Exceptional Investment Opportunity in Lynwood! Discover the potential of this 5-unit property, perfectly suited for investors seeking steady rental income. Each unit offers a unique layout, including a mix of 1, 2, and 3-bedroom options. With long-term tenants in place and room for value-add improvements, this property presents a solid foundation for growth. Conveniently located in a high-demand rental market, it offers easy access to local amenities, schools, and major transportation routes. Don’t miss the chance to add this income-generating property to your portfolio!
Property Sub Type:
Apartment
Property Attached:
No
Lot Area:
5,287 sq. ft.491 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1959
(Age: 66)
General Listing Location:
Lynwood, RM - Lynwood
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas
Common Interest:
Community Apartment
Gross Income:
$84,360
Gross Scheduled Income:
$84,360
Net Operating Income:
$70,667
Rent Control:
Yes
Association Fee:
$0
Land Lease:
No
Cable TV Expense:
$0
Electric Expense:
$720
Fuel Expense:
$0
Furniture Replacement Expense:
$0
Gardener expense:
840.0
Insurance Expense:
$3,174
Licenses expense:
115.0
Taxes expense:
13500.0
Operating Expense:
$13,693
Pest control expense:
$520
Pool expense:
$0
Professional Management Expense:
$5,089
Supplies Expense:
$0
Trash Expense:
$1,888
Water and Sewer Expense:
$1,980
Workmans Compensation Expense:
$0
Tax Lot:
45
From I-105 W/Century Fwy Take exit 12 for Long Beach Blvd, Follow Long Beach Blvd to Wisconsin Ave
View:
Neighborhood
Accessibility Features:
None
Number of Buildings:
1
# of Electric Meters:
5
# of Gas Meters:
5
# of Water Meters:
1
Community Features:
Street Lights, Sidewalks
Senior Community:
No
Laundry Features:
Common Area
Pool Features:
None
Private Pool:
No
Lot Features:
Walkstreet
Fireplace Features:
None
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
1
Construction Materials:
Stucco, Wood Siding
New Constr.:
No
Flooring:
Carpet, Laminate
Roof:
Shingle
Common Walls:
No Common Walls
# Units:
5
Heating:
Wall Furnace
Fireplace:
No
Cooling:
Wall/Window Unit(s)
Utilities:
Cable Available, Electricity Available, Natural Gas Connected, Sewer Connected