$1,295,000
$1,295,000
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5,262 Sqft Lot
SOLD DATE : 08/02/2024
Key Details
Sold Price $1,295,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW24056170
Sold Date 08/02/24
HOA Y/N No
Year Built 1953
Lot Size 5,262 Sqft
Property Description
Price Reduced by $55,000. NOW SELLING at 6.6 cap rate.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 6.6 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 6.6 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.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6208008014
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Jaime Rodriguez • Big Blue House Real Estate
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "