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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,200,000

Est. payment - /mo

8,145 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26039548

HOA Y/N No

Year Built 1990

Lot Size 8,145 Sqft

Property Sub-Type Triplex

Property Description

We are pleased to present 3310 Palm Avenue, a well-maintained triplex offering an excellent opportunity for both owner-users and investors. The front of the property features a detached 3-bedroom, 2-bathroom residence (1,220 sq ft), which will be delivered vacant. The rear structure, constructed in 1990, consists of a duplex with two 2-bedroom, 2-bathroom units, along with a bonus room above two single-car garages.

Both buildings have been recently improved with new roofs, updated electrical panels, and include in-unit laundry hookups.

The two rear units are currently rented at $2,787 each, and the front house is projected to rent for approximately $3,400, bringing total potential income to nearly $9,000 per month. If fully leased, the property is will operate at a 6.51% CAP rate and 11.14 GRM.

Based on current financing assumptions, the property is projected to generate over $20,000 per year in positive cash flow.

Ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico, with convenient access to the 105 and 710 freeways, this is a compelling opportunity for an investor or an owner-occupant looking to offset their mortgage with strong rental income.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Park, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Lawn, Landscaped

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6176013017

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Larson Harley Lyon Stahl Investment Real Estate, Inc. 949-933-1112, DRE #02045736

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3310 Palm Ave Lynwood, CA 90262