Highest cash flow 4 Plex in the city on a oversized lot! 3566Mulford Ave is a renovated 4plex located in Lynwood currentlyoperating at a 5.63% Cap Rate and 12.46 GRM. Idealopportunity for any value-add investor or owner user lookingto live in one unit while your tenants pay your mortgage. This2,161 square foot building is situated on a 8,939 square foot lot,zoned LYR3.Tremendous opportunity for a buyer to build either 2 or 4ADUS on-site using new Senate Bill SB1211. With just two ADUs, abuyer can reach a 11.32% CAP Rate or a 16.48% cap rate withbuilding 4. There are four single car garages in the rear thatcan be converted to an ADU and have an ADU built on topwhile maintaining parking, or you can remove parking alltogether and add an additional 4 units to the rear.The property features new double pain windows, individualgarages, large common area behind the garages andindividual water heaters. This is one of the best cash flowingassets in Lynwood. Ownership has completed interiorrenovations, exterior stucco and paint, added duel-panedvinyl windows, replaced the roof and garage doors.Whether you are an owner/user or investor, this is the perfectopportunity to break into the real estate market! The subjectproperty is located on a residential street with pride ofownership homes. It is in close proximity to LynwoodPark/Sports Complex/Recreation Area, City Hall, HenningYouth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.
|
DAYS ON MARKET
|
16
|
LAST UPDATED
|
10/24/2024
|
|
YEAR BUILT
|
1948
|
COMMUNITY
|
Lynwood
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
Lynwood |
| GARAGE |
Yes |
| LOT |
8939 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LYR3YY |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/8/24 1:43 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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