Property listed by Younglewin Advisors, Inc., Jackson Jorgensen [email protected]
$850,000
We are pleased to present 3580 Beechwood Ave, a single-story four-unit apartment in the city of Lynwood to market. Ideally located just down the street from St. Francis Medical Center, the asset features a desirable unit mix of all one bed/one bath units. The property sits on a large 7,722… Read More square foot lot with four covered parking spaces in the rear carport and additional on-site parking for tenants.
Current rents are approximately 30% below market rate, offering substantial upside in future rental income for a new investor. Lynwood does not have municipal rent control and is governed under AB-1482, allowing for higher allowable rent increases compared to surrounding cities. Further enhancing the value, the expansive lot provides the potential to construct up to four ADUs in the rear utilizing SB-1211. Read Less
Listing Snapshot
Days Online
44
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1949
MLS Number
PW25263422
Additional Details
Building
Built in 1949, 1 building, 1 storey, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $27,779
Garage
4 spaces
Income
Gross Income: $44,640, Gross ScheduledIncome: $44,640, Net Operating Income: $15,522
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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