
Lynwood, California 90262
This Spacious Pool Home represents a Strong Value Opportunity, listed at $819,999—positioned well below the $881,247 Fair Market Value by 6%. This valuation gap offers $61,248 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes a permitted detached garage with living quarters, a resort-style pool, and a modern open-concept kitchen. This versatile asset is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for multi-generational living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2980 Oakwood Avenue Subject | $819,999* List Price | 3 | 3 | 1,901 | $464 | - |
A 3165 Oakwood Avenue Sold | $675,000 | 3 | 2 | 1,660 | $407 | 0.2 mi |
B 2649 111th Street Sold | $680,000 | 3 | 2 | 1,284 | $530 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1931, the property has undergone significant renovations likely within the last 5-15 years. The interior features an updated open-concept kitchen with custom cabinetry and a center island, upgraded bathrooms with modern tile finishes, and contemporary wood-style flooring and recessed lighting throughout, making it move-in ready.
The property includes a permitted detached garage converted into living quarters with a kitchenette and bathroom, offering significant potential for rental income or multi-generational living.
The outdoor space is a major highlight, featuring a sparkling pool, mature palm trees, and a guest casita, creating a private oasis perfect for entertaining.
The main residence boasts a spacious 1,901 sqft interior with contemporary upgrades, including a chef's kitchen with a large center island and elegant coffered ceilings.
The property is back on the market subject to the cancellation of a previous escrow, which may raise concerns for buyers regarding previous inspection or financing hurdles.
With an original build date of 1931, the home may possess aging underlying systems that require more maintenance than a newer construction despite modern cosmetic updates.
**BACK ON THE MARKET--- Welcome to 2980 Oakwood Ave, Lynwood!! A spacious POOL HOME with a permitted CABANA/GARAGE (see supplements for permits) with 3-bedroom, 2-bath WITH A HUGE WALK IN CLOSET - THIS home offers versatile living areas, a resort-style backyard, and valuable additional garage living quarters CABANA/CASITA / POOL HOME. The main residence welcomes you with a bright, expansive open-concept living and dining space featuring rich wood-style flooring, large windows, recessed lighting, ceiling fans, and a distinctive coffered ceiling detail that adds character throughout. The oversized kitchen is designed for entertaining, showcasing abundant dark custom cabinetry, extensive counter space, a large center island with breakfast-bar seating, tile flooring, and a stainless-steel range hood. The home includes generously sized bedrooms and upgraded bathrooms, including a spacious primary-style bath with a glass-enclosed walk-in shower, dual-entry layout, and elegant tile finishes. The backyard is built for gatherings, complete with a sparkling pool and a GUEST HOUSE CASITA, surrounding patio space, mature palm trees, and room to relax or entertain. Adding even more flexibility, the detached garage includes living quarters with a kitchenette, bathroom, and upper-level bonus/flexible space; ideal for extended family, guests, a home office, creative space, or potential income-producing use. Buyer to independently verify permits, square footage, and intended use. Conveniently located near local shopping, dining, parks, schools, and commuter routes, this Lynwood property offers the space, lifestyle, and versatility today’s buyers are looking for.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.1 |
| Baths | 3.0 | 1.6 |
| Square foot | 1,901 | 1,299.529 |
| Lot Size | 6,533 | 5,966.176 |
| Price | $820.0K | $671.5K |
| Price per sq ft | $431 | $619 |
| Built year | 1931 | 1947 |
| HOA | $0 | $270 |
| Days on market | 65 | 64 |
Jul 6, 2026
$819,999
Initial Listing
Mar 30, 2011
$280,000
Public Record
Jul 23, 2007
$565,000
Public Record