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$ 1,550,000
Est. payment /mo
New
3346 Martin Luther King Jr BLVD Lynwood, CA 90262
12 Beds
8 Baths
4,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $387
MLS Listing ID 26855073
Bedrooms 12
HOA Y/N No
Year Built 1983
Lot Size 8,712 Sqft
Property Description
Exceptional investment opportunity to acquire a well-maintained fourplex built in 1983, situated on an expansive approximately 8,710 square foot lot. The property consists of four spacious 3-bedroom, 2-bath units, each offering approximately 1,000 square feet of living space, creating an attractive unit mix that is consistently in demand. Designed for tenant comfort and long-term occupancy, every unit features washer and dryer hookups, a private garage, and an additional covered carport parking space amenities that help attract and retain quality tenants. Several units were remodeled in 2000 and have been thoughtfully updated and maintained over the years as needed, reflecting pride of ownership throughout the property. An additional advantage is that the property is not subject to local rent control, providing investors with greater flexibility for future rental adjustments in accordance with applicable California law. The multifamily zoning may provide additional value-add opportunities, including the potential for ADU development or future expansion, subject to buyer verification with the City. Ideally located with convenient access to shopping, schools, parks, public transportation, and major freeways, this turnkey asset presents an outstanding opportunity for investors seeking stable income with long-term appreciation potential.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3*
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Gas Range
Exterior
Parking Features Detached Carport, Door-Single, Garage
Garage Spaces 4.0
Garage Description 4.0
Community Features Gated
View Y/N No
View None
Total Parking Spaces 8
Building
Entry Level Two,Multi/Split
Architectural Style Mid-Century Modern
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6191001025
Security Features Gated Community
Special Listing Condition Standard
Listed by Michael Shadgou Coldwell Banker Realty #02116859