First Team Real Estate Logo

Lynwood, CA 90262 10206 State Street

$1,350,000

10206 State Street Lynwood, Ca - Image 110206 State Street Lynwood, Ca - Image 210206 State Street Lynwood, Ca - Image 3
3 more
10206 State Street Lynwood, Ca - Image 410206 State Street Lynwood, Ca - Image 510206 State Street Lynwood, Ca - Image 610206 State Street Lynwood, Ca - Image 7
Presented By: Victor Ambriz Jr with Keller Williams SELA; victor@ambrizandassociates.net
  • MLS# DW24056170
  • 03/20/2024
  • Request Tour
  • Request Info
  • BedBeds • 9
  • BathBaths • 5
  • FootageSQFT • 3,706
  • GarageGarage • 5

Home Details

proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.18 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry. This is an excellent investment opportunity because of its great location, strong unit mix and upside in rental income. Investment Highlights ? 5 unit property ? 3 renovated units ? Stabilized rents on all 5 units ? 6.18 Cap rate based on current rents. Perfect for any investor look for upleg from smaller units. Please don't disturb the tenants if you have any questions call or email me.
Presented By: Victor Ambriz Jr with Keller Williams SELA; victor@ambrizandassociates.net

Interior Features for 10206 State Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 10206 State Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.18
Carport Y/NNo
CityLynwood
Community FeaturesSidewalks
CoolingNone
CountyLos Angeles
Days on Market1
DirectionsSouth Of Tweedy blvd and East of Long Beach Blvd
Electric Expense0.0
Entry Locationone
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income122245.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3705.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan
Lot Size Square Feet5263.0
MLS AreaRM - Lynwood
MobileHomeRemainsYNNo
Net Operating Income83372.0
New ConstructionNo
Operating Expense38873.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameState
Tax Lot96
Tenant PaysParkingFee
Total Units5
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1953
Year Built SourceAssessor
ZoningLYR3YY

Exterior for 10206 State Street

Building Area Total3706.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.1208
Lot Size Area5263.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,350,000
MLS#DW24056170
List Date 03/20/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 10206 State Street

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors