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$ 850,000
Est. payment | /mo
7,723 Sqft Lot
$ 850,000
Est. payment | /mo
7,723 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25263422
HOA Y/N No
Year Built 1949
Lot Size 7,723 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 3580 Beechwood Ave, a single-story four-unit apartment in the city of Lynwood to market. Ideally located just down the street from St. Francis Medical Center, the asset features a desirable unit mix of all one bed/one bath units. The property sits on a large 7,722 square foot lot with four covered parking spaces in the rear carport and additional on-site parking for tenants.
Current rents are approximately 30% below market rate, offering substantial upside in future rental income for a new investor. Lynwood does not have municipal rent control and is governed under AB-1482, allowing for higher allowable rent increases compared to surrounding cities. Further enhancing the value, the expansive lot provides the potential to construct up to four ADUs in the rear utilizing SB-1211.
Current rents are approximately 30% below market rate, offering substantial upside in future rental income for a new investor. Lynwood does not have municipal rent control and is governed under AB-1482, allowing for higher allowable rent increases compared to surrounding cities. Further enhancing the value, the expansive lot provides the potential to construct up to four ADUs in the rear utilizing SB-1211.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6173011007
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
Listed by Jackson Jorgensen Younglewin Advisors, Inc. jack@younglewin.com