3554 BRENTON Avenue, Lynwood, CA 90262
- $815,000
- Sold Price
- $815,000
- List Price
- $850,000
- Closing Date
- Mar 09, 2021
- Status
- CLOSED
- MLS#
- SB21006380
- Year Built
- 1956
- Lot Size
- 7,785
- Acres
- 0.18
- Lot Location
- Front Yard
- Days on Market
- 21
- Property Type
- Multifamily
- Stories
- One Level
Property Description
Three (3) unit, single-story building built in 1956 with four (4) enclosed garage spaces. Offered at a 5.12% cap rate, this property delivers an excellent return from day one, with the ability to increase cash flow by increasing rents to market. The spacious 3 BD/2BA unit is currently rented well below market. All units larger than average featuring one (1), 1BD/1BA, one (1), 2BD/1BA and one (1) 3 BD/2BA with approximately 1,800 SF of living space. The 2 BD/1BA unit can be delivered vacant at the close of escrow. At $268/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. Big fenced patio with secure gate shared with the adjacent fourplex. Professionally managed, well maintained, and several units have been recently upgraded. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent fourplex located at 3552 Brenton Ave. MLS# SB21006639
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Additional Information
- Appliances
- Disposal, Gas Range
- Pool Description
- None
- Heat
- Central
- Roof
- Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $63,780
- Operating Expense
- 18344
Listing courtesy of Listing Agent: Joseph Franklin (joe@theensburygroup.com) from Listing Office: Keller Williams Beach Cities.
Listing sold by Sunny Choi from T.N.G. Real Estate Consultants
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.