3566 Mulford Ave - Apartments FOR SALE


Lynwood, CA 90262
$1,150,000 USD
310-259-7556
3566 Mulford Ave, Lynwood, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/8
null | 5.63% Cap Rate

3566 Mulford Ave
Lynwood, CA 90262


HIGHLIGHTS

  • Excellent location on a residential street with pride of ownership homes
  • Oversized lot w/ ability to add either 2 or 4 ADUs to achieve an 11% or 16% Cap rate
  • Recent renovations include: new stucco/paint, landscaping, interior renovations, dual paned windows, new garage doors, and new roof
  • Close to Lynwood Park/Sports Complex/Recreation Area, City Hall, Henning Youth Center, St. Francis Medical Center and Plaza Mexico
  • Unit mix of (4) 1Bed+1Bath with individual garages
  • Currently operating at a 5.47% Cap Rate and 12.46 GRM

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

5.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3566 Mulford Ave, Lynwood

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

6173-007-007

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.