtfully refreshed with new flooring, fresh interior paint, smooth ceilings, recessed lighting, and a smart thermostat for modern living. The living area is anchored by a cozy fireplace, creating a warm and inviting space to relax or entertain. The kitchen flows seamlessly into the dining and living areas, while in-unit laundry adds everyday convenience. Recent upgrades also include new shower glass doors, a new central AC system, and a new furnace—giving buyers confidence and comfort from day one. Additional highlights include two assigned parking spaces in the secure subterranean garage and elevator access for easy entry. Lakewood Terrace offers a true lifestyle experience with resort-style amenities including a pool, spa, clubhouse, picnic areas, and dog-friendly walking spaces within a well-maintained, gated community. Located in the highly regarded ABC Unified School District and just minutes from parks, shopping, dining, and major freeway access, this home delivers the ideal blend of comfort, convenience, and community. A rare opportunity to own a move-in ready home in one of the area’s most desirable communities.
Location
Lakewood, Los Angeles County, CA 90715
Open on Google Maps ↗Listed by: Dusty Mulhearn · Real Broker
Payment estimate
$4,051
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $54,000 · Loan: $486,000
- Principal & Interest
- $2,986
- Property tax (1.25%)
- $563
- Homeowners insurance
- $300
- Mortgage insurance
- $203
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lakewood home with as little as 3.5% down using an FHA loan — roughly $18,900 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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