Thank you
Victor Ambriz Jr
Keller Williams SELA
562-334-1500
proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.18 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry. This is an excellent investment opportunity because of its great location, strong unit mix and upside in rental income. Investment Highlights ? 5 unit property ? 3 renovated units ? Stabilized rents on all 5 units ? 6.18 Cap rate based on current rents. Perfect for any investor look for upleg from smaller units. Please don't disturb the tenants if you have any questions call or email me.
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Water Source : Public
Sewer : Public Sewer
Fireplace: None
None
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1953
Building Area Total: 3,706
None
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1208
Lot Size Source: Assessor
Lot Size Square Feet: 5263
Original List Price: 1,350,000
Listing Contract Date: 2024-03-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 6208008014
Lease Term: Negotiable
Tenant Pays: Parking Fee
Source Listing Status: Active
Source Neighborhood: RM - Lynwood
Postal Code Plus 4: 1535
Directions: South Of Tweedy blvd and East of Long Beach Blvd
Zoning: LYR3YY
Source Property Type: Residential Income
Area: RM - Lynwood
Property SubType: Mixed Use
Property Age: 71
Common Walls: No Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: one
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
11464 Copeland Street, Lynwood, CA,90262 | $899,000 | 8 | 4 | 2,936 | 9110 Sqft |
11460 Copeland Street, Lynwood, CA,90262 | $899,000 | -- | -- | 2,852 | 9091 Sqft |
3036 Flower Street, Lynwood, CA,90262 | $2,285,000 | -- | -- | 5,395 | 9236 Sqft |
11363 Virginia Avenue, Lynwood, CA,90262 | $985,000 | 5 | 3 | 2,324 | 6912 Sqft |
4300 Lugo Avenue, Lynwood, CA,90262 | $724,900 | 3 | 3 | 1,625 | 5650 Sqft |
12108 Muriel Drive, Lynwood, CA,90262 | $825,000 | 3 | 1 | 1,435 | 8912 Sqft |
12658 Belinda Court, Lynwood, CA,90262 | $598,000 | 3 | 3 | 1,773 | 1384 Sqft |
10303 Long Beach Boulev.., Lynwood, CA,90262 | $6,299,999 | -- | -- | 15,184 | 21494 Sqft |
2931 Poplar Drive, Lynwood, CA,90262 | $594,000 | -- | -- | 2,112 | 6576 Sqft |
12542 Waldorf Drive, Lynwood, CA,90262 | $475,000 | 4 | 2 | 1,190 | 10536 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 07:08
MLS: DW24056170
LISTED BY: Victor Ambriz Jr, Keller Williams SELA
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.