Take advantage of attractive seller financing—30-year fixed, fully amortized—on this value-add 7-unit multifamily opportunity in a high-demand rental market. Currently operating at a 5.20% Cap Rate and 12.40 GRM ($13,110 per month), the property allows for solid income growth potential. Built in 1963, it features an ideal all two-bedroom unit mix, 4,900 SF of rentable space, and sits on a 7,670 SF lot with 14 total parking spaces (7 garages + 7 tandem). Separately metered for electric (all-electric building), this asset offers both operational efficiency and long-term upside, with potential to add an additional unit. Centrally located near jobs, transit, and amenities, it's well-positioned for sustained tenant demand. Don’t miss this rare opportunity to secure long-term, stable financing and immediate cash flow—schedule a tour today.
Sold for $2,000,000 on 05/30/25
Listing Provided by:
Alex Colombo DRE #01927702 310-978-7950,
Keller Williams Coastal Prop.
Bought with: Keller Williams SELA
$2,000,000
10500 Long Beach Blvd, Lynwood, CA 90262
14beds
7baths
4,900sqft
Mixed Use
Built in 1963
-- sqft lot
$1,969,300 Zestimate®
$408/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 01, 2025 at 02:05pm
Listing Provided by:
Alex Colombo DRE #01927702 310-978-7950,
Keller Williams Coastal Prop.
Bought with:
Enrique Nava, DRE #02166952
Keller Williams SELA
Source: CRMLS,MLS#: PW25071131
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 7
Heating
- Electric
Cooling
- Electric
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,900
- Total interior livable area: 4,900 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage
- Garage spaces: 7
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,670 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 6208016025
- Zoning: LYC3*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Water Connected
Community & neighborhood
Community
- Community features: Street Lights, Urban
Location
- Region: Lynwood
HOA & financial
Other financial information
- Total actual rent: 13110
Other
Other facts
- Listing terms: Owner May Carry
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Estimated market value
$1,969,300