10500 Long Beach Boulevard, Lynwood, CA 90262
  • MLS#: PW25071131 ( Commercial/Residential )
  • Street Address: 10500 Long Beach Boulevard
  • Viewed: 3
  • Price: $1,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: LOS ANGELES
  • City: Lynwood
  • Zipcode: 90262
  • Provided by: Keller Williams Coastal Prop.
  • Contact: Alex Alex
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Take advantage of attractive seller financing30 year fixed, fully amortizedon this value add 7 unit multifamily opportunity in a high demand rental market. Currently operating at a 5.20% Cap Rate and 12.40 GRM ($13,110 per month), the property allows for solid income growth potential. Built in 1963, it features an ideal all two bedroom unit mix, 4,900 SF of rentable space, and sits on a 7,670 SF lot with 14 total parking spaces (7 garages + 7 tandem). Separately metered for electric (all electric building), this asset offers both operational efficiency and long term upside, with potential to add an additional unit. Centrally located near jobs, transit, and amenities, it's well positioned for sustained tenant demand. Dont miss this rare opportunity to secure long term, stable financing and immediate cash flowschedule a tour today.
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Features
Building Area Total
  1. 4900.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Electric
Country
  1. US
Electric Expense
  1. 200.00
Fireplace Features
  1. None
Fuel Expense
  1. 525.00
Garage Spaces
  1. 7.00
Heating
  1. Electric
Insurance Expense
  1. 5880.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 101349.00
Parcel Number
  1. 6208016025
Pool Features
  1. None
Postalcodeplus4
  1. 1639
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435422481:CRM
Tenant Pays
  1. Electricity
Totalactualrent
  1. 13110.00
Totalexpenses
  1. 51252.00
Trash Expense
  1. 1800.00
Utilities
  1. Electricity Available
  2. Electricity Connected
  3. Water Connected
Vacancyallowance
  1. 4720
Water Sewer Expense
  1. 4800.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Public Records
Zoning
  1. LYC3*