Lynwood, CA 90262,3382 Norton AVE
Lynwood, CA 90262,3382 Norton AVE
Lynwood, CA 90262,3382 Norton AVE
Lynwood, CA 90262,3382 Norton AVE
Lynwood, CA 90262,3382 Norton AVE
Lynwood, CA 90262,3382 Norton AVE
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$1,143,000

$1,250,000

8.6%
Est.Price: ?

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Est. payment /mo

8,829 Sqft Lot


SOLD DATE : 07/12/2019

Key Details

Sold Price $1,143,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-105

MLS Listing ID 319001315

Sold Date 07/12/19

HOA Y/N No

Year Built 1958

Annual Tax Amount $11,730

Lot Size 8,829 Sqft

Property Description

Come check out this great 5-unit cash flowing property in the city of Lynwood! The building consists of one 3 beds 2 bath unit, and four 2 bed 1 bath units. Its located on a side street by bustling Long Beach Boulevard and offers up an enticing list of must-haves for any real estate investor, new or seasoned. This multifamily property is conveniently situated within walking distance to all major eateries, health centers, bus stops, businesses, and elementary/high schools. In addition to the abundance of convenient benefits provided by its location, your tenants will be able to enjoy substantial off-street parking as well. All tenants are currently on month-to-month leases that gross $96,000 annually; therefore, investors looking for healthy cash flow with upside potential will most certainly want to take advantage of this investment opportunity, with the property having an actual gross monthly income of $8,000. Currently, Lynwood is free of rent control and current rents have been in place for over 14 months. The healthy mix of three and two-bedroom units allows for fewer turnovers, minimizing the expenses necessary to operate the investment. DO NOT disturb tenants.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning LYR3YY

Interior

Flooring Carpet, Wood

Fireplace No

Exterior

Garage Carport, One Space

View Y/N No

Parking Type Carport, One Space

Private Pool No

Building

Lot Description Front Yard

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Tax ID 6191007005

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ali Nahle • NextHome Luxe Group
Bought with Ali Nahle • NextHome Luxe Group
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6201 E Bayshore Walk, Beach, CA, 90804, USA

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