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    3554 Brenton Avenue

    Lynwood, CA 90262
    • $850,000
    • STATUS: Active Under Contract
    • ON SITE: 49 days
    • ID#: SB21006380
    Under Contract
    UPDATED: 23 min ago
    $850,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,165
      SQFT
    • $269
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Ratings & Info

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T20:33:06.27. 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 Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/113188656
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    3554 Brenton Avenue Lynwood, CA 90262

    • Price: $850,000
    • Status: Active Under Contract
    • Updated: 23 min ago
    • ID#: SB21006380
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,165
    SQFT
    $269
    $/SQFT
    1956
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    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
    Exterior Features

    Garage Spaces 4.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Shingle

    Interior Features

    Appliances DisposalGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Heating Central Heating YN Yes Laundry Features Gas Dryer HookupWasher Hookup Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.12 Community Features Urban Country Us Elevation Units Feet Gross Income 63780.00 Gross Multiplier 13.33 Gross Operating Income 61867.00 Gross Scheduled Income 63780.00 Insurance Expense 754.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3093.00 Maintenance Percent 5.00 Net Operating Income 41521.00 New Construction YN No New Taxes Expense 10553.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 18344.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 59280.00 Total Expenses 18344.00 Trash Expense 880.00 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 2055.00 Water Source Public Year Built Source Assessor Zoning Lyr3yy

    Listing provided courtesy of Joseph Franklin of Keller Williams Beach Cities and Martin Ensbury of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T20:33:06.27. 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 Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.

     
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