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10206 State Street Lynwood, CA 90262
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Key Details
Sold Price $1,295,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,706 sqft
Price per Sqft $349
MLS Listing ID DW-24056170
Sold Date 08/02/24
Year Built 1953
Lot Size 5,263 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
Zoning LYR3YY
Interior
Cooling None
Fireplaces Type None
Laundry Individual Room
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Sidewalks
Building
Lot Description Level with Street
Sewer Public Sewer
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