3535 Los Flores Blvd - Apartments FOR SALE


Lynwood, CA 90262
$1,075,000 USD
626-399-2415
3535 Los Flores Blvd, Lynwood, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/9
null | 5.82% Cap Rate

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

OVERVIEW

Young Lewin Advisors is pleased to present 3535 Los Flores Blvd, a six-unit apartment building in the city of Lynwood to market. The property features a desirable layout consisting of a single-story four-unit building in the front, complemented by a two-unit structure situated above garages in the rear. One unit is currently vacant and rent ready. The asset offers strong cash flow from day one, operating at a 10.0 GRM and a 5.82% cap rate, with approximately 23% rental upside available. Achieving market rents would elevate the property to a pro forma 8% cap rate. Recent upgrades include the replacement of two of the six electrical subpanels, along with new individual water heaters installed for each unit. Lynwood does not impose municipal rent control and is instead governed under AB-1482, allowing for higher annual rent increases compared to nearby cities. Currently, the garage spaces beneath the rear building have been converted into individual storage units for tenants, offering flexible future use. A new owner may choose to restore them to functional garages, continue generating income through storage rentals, or convert the space into two ADUs to further increase revenue.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

6

PRICE/UNIT

$179,167

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R-3

APN/PARCEL ID

6191-014-020

ASK ABOUT THIS PROPERTY

Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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