10
See all 10 photos
$1,225,000
Est. payment /mo
8,145 Sqft Lot
Active
3310 Palm Ave Lynwood, CA 90262
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26039548
HOA Y/N No
Year Built 1990
Lot Size 8,145 Sqft
Property Sub-Type Triplex
Property Description
We are pleased to present 3310 Palm Avenue, a well-maintained triplex offering an excellent opportunity for both owner-users and investors. The front of the property features a detached 3-bedroom, 2-bathroom residence (1,220 sq ft), which will be delivered vacant. The rear structure, constructed in 1990, consists of a duplex with two 2-bedroom, 2-bathroom units, along with a bonus room above two single-car garages.
Both buildings have been recently improved with new roofs, updated electrical panels, and include in-unit laundry hookups.
The two rear units are currently rented at $2,787 each, and the front house is projected to rent for approximately $3,400, bringing total potential income to nearly $9,000 per month. If fully leased, the property is will operate at a 6.35% CAP rate and 11.38 GRM.
Based on current financing assumptions, the property is projected to generate over $19,000 per year in positive cash flow.
Ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico, with convenient access to the 105 and 710 freeways, this is a compelling opportunity for an investor or an owner-occupant looking to offset their mortgage with strong rental income.
Both buildings have been recently improved with new roofs, updated electrical panels, and include in-unit laundry hookups.
The two rear units are currently rented at $2,787 each, and the front house is projected to rent for approximately $3,400, bringing total potential income to nearly $9,000 per month. If fully leased, the property is will operate at a 6.35% CAP rate and 11.38 GRM.
Based on current financing assumptions, the property is projected to generate over $19,000 per year in positive cash flow.
Ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico, with convenient access to the 105 and 710 freeways, this is a compelling opportunity for an investor or an owner-occupant looking to offset their mortgage with strong rental income.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Park, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Lawn, Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6176013017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Larson Harley Lyon Stahl Investment Real Estate, Inc. 949-933-1112, DRE #02045736
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