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    5221 Elmwood Avenue

    Lynwood, CA 90262
    • $2,399,950
    • STATUS: Active
    • ON SITE: 187 days
    • ID#: 20643700
    UPDATED: 77 min ago
    $2,399,950
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,351
      SQFT
    • $552
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2016
    County:
    Area:

    School Ratings & Info

    Description

    Non-Rent Controlled, located on a quiet residential block E of Atlantic Ave. and S of Imperial Hwy. One-story building, adjacent alley, (6) apartment units. Great unit mix, (4) three-bedroom and (2) two-bedroom units. Remodeled bright and spacious units that average over 800 SF. ***Potential to add additional Accessory Dwelling Units (ADU) (+/-1,772 SF) and potential to convert into an ADA Accessible Senior Housing community. Well-maintained property; upgraded electrical, copper plumbing, in-unit laundry, artificial No maintenance faux-grass throughout and fully fenced and gated. Garage spaces for each unit, plus open driveway, and alley parking. 5221 Elmwood Ave. presents a significant value-add opportunity to investors, as current rents are below market value for these nicely remodeled units in the area. PLEASE DO NOT WALK ON PROPERTY, DO NOT DISTURB OCCUPANTS, CONFIDENTIAL SALE

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T18:24:36.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/110831114
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    5221 Elmwood Avenue Lynwood, CA 90262

    • Price: $2,399,950
    • Status: Active
    • Updated: 77 min ago
    • ID#: 20643700
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    4,351
    SQFT
    $552
    $/SQFT
    2016
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    Property Description
    Non-Rent Controlled, located on a quiet residential block E of Atlantic Ave. and S of Imperial Hwy. One-story building, adjacent alley, (6) apartment units. Great unit mix, (4) three-bedroom and (2) two-bedroom units. Remodeled bright and spacious units that average over 800 SF. ***Potential to add additional Accessory Dwelling Units (ADU) (+/-1,772 SF) and potential to convert into an ADA Accessible Senior Housing community. Well-maintained property; upgraded electrical, copper plumbing, in-unit laundry, artificial No maintenance faux-grass throughout and fully fenced and gated. Garage spaces for each unit, plus open driveway, and alley parking. 5221 Elmwood Ave. presents a significant value-add opportunity to investors, as current rents are below market value for these nicely remodeled units in the area. PLEASE DO NOT WALK ON PROPERTY, DO NOT DISTURB OCCUPANTS, CONFIDENTIAL SALE
    Exterior Features

    Architectural Style Bungalow Direction Faces South Garage Spaces 12.00 Lot Features Back YardFront YardLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDirect Garage Access Parking Total 12.00 Parking YN Yes View Courtyard View YN Yes

    Interior Features

    Cooling Gas Cooling YN Yes Heating Forced Air Heating YN Yes Window Features Double Pane Windows

    Property Features

    Accessibility Features 2+ Access ExitsNo Interior Steps Country Us Financial Info As Of 2020-10-08 00:00:00 Gross Income 137625.00 Gross Multiplier 18.87 Gross Operating Income 137625.00 Land Lease YN No Net Operating Income 128275.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Gated CommunitySmoke Detector(S)Carbon Monoxide Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasInsurance Total Expenses 9350.00 Vacancy Allowance Rate 0.00 Zoning Lyr3yy

    Listing provided courtesy of L.J Mismas of Westside Pacific Estates Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-14T18:24:36.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
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    Mission Viejo CA, 92691