3566 Mulford Avenue

Lynwood, CA 90262

  • 6 Bed(s)
  • 5 Bath(s)
  • 2,443 Sqft
  • 8939
    Sqft(Lot)
$1,150,000

Description

Property will be open saturday: november 23rd from 2pm - 4pm.

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47440904

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1948
    • Building Area Total: 2,443

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2052
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8939

  • Listing Price Information

    • Original List Price: 1,150,000
    • Listing Contract Date: 2024-10-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6173007007

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: RM - Lynwood
    • Postal Code Plus 4: 3492
    • Directions: Off Imperial Hwy and Long Beach Blvd
    • Zoning: LYR3YY
    • Source Property Type: Residential Income
    • Area: RM - Lynwood
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 76
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 11/23/2024 @ 21:11

  • MLS: SB24220035
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 2,443 sqft, 8,939 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Lynwood , in zip code 90262, this Los Angeles County Home are nearby neighborhoods.