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3557 Beechwood Avenue

Lynwood, CA 90262
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 17 Days
  • ID#: RS24003311
Under Contract
$1,150,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:
Area:

School Ratings & Info

Listing Agent(s): Isaac Rosales of Executive Bankers Realty (562-869-4717)


Description

45% Upside in Rents- (4)- 3bd/1bth Legal Units & 4 garages. Great asset to capitalize on your investment. Located in gateway city of Lynwood, Ca, near the 710 and 105 freeways, and also within walking distance to near by Lynwood park, local restaurants and shops in popular Plaza Mexico. A great value add opportunity to realize its cash flow potential from ideal unit mix, high density population, and low unemployment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/149047859
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3557 Beechwood Avenue Lynwood, CA 90262

  • Price: $1,150,000
  • Status: Active Under Contract
  • On Site: 17 Days
  • ID#: RS24003311
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1948
Built
Neighborhood:
RM - Lynwood
County:
Los Angeles
Area:
RM - Lynwood
Property Description
45% Upside in Rents- (4)- 3bd/1bth Legal Units & 4 garages. Great asset to capitalize on your investment. Located in gateway city of Lynwood, Ca, near the 710 and 105 freeways, and also within walking distance to near by Lynwood park, local restaurants and shops in popular Plaza Mexico. A great value add opportunity to realize its cash flow potential from ideal unit mix, high density population, and low unemployment.
Exterior Features

Architectural Style Bungalow Direction Faces Southwest Entry Level 1 Entry Location 1 Foundation Details Concrete Perimeter Lot Features 2-5 Units/AcreFront Yard Number Of Separate Electric Meters 4 Parking Features AssignedConverted GarageConcreteDoor-SingleDrivewayGarage Faces FrontGaragePaved Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Roof Composition

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 3.75 Common Interest None Community Features ParkSuburban Contingency Subject to seller 1031 exchange Disclosures Principal is Real Estate Licensed Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 71280 Insurance Expense 14375 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New LoanConventionalCal Vet LoanFHA 203(b)FHA 203(k)FHAFannie Mae Maintenance Expense 1500 Net Operating Income 43170 New Construction YN No New Taxes Expense 14375 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 26684 Other Expense 0 Pest Control Expense 0 Pool Expense 0 Possession See Remarks Property Condition Additions/AlterationsBuilding Permit Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Total Actual Rent 5940 Trash Expense 3089 Vacancy Allowance 1426 Vacancy Allowance Rate 2 Water Sewer Expense 1290 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. 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 deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Isaac Rosales of Executive Bankers Realty (562-869-4717)