8,938 Sqft Lot
8,938 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24220035
HOA Y/N No
Year Built 1948
Lot Size 8,938 Sqft
Property Description
Mulford Ave is a renovated 4plex located in Lynwood currently
operating at a 5.63% Cap Rate and 12.46 GRM. Ideal
opportunity for any value-add investor or owner user looking
to live in one unit while your tenants pay your mortgage. This
2,161 square foot building is situated on a 8,939 square foot lot,
zoned LYR3.
Tremendous opportunity for a buyer to build either 2 or 4
ADUS on-site using new Senate Bill SB1211. With just two ADUs, a
buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with
building 4. There are four single car garages in the rear that
can be converted to an ADU and have an ADU built on top
while maintaining parking, or you can remove parking all
together and add an additional 4 units to the rear.
The property features new double pain windows, individual
garages, large common area behind the garages and
individual water heaters. This is one of the best cash flowing
assets in Lynwood. Ownership has completed interior
renovations, exterior stucco and paint, added duel-paned
vinyl windows, replaced the roof and garage doors.
Whether you are an owner/user or investor, this is the perfect
opportunity to break into the real estate market! The subject
property is located on a residential street with pride of
ownership homes. It is in close proximity to Lynwood
Park/Sports Complex/Recreation Area, City Hall, Henning
Youth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6173007007
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
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