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Key Details
Sold Price $970,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P0-819003803
Sold Date 09/10/19
HOA Y/N No
Year Built 1956
Lot Size 9,147 Sqft
Acres 0.21
Property Description
CASH COW!! WEALTH-BUILDING OPPORTUNITY!! Come check out this wonderful 5-unit cash flowing property steps from the Plaza Mexico and the Green Line!! The property consists of an SFR with a 4-plex in the rear. Located on a side street half a block from happening Long Beach Blvd., the property offers unique access to shopping, dining, entertainment, and public transportation opportunities as well as to elementary and high schools. The property offers 5 covered parking spaces and is situated across the street from an ample public parking lot. 4,746 SF!! The tenants are currently on month-to-month. Current rents are substantially below market and total $7,205/mo. Potential rents are $9,300+/mo. Diversified mix of two and three bedroom units. Property will be delivered with current tenants in place. All tenants are on month to month. Lynwood is free of rent control. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3*
Interior
Flooring Carpet
Fireplace No
Exterior
Garage Assigned, Carport
Carport Spaces 5
Parking Type Assigned, Carport
Total Parking Spaces 5
Building
Lot Description Rectangular Lot
Story 2
Entry Level One,Two
Architectural Style Contemporary
Level or Stories One, Two
Others
Senior Community No
Tax ID 6173002018
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Hans Hagenmayer • Teamprovident, Inc.
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