3535 Los Flores Blvd - Apartments FOR SALE
Lynwood, CA 90262 |
3535 Los Flores Blvd
Lynwood, CA 90262
HIGHLIGHTS
- Six 1 bed/1 bath units in the city of Lynwood - Four unit single story building in the front and a two unit over garages in the rear
- Strong cash flow day one at a 10 GRM and 5.82% cap rate - 23% upside in rents to achieve a pro forma 8% cap rate
- One unit delivered vacant that is rent ready
- Two out of the six subpanels have been replaced
- Lynwood does not have municipal rent control - subject to AB-1482 allowing for higher rent increases
- Opportunity to convert storage space below back building back into garages or convert into two ADU's
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
3617
STORIES
1
YEAR BUILT
1948
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
6191-014-020
