NEW! Buy and sell safely with virtual options - Learn More
About the Listing SB1310620 - SBHARLLAR
We are pleased to present 3310 Palm Avenue, a well-maintained triplex offering an excellent opportunity for both owner-users and investors. The front of the property features a detached 3-bedroom, 2-bathroom residence (1,220 sq ft), which will be delivered vacant. The rear structure, constructed in 1990, consists of a duplex with two 2-bedroom, 2-bathroom units, along with a bonus room above two single-car garages. Both buildings have been recently improved with new roofs, updated electrical panels, and include in-unit laundry hookups. The two rear units are currently rented at $2,787 each, and the front house is projected to rent for approximately $3,400, bringing total potential income to nearly $9,000 per month. If fully leased, the property is will operate at a 6.51% CAP rate and 11.14 GRM. Based on current financing assumptions, the property is projected to generate over $20,000 per year in positive cash flow. Ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico, with convenient access to the 105 and 710 freeways, this is a compelling opportunity for an investor or an owner-occupant looking to offset their mortgage with strong rental income.
Listing Highlights
Status
Pending
Days on Site
86
Property Type
Multi-Family
MLS ®
SB26039548
Year Built
1990
Total Square Footage
3,298
Lot/Acreage
0.19
County
Los Angeles
Area
RM - Lynwood
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Lawn,Landscaped,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 8
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6176013017
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
3310 Palm Ave Lynwood, CA 90262
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
