12041 Peach St - Apartments FOR SALE


Lynwood, CA 90262
$1,100,000 USD
949-419-3222
12041 Peach St, Lynwood, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/3
null | 4.24% Cap Rate

12041 Peach St
Lynwood, CA 90262


HIGHLIGHTS

  • Single story units
  • Below market rent
  • Garage parking

OVERVIEW

This offering is a 6 unit single story apartment complex in the City of Lynwood. All units are one bedroom one bath units which are separately metered for gas and electricity. The property is located on a quiet residential street surrounded by single family homes and small apartments. The property has six single car garages in the rear which may provide a new Buyer the ability to convert to ADU's (Buyer to verify with the City of Lynwood). The City of Lynwood is a dense infill location and doesn't have a local rent control ordinance. This offering provides a new owner significant upside in rents upon turnover of the current tenants.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

4.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3

APN/PARCEL ID

6168-016-021

ASK ABOUT THIS PROPERTY

John SusankMarcus & MillichapMore Info
949-419-3222

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John SusankMarcus & MillichapMore Info
949-419-3222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.