3566 Mulford Avenue
Lynwood, CA 90262
- – beds
- – baths
- – sqft
- 8,939 sqft lot
- 1948 build
- – on site
Property will be open Saturday: November 23rd from 2pm - 4pm. Highest cash flow 4 Plex in the city on a oversized lot! 3566 Mulford Ave is a renovated 4plex located in Lynwood currently operating at a 5.63% Cap Rate and 12.46 GRM. Ideal opportunity for any value-add investor or owner user looking to live in one unit while your tenants pay your mortgage. This 2,161 square foot building is situated on a 8,939 square foot lot, zoned LYR3. Tremendous opportunity for a buyer to build either 2 or 4 ADUS on-site using new Senate Bill SB1211. With just two ADUs, a buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with building 4. There are four single car garages in the rear that can be converted to an ADU and have an ADU built on top while maintaining parking, or you can remove parking all together and add an additional 4 units to the rear. The property features new double pain windows, individual garages, large common area behind the garages and individual water heaters. This is one of the best cash flowing assets in Lynwood. Ownership has completed interior renovations, exterior stucco and paint, added duel-paned vinyl windows, replaced the roof and garage doors. Whether you are an owner/user or investor, this is the perfect opportunity to break into the real estate market! The subject property is located on a residential street with pride of ownership homes. It is in close proximity to Lynwood Park/Sports Complex/Recreation Area, City Hall, Henning Youth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.
Last checked:
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Last updated Nov 13, 2024
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MLS# SB24220035 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1948
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:2443.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
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# of Separate Gas Meters:4
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# of Separate Water Meters:1
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# of Separate Electric Meters:4
Interior
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Entry Location:1
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Laundry:Inside
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Laundry:1
Location
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Directions:Off Imperial Hwy and Long Beach Blvd
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Latitude:33.92690900
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Longitude:-118.20686800
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LYR3YY
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Lot Features:0-1 Unit/Acre
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Lot Size Area:8939.0000
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Lot Size Acres:0.2052
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Lot Size SqFt:8939.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5402.03
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Tax Tract:2551
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Tax Lot:357
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6173007007
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Showings Begin:2024-10-24
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Urban
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/24/24
Oct 24, 2024
|
Listed / Active | CRMLS_CA | $1,150,000 | 103.5% (13.8% / YR) |
|
4/26/17
Apr 26, 2017
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CRMLS_CA | $565,000 |
