REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,075,000
Est. payment /mo
New
3535 Los Flores Lynwood, CA 90262
9,208 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25263435
HOA Y/N No
Year Built 1948
Lot Size 9,208 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present 3535 Los Flores Blvd, a six-unit apartment building in the city of Lynwood to market. The property features a desirable layout consisting of a single-story four-unit building in the front, complemented by a two-unit structure situated above garages in the rear.
The asset offers strong cash flow from day one, operating at a 10.0 GRM and a 5.82% cap rate, with approximately 23% rental upside available. Achieving market rents would elevate the property to a pro forma 8% cap rate. Recent upgrades include the replacement of two of the six electrical subpanels, along with new individual water heaters installed for each unit.
Lynwood does not impose municipal rent control and is instead governed under AB-1482, allowing for higher annual rent increases compared to nearby cities.
Currently, the garage spaces beneath the rear building have been converted into individual storage units for tenants, offering flexible future use. A new owner may choose to restore them to functional garages, continue generating income through storage rentals, or convert the space into two ADUs to further increase revenue.
The asset offers strong cash flow from day one, operating at a 10.0 GRM and a 5.82% cap rate, with approximately 23% rental upside available. Achieving market rents would elevate the property to a pro forma 8% cap rate. Recent upgrades include the replacement of two of the six electrical subpanels, along with new individual water heaters installed for each unit.
Lynwood does not impose municipal rent control and is instead governed under AB-1482, allowing for higher annual rent increases compared to nearby cities.
Currently, the garage spaces beneath the rear building have been converted into individual storage units for tenants, offering flexible future use. A new owner may choose to restore them to functional garages, continue generating income through storage rentals, or convert the space into two ADUs to further increase revenue.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6191014020
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Jackson Jorgensen Younglewin Advisors, Inc. jack@younglewin.com