3566 Mulford Avenue, Lynwood, CA 90262
-
Listed Price :
$1,150,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1948
Property Description
Highest cash flow 4 Plex in the city on a oversized lot! 3566
Mulford Ave is a renovated 4plex located in Lynwood currently
operating at a 5.63% Cap Rate and 12.46 GRM. Ideal
opportunity for any value-add investor or owner user looking
to live in one unit while your tenants pay your mortgage. This
2,161 square foot building is situated on a 8,939 square foot lot,
zoned LYR3.
Tremendous opportunity for a buyer to build either 2 or 4
ADUS on-site using new Senate Bill SB1211. With just two ADUs, a
buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with
building 4. There are four single car garages in the rear that
can be converted to an ADU and have an ADU built on top
while maintaining parking, or you can remove parking all
together and add an additional 4 units to the rear.
The property features new double pain windows, individual
garages, large common area behind the garages and
individual water heaters. This is one of the best cash flowing
assets in Lynwood. Ownership has completed interior
renovations, exterior stucco and paint, added duel-paned
vinyl windows, replaced the roof and garage doors.
Whether you are an owner/user or investor, this is the perfect
opportunity to break into the real estate market! The subject
property is located on a residential street with pride of
ownership homes. It is in close proximity to Lynwood
Park/Sports Complex/Recreation Area, City Hall, Henning
Youth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
3566 Mulford Avenue |
| City |
Lynwood |
| State |
CA |
| Zip |
90262 |
| County |
Los Angeles |
| Listing Agent |
Cameron Samimi DRE #02035763 |
| Co-Listing Agent |
Michael Padilla DRE #01993341 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$1,150,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
8,939 |
| Year Built |
1948 |
Listing information courtesy of: Cameron Samimi, Michael Padilla, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 1:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
