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3310 Palm AVE Lynwood, CA 90262
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Key Details
Sold Price $1,130,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,298 sqft
Price per Sqft $342
MLS Listing ID SB22250225
Sold Date 03/28/23
HOA Y/N No
Year Built 1940
Lot Size 8,145 Sqft
Property Description
Turnkey 3plex on a 8,145 Sq. Ft. Lot zoned LAR3 in a quiet residential neighborhood of Lynwood bringing $8,250 per month! Front house is a detached 3 Bedroom / 2 Bath unit built in 1940. The back two-story building consists of two 2 Bedroom / 2 Bath units (each has a bonus room) on top of the two single car garages. **Back building was built in 1990. All units are completely renovated with new gorgeous kitchens and baths and new wood laminate flooring. Rear structure just completed exterior painting and a new roof. Each unit is separately metered for gas and electricity. Rent roll (including the 10% increases) $2,970, $2,640, and $2,640 (total of $8,250/mo). Current Cap Rate 6.3%, GRM 11.6 plus additional upside!
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3*
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Wall Furnace
Fireplace No
Laundry Inside
Exterior
Garage Assigned
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description Walkstreet
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6176013017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
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