Prime 5-Unit Investment Opportunity in Lynwood! Seize this exceptional investment opportunity with this income-producing 5-unit property, now offering higher rental income and strong financials! Featuring a mix of 1, 2 bedroom units, this well-maintained asset is fully occupied with long-term tenants, ensuring stability and growth. Gross Scheduled Income: $89,640 - Net Operating Income: $77,077 - Monthly Rents -Unit A: $1,390, Unit B: $1,410, Unit C: $1,640, Unit D: $1,410 and Unit E: $1,620. Strategically located in a high-demand rental market. This property features secure parking for tenants, well kept and is close to schools, shopping, and major transportation routes, making it an ideal choice for tenants and a lucrative asset for investors. With strong cash flow, room for future appreciation, and a prime location, this property is the perfect addition to any investor’s portfolio. Don’t miss out!
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:
$89,640
Gross Scheduled Income:
$89,640
Net Operating Income:
$77,077
Cap Rate %:
5.93
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:
$6,500
Licenses expense:
115.0
Taxes expense:
13500.0
Operating Expense:
$12,563
Pest control expense:
$520
Pool expense:
$0
Professional Management Expense:
$0
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:
In Garage
Pool Features:
None
Private Pool:
No
Lot Features:
Walkstreet
Fireplace Features:
None
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
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