3310 Palm Avenue
Lynwood, CA 90262
0.19 acres | #SB22250225
Description
Turnkey 3plex on a 8,145 Sq. Ft. Lot zoned LAR3 in a quiet residential neighborhood of Lynwood bringing $8,250 per month! Front house is a detached 3 Bedroom / 2 Bath unit built in 1940. The back two-story building consists of two 2 Bedroom / 2 Bath units (each has a bonus room) on top of the two single car garages. **Back building was built in 1990. All units are completely renovated with new gorgeous kitchens and baths and new wood laminate flooring. Rear structure just completed exterior painting and a new roof. Each unit is separately metered for gas and electricity. Rent roll (including the 10% increases) $2,970, $2,640, and $2,640 (total of $8,250/mo). Current Cap Rate 6.3%, GRM 11.6 plus additional upside!
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Olga Wright (#SBWRIGOLG)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
Listing Courtesy (Buyer)
Buyer's Agent: Brett Lyon (#SBLYONBRE)
