Property listed by Takeshi Kida, Takeshi Kida 347-885-1669
$2,290,000
On behalf of the ownership, we are pleased to exclusively offer this 8-unit, 8,256 square foot multifamily property located at 3745 East Imperial Highway, Lynwood, CA 90262. This offering represents a compelling opportunity to acquire a professionally managed apartment community with strong organic rent growth potential.
Constructed in 1968, the property… Read More sits on a large 10,417 square foot lot with a unit mix consisting of one 1bedroom 1 bath unit and seven 2bedroom 1 bath units. Three units have private patio spaces attached, while all units are equipped with air conditioners. As an added convenience to the residents, there is also a common area laundry room towards the rear of the property, four 2-car garages and four 1-car garages.
3745 East Imperial Highway is located in a highly accessible area of the city. Residents benefit from convenient proximity to the 105 & 710 freeways, and a wide array of neighborhood services, shopping & restaurants options that define the area's live-work-play appeal.
This offering presents a rare opportunity to acquire a well-located apartment community in a supply-constrained residential market. This asset offers durable in-place income with a clear avenue for operational upside. We look forward to discussing this offering in greater details with qualified purchasers and their agents. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.24 Acres
Year Built
1968
MLS Number
SB26225184
Additional Details
Building
Built in 1968, 1 building, Building faces South, 2 stories, Levels: Two, Entry level: 1, Entry location: Ground
Community
StreetLights, Sidewalks
Cooling
WallWindowUnits
Expenses
Electric: $1,399, Gardener: $4,680, Insurance: $6,373, Maintenance: $8,000, Operating: $79,800, Pest Control: $576, Trash: $7,168, Water/Sewer: $5,548, Other Expense: $1,000
Fireplaces
None
Garage
8 spaces
Heating
Electric
Home Owner's Association
Association Fee: $0
Income
Gross Income: $199,043, Gross ScheduledIncome: $199,043, Net Operating Income: $113,272
Laundry
CommonArea
Lot
0.2391 acres, ZeroToOneUnitAcre
Parking
12 total parking spaces, Assigned, GarageFacesRear, GarageFacesSide
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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