3382 Norton Avenue, Lynwood, CA 90262 | Listings

3382 Norton Avenue, Lynwood, CA 90262

  • $1,250,000
  • 4,922 sq ft
  • Year Built: 1958
  • Multi-Unit
  • Listing #319001315

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.

Listing Details

Price$1,250,000
Year Built1958
Property TypeMulti-Unit
Listing #319001315
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet4,922

Exterior Features

Lot Size0.20 acres

Courtesy of Alex Nahle, NextHome Luxe Group

This content last updated on 4/18/2019 11:24 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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