3566 Mulford Ave Lynwood, CA 90262
- Commercial real estate
- 2,161 SF
Current Use by Public Records
- Commercial real estate
Property Details for 3566 Mulford Ave
- Year built
- 1948
- Property size
- 2,161 SF
- Property type
- Commercial real estate
Description
This Lynwood, CA, apartment building presents a compelling value-add opportunity. The 2,161 square foot, Class A property, built in 1948, comprises four 1-bedroom, 1-bathroom units, each with a single-car garage. Currently generating a 5.63% cap rate and $64,706 NOI, pro-forma projections indicate a significant increase to a 15.98% cap rate and $183,791 NOI. Recent renovations include exterior stucco and paint, dual-pane windows, a new roof, and garage doors. The property sits on an oversized 8,939 square foot lot zoned LYR3, allowing for the potential addition of 2-4 Accessory Dwelling Units (ADUs), further enhancing profitability. Located on a residential street, it's near Lynwood Park, City Hall, and St. Francis Medical Center. The asking price is $1,150,000, or $287,500 per unit. This presents a strong investment for owner-occupants or investors seeking significant return potential. The net rentable square footage is 2,250 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lynwood
- County
- Los Angeles
- State
- California
- Longitude
- -118.206858
- Latitude
- 33.9269962
