Lynwood, CA 90262,3147 E Imperial
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Lynwood, CA 90262,3147 E Imperial

$825,000

Est. payment /mo
Est.Price: ?

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3147 E Imperial Lynwood, CA 90262

SOLD DATE : 05/23/2018

Key Details

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR18064363

Year Built 1964

Property Description

Condo-Style 4plex, all 4 units have been remodeled with tile flooring, new wall heaters, 2 units with upgraded electrical and new exterior paint! Total 4 Huge units, TWO 2 Bed/1.5 baths (2-story condo-style units) and TWO 800-900 sqft 1 Bed/1 bath Condo-style units. Total 6 large single-car parking garage with new garage doors about 2 years old, each unit is assigned one-car garage. Extra 2 garages can be rent out as extra parking income. Laundry room on property, laundry hook-up installed. Currently occupied by on-site property manager, can be use for extra laundry income. Property can park an additional 7 more cars, totaling 13 parking spaces. This property is located in a prime location, conveniently located near Lynwood Shopping Plaza, restaurants and school. Easily rent out, fully occupied. No Rent control, minimal maintenance. Net Income about $46,228 AFTER New Tax, 5.6% cap rate! Rents are low now, and have lots of room to go up, plus extra garage rental and laundry incomes!

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning LYC3*

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Laundry Common Area

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Street Lights

Building

Lot Description Walkstreet

Sewer Sewer Tap Paid

Water Public

New Construction No

Others

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Danny Hy • Coldwell Banker George Realty
Bought with Danny Hy • Coldwell Banker George Realty

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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