12623 Harris, Lynwood, California 90262, Lynwood, 90262 - bed, bath
ACTIVE$1,350,000
12623 Harris, Lynwood, California 90262
0Bed
0Bath
3,650Sqft
21,463Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multiple Income Streams: The property consists of four separate houses (one 3-bedroom/2-bath and three 2-bedroom/1-bath units), providing diversified rental income and higher cash flow potential.
Top Cons:
Property Age & Potential Deferred Maintenance: Built in 1945, the property is nearly 80 years old, suggesting a high likelihood of outdated systems (plumbing, electrical) and potential for significant deferred maintenance across all four units.
Compared to the nearby listings
Price:$1.35M vs avg $887.5K (+$462,500)86%
Size:3,650 sqft vs avg 2,010 sqft86%
Price/sqft:$370 vs avg $43529%
More Insights
Built in 1945 (80 years old).
Condition: The property was built in 1945, making it nearly 80 years old. Crucially, there are no interior images provided for any of the four units, which is a significant red flag and strongly suggests the interiors, including kitchens and bathrooms, are in very poor, outdated condition and require substantial renovation. The exterior images show clear signs of deferred maintenance, unkempt grounds, aged structures, and potentially boarded-up windows, reinforcing the likelihood of extensive repairs needed throughout the property. The listing's own analysis points to 'Property Age & Potential Deferred Maintenance' and 'Unspecified Current Condition' implying 'substantial renovation costs'.
Year Built
1945
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$370
HOA
-
Days on market
-
Sold On
-
MLS number
DW25264030
Home ConditionPoor
Features
View-
About this home
Wow 4 separate houses on a large lot in the beautiful city of Lynwood. Property consist of a 3 bedroom 2 bath house and 3 separate 2 bedroom-1 bath houses. Property sits on a 21463 sqft lot zoned LYR2. Great possibilities to add and build ADU's. Also house has separate entrances their own driveway. perfect for first time investors.
Price History
Date
Event
Price
06/22/11
Sold
$420,000
07/21/06
Sold
$825,000
Condition Rating
Poor
The property was built in 1945, making it nearly 80 years old. Crucially, there are no interior images provided for any of the four units, which is a significant red flag and strongly suggests the interiors, including kitchens and bathrooms, are in very poor, outdated condition and require substantial renovation. The exterior images show clear signs of deferred maintenance, unkempt grounds, aged structures, and potentially boarded-up windows, reinforcing the likelihood of extensive repairs needed throughout the property. The listing's own analysis points to 'Property Age & Potential Deferred Maintenance' and 'Unspecified Current Condition' implying 'substantial renovation costs'.
Pros & Cons
Pros
Multiple Income Streams: The property consists of four separate houses (one 3-bedroom/2-bath and three 2-bedroom/1-bath units), providing diversified rental income and higher cash flow potential.
Significant Lot Size: Sitting on a large 21,463 sqft lot, the property offers ample space for current use and potential future expansion or development.
ADU Development Potential: Zoned LYR2, the property explicitly offers 'Great possibilities to add and build ADU's,' allowing for increased density, property value, and rental income.
Enhanced Tenant Privacy & Appeal: Each of the four houses features separate entrances and its own driveway, which significantly enhances tenant privacy, convenience, and overall desirability.
Strong Investment Opportunity: Marketed as a 'Residential Income' property and 'perfect for first time investors,' it represents a robust opportunity for those seeking a multi-unit asset with growth potential in Lynwood.
Cons
Property Age & Potential Deferred Maintenance: Built in 1945, the property is nearly 80 years old, suggesting a high likelihood of outdated systems (plumbing, electrical) and potential for significant deferred maintenance across all four units.
Management Complexity: Managing four separate residential units, each with its own infrastructure and tenant needs, can be more complex and time-consuming than a single-family home or a more consolidated multi-unit property.
Unspecified Current Condition: The description lacks details on the current interior condition or recent upgrades of the individual units, which, given the property's age, could imply a need for substantial renovation costs to modernize and attract quality tenants.