Lynwood, CA 90262,10206 State ST
Lynwood, CA 90262,10206 State ST
Lynwood, CA 90262,10206 State ST
8
$1,295,000
$1,295,000
Est.Price: ?

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5,262 Sqft Lot

10206 State ST Lynwood, CA 90262

Est. payment /mo
SOLD DATE : 08/02/2024

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Key Details

Sold Price $1,295,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW24056170

Sold Date 08/02/24

HOA Y/N No

Year Built 1953

Lot Size 5,262 Sqft

Property Description

Price Reduced by $55,000. NOW SELLING at 6.6 cap rate.Proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.6 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry. This is an excellent investment opportunity because of its great location, strong unit mix and upside in rental income. Investment Highlights ? 5 unit property ? 3 renovated units ? Stabilized rents on all 5 units 6.6 Cap rate based on current rents. Perfect for any investor look for upleg from smaller units. Please don't disturb the tenants if you have any questions call or email me.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning LYR3YY

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6208008014

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Victor Ambriz Jr • Keller Williams SELA • victor@ambrizandassociates.net
Bought with Jaime Rodriguez • Big Blue House Real Estate

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Leo Chen

Agent | License ID: 01958853

+1(949) 238-2346

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