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Sold for $1,295,000 on 08/02/24
  • Listing Provided by: 

    Victor Ambriz Jr DRE #00952349 victor@ambrizandassociates.net,

    Keller Williams SELA

    $1,295,000

    10206 State St, Lynwood, CA 90262

    --beds
    --baths
    3,706sqft
    Mixed Use
    Built in 1953
    -- sqft lot
    $1,277,800 Zestimate®
    $349/sqft
    $3,023 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 05, 2024 at 11:16am

    Listing Provided by:

    Victor Ambriz Jr DRE #00952349 victor@ambrizandassociates.net,

    Keller Williams SELA

    Bought with:

    Jaime Rodriguez, DRE #01210390

    Big Blue House Real Estate

    Source: CRMLS,MLS#: DW24056170MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Cooling
    • None
    Appliances
    • Laundry: Laundry Room
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 3,706
    • Total interior livable area: 3,706 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: one
    • Pool features: None
    Lot
    • Size: 5,263 sqft
    • Features: Street Level
    Details
    • Parcel number: 6208008014
    • Zoning: LYR3YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Lynwood

    HOA & financial

    Other financial information
    • Total actual rent: 10216

    Other

    Other facts
    • Listing terms: Cash to New Loan
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,277,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,277,800