3566 Mulford Avenue, Lynwood, CA 90262

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Property Description

Highest cash flow 4 Plex in the city on a oversized lot! 3566 Mulford Ave is a renovated 4plex located in Lynwood currently operating at a 5.63% Cap Rate and 12.46 GRM. Ideal opportunity for any value-add investor or owner user looking to live in one unit while your tenants pay your mortgage. This 2,161 square foot building is situated on a 8,939 square foot lot, zoned LYR3. Tremendous opportunity for a buyer to build either 2 or 4 ADUS on-site using new Senate Bill SB1211. With just two ADUs, a buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with building 4. There are four single car garages in the rear that can be converted to an ADU and have an ADU built on top while maintaining parking, or you can remove parking all together and add an additional 4 units to the rear. The property features new double pain windows, individual garages, large common area behind the garages and individual water heaters. This is one of the best cash flowing assets in Lynwood. Ownership has completed interior renovations, exterior stucco and paint, added duel-paned vinyl windows, replaced the roof and garage doors. Whether you are an owner/user or investor, this is the perfect opportunity to break into the real estate market! The subject property is located on a residential street with pride of ownership homes. It is in close proximity to Lynwood Park/Sports Complex/Recreation Area, City Hall, Henning Youth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.


Interior Features

Laundry Information
Location(s) Inside
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 3566 Mulford Avenue
City Lynwood
State CA
Zip 90262
County Los Angeles
Listing Agent Cameron Samimi DRE #02035763
Co-Listing Agent Michael Padilla DRE #01993341
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
List Price $1,150,000
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 8,939
Year Built 1948

Listing information courtesy of: Cameron Samimi, Michael Padilla, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 1:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.