Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    3566 Mulford Avenue, Lynwood, CA 90262
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    3566 Mulford Avenue
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    • MLS#: SB24220035 ( Quadruplex )
    • Street Address: 3566 Mulford Avenue
    • Viewed: 2
    • Price: $1,150,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1948
    • Bldg sqft: 0
    • Days On Market: 163
    • Additional Information
    • County: LOS ANGELES
    • City: Lynwood
    • Zipcode: 90262
    • Provided by: Lyon Stahl Investment Real Estate, Inc.
    • Contact: Cameron Cameron
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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.
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    Features
    Building Area Total
    1. 2443.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 74
    Garage Spaces
    1. 4.00
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Inside
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 64706.00
    Parcel Number
    1. 6173007007
    Pool Features
    1. None
    Postalcodeplus4
    1. 3492
    Property Type
    1. Quadruplex
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 425875461:CRM
    Totalexpenses
    1. 24829.00
    Trash Expense
    1. 0.00
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1948
    Year Built Source
    1. Assessor
    Zoning
    1. LYR3YY
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836