3227 Palm Ave., Lynwood, California 90262, Lynwood, 90262 - 3 bed, 1 bath
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Lynwood, California 90262
This property presents a High-Potential Investment Opportunity with a List Price of $658,000—positioned well below the $686,472 Fair Market Value by 4%. This valuation gap offers $28,472 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant upside through the LYR3-zoned 7,944 sq. ft. lot and potential ADU conversion of the detached garage. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to leverage land value and future expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3227 Palm Ave. Subject | $658,000* List Price | 3 | 1 | 1,100 | $624 | - |
A 3276 Cedar Avenue Sold | $650,000 | 3 | 1 | 1,033 | $629 | 0.4 mi |
B 4020 Josephine Sold | $680,000 | 3 | 1 | 1,028 | $661 | 0.8 mi |
C 3090 Lynwood Sold | $710,000 | 3 | 2 | 1,124 | $632 | 0.8 mi |
D 3886 Cortland Street Sold | $735,000 | 3 | 2 | 1,292 | $569 | 0.9 mi |
E 3615 Carlin Avenue Pending | $649,900 List Price | 3 | 1 | 1,133 | $574 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1945, the home shows signs of past renovations (such as tile flooring and recessed lighting) that appear to be 15-30 years old. While the interior is clean and livable, the property is dated, features an older wall heating unit, and is being sold 'As Is,' indicating it needs cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7944, living area = 1100.
The expansive 7,944 sq. ft. lot paired with LYR3 zoning provides excellent opportunities for future expansion, development, or multigenerational living.
The detached two-car garage is currently configured as a home studio, offering a clear path for a potential ADU conversion or versatile bonus space.
The home is being sold strictly in 'As Is' condition, which may require the buyer to budget for immediate repairs, modernizations, or deferred maintenance.
Featuring 3 bedrooms but only 1 bathroom, the property's layout may present functional challenges for growing families or modern buyer expectations.
Charming 3-bedroom, 1-bath home offering character, flexibility, and room to grow. Situated on a generous 7,944 sq. ft. lot, this LYR3-zoned property presents exciting possibilities for multigenerational living, homestead gardening, or future expansion. The lush grounds feature a variety of mature fruit trees, including mandarin, sweet pomegranate, lemon, lima, guava, and mango, along with beautiful native plants such as white sage, yellow bladderpod, butterfly bush, milkweed, and lavender. This home is so peaceful, as you step inside you can feel the restful energy it emits. Perfect for someone who chooses a home that brings tranquility into their lives. Additional highlights include new kitchen flooring, new water heater, new garbage disposal, and wall heater. Two extra storage sheds and a detached two-car garage currently being used as a home studio. The garage can easily be returned to its original use or explored for potential ADU conversion (buyer to verify). A long driveway provides ample parking, while the spacious lot offers exceptional privacy and endless potential. Property is being sold As Is.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,100 | 1,186 |
| Lot Size | 7,944 | 5,573 |
| Price | $658.0K | $687.2K |
| Price per sq ft | $598 | $631 |
| Built year | 1945 | 1947 |
| HOA | $0 | $0 |
| Days on market | 29 | 72 |
Jun 23, 2026
$658,000
Initial Listing
Dec 31, 2008
$300,000
Public Record
Jun 7, 2006
$450,000
Public Record
Dec 2, 1993
$125,500
Public Record