3310 Palm Ave, Lynwood, California 90262, Lynwood, 90262 - 0 bed, 0 bath
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Lynwood, California 90262
This Income-Producing Triplex represents a high-yield asset listed at $1,225,000, positioned near the $1,160,416 Fair Market Value. The property offers exceptional cash flow potential with a projected $9,000 monthly income and a 6.35% CAP rate. Featuring a vacant 3-bedroom detached home and a rear duplex with recent capital upgrades—including new roofs and electrical—the property maintains a Well-Maintained Condition Rating. Located within the Lynwood Unified School District near Plaza Mexico, this versatile property is ideal for Buy-and-Hold Investors or Owner-Occupants looking to offset their mortgage with strong rental returns.
Property is move-in ready.
The property is described as well-maintained and features significant recent capital improvements, including new roofs and updated electrical panels across all units. While the rear duplex was built in 1990 and the front house appears to be of an older vintage, the exterior shows pride of ownership with updated fencing and clean stucco. The property is move-in ready with the front unit delivered vacant, and the high rental income suggests the interiors are in functional, rentable condition despite the lack of interior photos.
The property boasts a projected 6.35% CAP rate and nearly $9,000 in monthly gross income, offering exceptional cash flow potential and a strong 11.38 GRM for the Southern California market.
The front 3-bedroom, 2-bathroom residence is delivered vacant, providing a prime opportunity for an owner-user to live in a detached home while significantly offsetting their mortgage with rental income from the rear duplex.
Significant recent improvements, including new roofs and updated electrical panels across both buildings, reduce immediate deferred maintenance costs and enhance the long-term value of the investment.
With only two single-car garages serving three units plus a bonus room, the property may face parking shortages, which could be a drawback for tenants with multiple vehicles.
Located in a high-density area near major freeways and schools, the property may experience increased noise levels and traffic congestion, potentially impacting the appeal for long-term residential tenants.
We are pleased to present 3310 Palm Avenue, a well-maintained triplex offering an excellent opportunity for both owner-users and investors. The front of the property features a detached 3-bedroom, 2-bathroom residence (1,220 sq ft), which will be delivered vacant. The rear structure, constructed in 1990, consists of a duplex with two 2-bedroom, 2-bathroom units, along with a bonus room above two single-car garages. Both buildings have been recently improved with new roofs, updated electrical panels, and include in-unit laundry hookups. The two rear units are currently rented at $2,787 each, and the front house is projected to rent for approximately $3,400, bringing total potential income to nearly $9,000 per month. If fully leased, the property is will operate at a 6.35% CAP rate and 11.38 GRM. Based on current financing assumptions, the property is projected to generate over $19,000 per year in positive cash flow. Ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico, with convenient access to the 105 and 710 freeways, this is a compelling opportunity for an investor or an owner-occupant looking to offset their mortgage with strong rental income.
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 | 3,298 | 2,285.5 | 83% |
| Lot Size | 8,147 | 8,604 | 42% |
| Price | $1.23M | $848.5K | 83% |
| Price per sq ft | $371 | $400 | 50% |
| Built year | 1990 | 1948 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 228 | 8% |
Feb 23, 2026
$1,225,000
Initial Listing
Mar 28, 2023
$1,130,000
Public Record
Dec 21, 2020
$950,000
Public Record
Sep 10, 2019
$610,000
Public Record
Dec 24, 2003
$383,500
Public Record
Oct 11, 1994
$234,000
Public Record
Dec 30, 1993
$150,000
Public Record