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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,550,000

Est. payment - /mo

12 Beds

8 Baths

4,000 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $387

MLS Listing ID 26855073

Bedrooms 12

HOA Y/N No

Year Built 1983

Lot Size 8,712 Sqft

Property Description

Exceptional investment opportunity to acquire a well-maintained fourplex built in 1983, situated on an expansive approximately 8,710 square foot lot. The property consists of four spacious 3-bedroom, 2-bath units, each offering approximately 1,000 square feet of living space, creating an attractive unit mix that is consistently in demand. Designed for tenant comfort and long-term occupancy, every unit features washer and dryer hookups, a private garage, and an additional covered carport parking space amenities that help attract and retain quality tenants. Several units were remodeled in 2000 and have been thoughtfully updated and maintained over the years as needed, reflecting pride of ownership throughout the property. An additional advantage is that the property is not subject to local rent control, providing investors with greater flexibility for future rental adjustments in accordance with applicable California law. The multifamily zoning may provide additional value-add opportunities, including the potential for ADU development or future expansion, subject to buyer verification with the City. Ideally located with convenient access to shopping, schools, parks, public transportation, and major freeways, this turnkey asset presents an outstanding opportunity for investors seeking stable income with long-term appreciation potential.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning LYR3*

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Gas Range

Exterior

Parking Features Detached Carport, Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

Community Features Gated

View Y/N No

View None

Total Parking Spaces 8

Building

Entry Level Two,Multi/Split

Architectural Style Mid-Century Modern

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6191001025

Security Features Gated Community

Special Listing Condition Standard

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Listed by Michael Shadgou Coldwell Banker Realty #02116859

NEARBY SCHOOL & BUSINESS

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3346 Martin Luther King Jr BLVD Lynwood, CA 90262