3226 Palm Avenue, Lynwood, California 90262, Lynwood, 90262 - bed, bath
3226 Palm Avenue
Lynwood, California 90262
Property Price
SUMMARY
Analysis of 3226 Palm Avenue, Lynwood, California 90262 is currently available with a list price of $849,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lynwood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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 It's functional but shows signs of being outdated in most areas.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Income & Owner-Occupant Potential
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.
- ADU Conversion Upside
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.
- Ample Parking
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.
CONSRISKS & DEFICIENCIES
- Age of Property & Potential Infrastructure
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.
- Limited Modernization Across Units
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.
- ADU Conversion Uncertainty
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.
About 3226 Palm Avenue
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
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1937
- Lot Size
- 8,121 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,313 | 2,057.5 | 60% |
| Lot Size | 8,121 | 9,083 | 30% |
| Price | $849.0K | $874.5K | 50% |
| Price per sq ft | $367 | $437 | 40% |
| Built year | 1937 | 1946 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 205 | 195 | 70% |
Pricing History
Listed for Sale
Aug 13, 2025
$849,000
Initial Listing
Sold
Jun 17, 2021
$680,000
Public Record
Sold
Nov 30, 2005
$540,000
Public Record
Sold
Mar 10, 2005
$450,000
Public Record
Sold
Jan 20, 1994
$213,000
Public Record