3037 Flower Street, Lynwood, CA 90262

$925,000
Sold Price
$925,000
List Price
$989,000
Closing Date
Jul 25, 2023
Status
CLOSED
MLS#
PW23090998
Year Built
1963
Lot Size
6,502
Acres
0.15
Lot Location
Cul-De-Sac, Front Yard
Days on Market
5
Property Type
Multifamily
Style
Craftsman
Property Sub Type
Triplex
Stories
Two Levels

Property Description

CALLING ALL INVESTORS, RECENTLY UPGRADED TRIPLEX WITH POSITIVE CASH FLOW. This lovely triplex has been owned and operated by the same family since 1982. Investment ready turnkey property offers low maintenance and full occupancy with cooperative and reliable tenants. Located on a quiet residential cul-de-sac this three unit gem is ready for its new ownership. The front unit is a freestanding single family Craftsman, built in 1925 with tons of modern upgrades. Featuring 2 bedrooms and one full bath, enclosed porch and sun room. This historic home has new paint inside and out, whole house water filtration system, new flooring, newer roof, new plumbing, new wifi A/C window units and brand new water heater. The second building is a good sized duplex built in 1963. It is comprised of two 2 bedroom and 1.5 bath units. Boasting fresh paint inside and out, tile flooring downstairs and newer laminate flooring in both units upstairs. Both units have new low flow toilets, new wifi A/C units and new lighting. All three units are individually metered and each feature individual laundry hook ups, plus private patio areas. To the rear of the property is a 3 car garage with new garage doors offering each unit its own single car garage. This large rear garage may have the ability to be expanded by adding an ADU. In addition to the garages there is more on site parking. Finally the exterior of the property has been recently equipped with new outdoor solar lighting and new fire extinguishers. Centrally located to the 105, 710 and 91 freeways, plus blocks just from Plaza Mexico, restaurants, shops and more. This income producing gem with not last long, so submit your best offer today!

Additional Information

Appliances
6 Burner Stove, Gas Range, Water Heater
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
None
Exterior Construction
Stucco, Wood Siding
Roof
Composition, Rolled/Hot Mop, Shingle
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$76,800
Operating Expense
14439

Listing courtesy of Listing Agent: Jennifer Harris (theshirejj@gmail.com) from Listing Office: The Shire Real Estate Group.

Listing sold by Astrid Chaidez from Century 21 Realty Masters

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.