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3535 Los Flores Blvd
Lynwood, CA 90262
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Six 1 bed/1 bath units in the city of Lynwood - Four unit single story building in the front and a two unit over garages in the rear
- One unit delivered vacant that is rent ready
- Lynwood does not have municipal rent control - subject to AB-1482 allowing for higher rent increases
- Strong cash flow day one at a 10 GRM and 5.82% cap rate - 23% upside in rents to achieve a pro forma 8% cap rate
- Two out of the six subpanels have been replaced
- Opportunity to convert storage space below back building back into garages or convert into two ADU's
Property Facts
| No. Units | 6 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 3,617 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1948 |
| Building Class | C | ||
| Zoning | R-3 - Multi-Family Residential | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,617 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Zoning | R-3 - Multi-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,435 | - |
Property Taxes
| Parcel Number | 6191-014-020 | Improvements Assessment | $481,787 |
| Land Assessment | $742,845 | Total Assessment | $1,224,632 |
Property Taxes
Parcel Number
6191-014-020
Land Assessment
$742,845
Improvements Assessment
$481,787
Total Assessment
$1,224,632
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