Your Guide to Buying a Home in Lakewood, CA

Buying a Home in Lakewood, California

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Lakewood is located in Los Angeles County

Population: 73,557 In the beginning--always--is the land itself, the gentle plain created by the San Gabriel River and its sister streams on which the homes and neighborhoods rest. For tens of thousands of years the river carried the run-off of the winter rains and channeled the annual spring floods near the site of the future city hall.

This land was hospitable. It sheltered the Native Americans who settled small villages along the path of their migrations. It gave prosperity to the Spaniards who welled up from Mexico in the 1700's to take possession of this land. And, in 1784, it formed the vast rancho of Manuel Nieto, whose possessions, by royal grant, stretched from the San Gabriel River to the Santa Ana and from the mountains of the coast range to the sea.

The City of Lakewood is located in southern Los Angeles County, 23 miles southeast of Los Angeles. The area of     the city is 9.5 square miles.

Lakewood incorporated on April 16, 1954.

The total assessed valuation of property in the city was $3.8 billion for fiscal 1999-2000.

Lakewood’s population was estimated by the State Department of Finance to be 80,952 on January 1, 2000.

The economic base of the city is primarily commercial/retail. Almost 2,500 businesses are located in Lakewood.     The city is expected to receive approximately $9.38 million in sales tax revenue in fiscal year 2000-2001.

Contract services represent about 40 percent of the city’s operating budget. Lakewood contracts with private     firms for trash collection, signal maintenance, and street sweeping. By contract, Los Angeles County provides     law enforcement, road repair, building inspection, and street light maintenance. Parks, recreation and cultural     activities, community development programs, parkways, medians and tree maintenance, the water utility and     general administrative services are provided directly by the city.

Lakewood is a general law city. The five city council members are elected for overlapping four-year terms. The     mayor is selected by the city council from among its members and serves for a one-year term. The city council     appoints a city manager and a city attorney. In addition, the city council appoints the Community Safety     Commission, the Planning Environment Commission, and the Recreation and Community Services Commission.     The city council also sits as the Board of Directors of the Lakewood Redevelopment Agency and the Lakewood     Housing Authority.

Lakewood is predominantly owner-occupied (72 percent in 1990). In Los Angeles County, 46 percent of the     total housing units were owner-occupied in 1990. Lakewood is predominantly a single-family community with 85     percent of its housing units being single-family detached structures.

Lakewood has about 150 miles of streets and 300 miles of sidewalks. More than 36,000 streets line city streets     and shade city parks. About 150 acres of the city are devoted to parks and other landscaped open space.

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