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3535 Los Flores Blvd
Lynwood, CA 90262

$1,075,000 USD

Apartments For Sale  •  3,617 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,617 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1948
  • Zoning R-3
0 Transit Score
88 Walk Score

Highlights

Six 1 bed/1 bath units in the city of Lynwood - Four unit single story building in the front and a two unit over garages in the rear
Strong cash flow day one at a 10 GRM and 5.82% cap rate - 23% upside in rents to achieve a pro forma 8% cap rate
One unit delivered vacant that is rent ready
Two out of the six subpanels have been replaced
Lynwood does not have municipal rent control - subject to AB-1482 allowing for higher rent increases
Opportunity to convert storage space below back building back into garages or convert into two ADU's

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Walking/Biking Trails
  • Kitchen
  • Oven
  • Range
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 7.6 mi
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 9.1 mi
Transit/SubwayDriveWalkDistance
Long Beach Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 19 min - 11.5 mi
Los Angeles International 18 min - 13.5 mi
Bob Hope 38 min - 26.5 mi
Jack Jorgensen 626-399-2415 Young Lewin Advisors
Jack Jorgensen 626-399-2415 Young Lewin Advisors