Lynwood, CA 90262,3554 BRENTON AVE

$815,000

$850,000

4.1%
Est.Price: ?

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Est. payment /mo

7,840 Sqft Lot


SOLD DATE : 03/09/2021

Key Details

Sold Price $815,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB21006380

Sold Date 03/09/21

HOA Y/N No

Year Built 1956

Lot Size 7,840 Sqft

Property Description

Three (3) unit, single-story building built in 1956 with four (4) enclosed garage spaces. Offered at a 5.12% cap rate, this property delivers an excellent return from day one, with the ability to increase cash flow by increasing rents to market. The spacious 3 BD/2BA unit is currently rented well below market. All units larger than average featuring one (1), 1BD/1BA, one (1), 2BD/1BA and one (1) 3 BD/2BA with approximately 1,800 SF of living space. The 2 BD/1BA unit can be delivered vacant at the close of escrow. At $268/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. Big fenced patio with secure gate shared with the adjacent fourplex. Professionally managed, well maintained, and several units have been recently upgraded. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent fourplex located at 3552 Brenton Ave. MLS# SB21006639

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning LYR3YY

Interior

Interior Features All Bedrooms Down

Heating Central

Fireplace No

Appliance Disposal, Gas Range

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected

Roof Type Shingle

Parking Type Assigned

Total Parking Spaces 4

Private Pool No

Building

Lot Description Front Yard

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6191015002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joseph Franklin • Keller Williams Beach Cities
Bought with Sunny Choi • T.N.G. Real Estate Consultants
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