Lynwood, CA 90262,10206 State Street
$1,295,000
$1,295,000
Est.Price: ?

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3,706 SqFt

10206 State Street Lynwood, CA 90262

Est. payment /mo
SOLD DATE : 08/02/2024

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Key Details

Sold Price $1,295,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,706 sqft

Price per Sqft $349

MLS Listing ID CRDW24056170

Sold Date 08/02/24

HOA Y/N No

Year Built 1953

Lot Size 5,263 Sqft

Acres 0.12

Property Sub-Type Other

Property Description

Price Reduced by $55,000. NOW SELLING at 6.6 cap rate.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 6.6 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 6.6 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.

Location

State CA

County Los Angeles

Zoning LYR3

Interior

Cooling None

Fireplace No

Laundry Laundry Room

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 6208008014

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Bridge MLS
Listed by Victor Ambriz Jr • Keller Williams SELA
Bought with JaimeRodriguez

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Ian Stapp

Ian Stapp

Agent | CA DRE#02177046

+1(209) 765-4712

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