Jeremiah Moersch REALTOR®
Office: 760-533-2540
10206 State Street, Lynwood
$1,350,000
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9 Beds
5 Baths
.12 Acre
5 Garages
proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.18 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry. This is an excellent investment opportunity because of its great location, strong unit mix and upside in rental income. Investment Highlights ? 5 unit property ? 3 renovated units ? Stabilized rents on all 5 units ? 6.18 Cap rate based on current rents. Perfect for any investor look for upleg from smaller units. Please don't disturb the tenants if you have any questions call or email me.
Essential Information
- MLS® #
- DW24056170
- Price
- $1,350,000
- Bedrooms
- 9
- Bathrooms
- 5.00
- Acres
- 0.12
- Year Built
- 1953
- Type
- Residential Income
- Sub-Type
- Mixed Use
- Status
- Active
Community Information
- Address
- 10206 State Street
- Area
- RM - Lynwood
- City
- Lynwood
- County
- Los Angeles
- Zip Code
- 90262
- Community Features
- Sidewalks
- Senior Community
- N
Amenities
- Parking Spaces
- 5
- # of Garages
- 5
- Pool
- None
Interior
- Cooling
- None
- Fireplaces
- None
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- Street Level
Additional Information
- Date Listed
- March 20th, 2024
- Days on Market
- 46
- Zoning
- LYR3YY
Listing Details
- Agent
- Victor Ambriz Jr
- Office
- Keller Williams SELA
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 9:25pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.