$1,825,000
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3745 E Imperial Lynwood, CA 90262
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB18089072
Year Built 1968
Property Description
The Ensbury Group of KW Commercial is pleased to exclusively offer for sale this 8-unit turn key multifamily property in a prime Lynwood location on Imperial Ave. This 8-unit property features seven very large 2 Bd/1 Ba units and one large 1 Bd/1 Ba unit. The average unit size is 1,302 sq. ft.
There are 12 garages located under the building. Since purchasing the property in 2012, the owner has completed interior rehabs on 7 of the 8 units, outfitting each of the rehabbed units with plank tile flooring, granite counter tops, and tile showers. The owner also completed a full exterior rehab, consisting of a new roof, new paint job, replacement of fascia boards and siding, repairs to the stairs, and new heavy duty garage doors. Rents are close to market, with some additional rent upside still able to be achieved. The actual cap rate is 4.94% and the actual GRM is 12.25. The property is fully occupied. Please call listing agent for a current rent roll and complete construction rehab schedule.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 12.0
Garage Description 12.0
Pool None
Community Features Suburban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with John Mociak • Keller Williams Beach Cities