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Property will be open Saturday: November 23rd from 2pm - 4pm. Highest cash flow 4 Plex in the city on a oversized lot! 3566Mulford Ave is a renovated 4plex located in Lynwood currentlyoperating at a 5.63% Cap Rate and 12.46 GRM. Idealopportunity for any value-add investor or owner user lookingto live in one unit while your tenants pay your mortgage. This2,161 square foot building is situated on a 8,939 square foot lot,zoned LYR3.Tremendous opportunity for a buyer to build either 2 or 4ADUS on-site using new Senate Bill SB1211. With just two ADUs, abuyer can reach a 11.32% CAP Rate or a 16.48% cap rate withbuilding 4. There are four single car garages in the rear thatcan be converted to an ADU and have an ADU built on topwhile maintaining parking, or you can remove parking alltogether and add an additional 4 units to the rear.The property features new double pain windows, individualgarages, large common area behind the garages andindividual water heaters. This is one of the best cash flowingassets in Lynwood. Ownership has completed interiorrenovations, exterior stucco and paint, added duel-panedvinyl windows, replaced the roof and garage doors.Whether you are an owner/user or investor, this is the perfectopportunity to break into the real estate market! The subjectproperty is located on a residential street with pride ofownership homes. It is in close proximity to LynwoodPark/Sports Complex/Recreation Area, City Hall, HenningYouth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.
Property Type(s):
Residential Income
| Last Updated | 10/24/2024 | Year Built | 1948 |
|---|---|---|---|
| Community | Lynwood | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AREA | Lynwood |
|---|---|
| GARAGE | Yes |
| LOT | 8939 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LYR3YY |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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