3226 Palm Avenue, Lynwood, California 90262, Lynwood, 90262 - 0 bed, 0 bath
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Lynwood, California 90262
This Versatile Residential Income Triplex presents a High-Potential Investment Opportunity, listed at $849,000—matching its $849,000 Fair Market Value. Built in 1937 with a Condition Rating of 4, the asset features a Diverse Unit Mix of one 3-bedroom and two 1-bedroom units, complemented by Ample Parking via three 2-car garages. The primary value-add lies in the ADU Conversion Upside, offering a clear path to forced appreciation and increased yield. This property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3226 Palm Avenue Subject | $849,000* List Price | 0 | 0 | 2,313 | $367 | - |
A 3148 El Segundo Boulevard Sold | $900,000 | 0 | 0 | 2,680 | $336 | 0.3 mi |
B 11464 Copeland Street Sold | $800,000 | 0 | 0 | 2,936 | $272 | 0.9 mi |
C 3617 Cedar Pending | $799,999 List Price | 0 | 0 | 2,398 | $334 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937, this property is aged. While described as 'well-maintained' and having one 1-bedroom unit 'recently remodeled,' the overall property likely features older systems and components in the other units, as indicated by the 'Limited Modernization Across Units' weakness. The exterior images show an older style with some visible wear (e.g., rusty fence), suggesting regular upkeep but not extensive, recent renovation across all units. It's functional but shows signs of being outdated in most areas.
As a triplex, the property offers significant flexibility for investors to generate solid rental income from all three units or for an owner-occupant to live in one unit and offset their mortgage with rent from the others.
The potential to convert one of the existing garages into an Accessory Dwelling Unit (ADU) presents a substantial opportunity to increase property value and generate additional rental income.
Each of the three units benefits from its own 2-car garage, complemented by additional on-site parking, which is a highly desirable feature for tenants in urban areas.
Built in 1937, despite being well-maintained, the property's age may imply older infrastructure (plumbing, electrical, roof) that could require significant capital expenditures in the future.
Only one of the 1-bedroom units has been recently remodeled, indicating that the other two units, including the larger 3-bedroom unit, may be dated and require updates to maximize rental income and tenant appeal.
While ADU potential is a strength, the description explicitly states 'buyer to verify with city,' meaning the conversion is not pre-approved or guaranteed and will require due diligence, time, and investment from the buyer.
Excellent Investment Opportunity! This well-maintained triplex offers strong income potential and flexibility for owner-occupants or investors. All three units come with their own 2-car garages plus additional on-site parking, Two units are 1 bed / 1 bath, One unit is a 3 bed / 1 bath, One of the 1-bedroom units has been recently remodeled, Live in one unit and rent the others to help offset your mortgage, or lease all three for solid rental income. Tons of upside potential Consider converting one of the garages into an ADU (buyer to verify with city). Don’t miss this rare opportunity to own a versatile and income-generating property
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,313 | 2,243 | 50% |
| Lot Size | 8,121 | 8,604 | 42% |
| Price | $849.0K | $848.0K | 50% |
| Price per sq ft | $367 | $398 | 50% |
| Built year | 1937 | 1946 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 252 | 235 | 75% |
Aug 13, 2025
$849,000
Initial Listing
Jun 17, 2021
$680,000
Public Record
Nov 30, 2005
$540,000
Public Record
Mar 10, 2005
$450,000
Public Record
Jan 20, 1994
$213,000
Public Record