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(562) 412-2759
Real Estate Company
3592 Norton Avenue, Lynwood, CA 90262
- $850,000
- List Price
- $850,000
- Status
- ACTIVE
- MLS#
- PW26234683
- Year Built
- 1948
- Lot Size
- 8,803
- Acres
- 0.20
- Lot Location
- Front Yard, Lawn, Rectangular Lot, Street Level
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
Excellent opportunity to own a four-unit residential income property in Lynwood. This multifamily property features a desirable unit mix of three one-bedroom one bath units and one two-bedroom one bath unit, offering multiple income streams for investors. The property includes four individual one-car garages providing valuable parking and additional convenience for residents. Each unit is equipped with its own water heater and laundry hookups, desirable features for multifamily living. Two of the unit bathrooms were remodeled last year, offering improvements for tenants and future ownership. The owner currently pays for water and trash, while tenants pay their own gas and electricity. Situated on an approximately 8,803-square-foot lot, the property offers potential for investors seeking to hold an income-producing asset in the Los Angeles County rental market. Lynwood does not have municipal rent control and is governed under AB-1482, allowing for higher allowable rent increases compared to surrounding cities. Explore the possibilities this multifamily property offers for long-term ownership and rental income.
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Additional Information
- Appliances
- Free-Standing Range, Disposal, Gas Range, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down, Galley Kitchen
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $45,900
- Operating Expense
- 25590
Listing courtesy of Listing Agent: Desi Reyes (desireyes@firstteam.com) from Listing Office: First Team Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.