FOR SALE
$ 1,250,000 Est. Payment

3382 Norton Avenue

Lynwood, CA 90262
Cluster
Residence
4,922
Sq. Ft.
0.2027
Acre Lot
1of
Map
Photos
Courtesy: Ali Nahle - Nexthome Luxe Group
Come check out this great 5-unit cash flowing property in the city of Lynwood! The building consists of one 3 beds 2 bath unit, and four 2 bed 1 bath units. Its located on a side street by bustling Long Beach Boulevard and offers up an enticing list of must-haves for any real estate investor, new or seasoned. This multifamily property is conveniently situated within walking distance to all major eateries, health centers, bus stops, businesses, and elementary/high schools. In addition to the abundance of convenient benefits provided by its location, your tenants will be able to enjoy substantial off-street parking as well. All tenants are currently on month-to-month leases that gross $96,000 annually; therefore, investors looking for healthy cash flow with upside potential will most certainly want to take advantage of this investment opportunity, with the property having an actual gross monthly income of $8,000. Currently, Lynwood is free of rent control and current rents have been in place for over 14 months. The healthy mix of three and two-bedroom units allows for fewer turnovers, minimizing the expenses necessary to operate the investment. DO NOT disturb tenants.
319001315
Cluster, 2 Story
Los Angeles
1958
0.2027 Acres
2
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
People
Zip
City
County
National
70,650
71,989
10,170,292
321,418,820
14,618
14,626
2,458
89
4.4
4.5
3
2.6
28.6
28.5
35.3
37.4
$42,057
$41,930
$55,870
$53,482
$12,601
$12,580
$27,987
$28,555
 
Economy
Zip
City
County
National
6.40 %
6.40 %
5.20 %
5.20 %
1.40 %
1.40 %
1.40 %
1.60 %
36.40 %
36.40 %
37.60 %
38.00 %
9.00 %
9.00 %
9.00 %
6.00 %
8.00 %
8.00 %
8.00 %
4.60 %
127
127
156
100
 
Environment
Zip
City
County
National
69
85
2245
1443
13.9
13.9
16.9
39.2
0
0
0.3
25.8
48.9
48.9
45.5
22.6
76.5
76.5
84.3
86.1
28
28
32
102
278
287
283
205
85
85
86
54
Source: Sperling's Best Places
Courtesy: Ali Nahle - Nexthome Luxe Group
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 4/19/2019 11:45 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.