3356 Josephine, Lynwood, California 90262, Lynwood, 90262 - 3 bed, 2 bath
ACTIVE$1,360,000
3356 Josephine, Lynwood, California 90262
3Beds
2Baths
1,897Sqft
16,008Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16008, living area = 1897.
Top Cons:
Premium Price Point for Existing Structure: The list price of $1.36 million is substantial for a 1945 single-family home in Lynwood, likely reflecting land value and development potential rather than the current home's intrinsic value, which may deter traditional home buyers.
Compared to the nearby listings
Price:$1.36M vs avg $680.0K (+$680,000)98%
Size:1,897 sqft vs avg 1,182 sqft90%
Price/sqft:$717 vs avg $56178%
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, this property is nearly 80 years old with no indication of major renovations in the MLS description or AI analysis. The listing explicitly highlights the property's value as 'land value and development potential' for building multiple units, rather than the existing home's intrinsic worth. The exterior images show an aged structure, and the absence of interior photos, especially for a home of this age, strongly suggests the interior is in very poor condition, likely requiring extensive modernization or being beyond economic repair. This aligns with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Year Built
1945
Close
-
List price
$1.36M
Original List price
$1.36M
Price/Sqft
$717
HOA
-
Days on market
-
Sold On
-
MLS number
DW25251786
Home ConditionTear down
Features
View-
About this home
DESCRIPTION LOCATION, LOCATION, A SINGLE FAMILY RESIDENCE, 3 bedrooms and two bathrooms, with an XTRA BONUS ROOM USED AS OFFICE. WITH A BIG POTENTIAL FOR INVESTORS, LOT MEASURES MORE THAN 16,000 SF. CHECK WITH THE CITY OF LYNWOOD PLANNING DEPARTMENT, COULD BUILD 6 UNITS OR MORE, PROPERTY LOCATED CLOSE TO THE 105 AND 91 FREEWAYS, WALKING DISTANCE TO SHOPPING CENTERS, PLAZA MEXICO AND TO A NEW FAMOUS SUPERMARKET AND COFFEE SHOPP OPEN AS OF NOVEMBER, 12 2025 .
Price History
Date
Event
Price
03/08/01
Sold
$206,000
07/26/06
Sold
$550,000
01/10/05
Sold
$380,000
Condition Rating
Tear down
Built in 1945, this property is nearly 80 years old with no indication of major renovations in the MLS description or AI analysis. The listing explicitly highlights the property's value as 'land value and development potential' for building multiple units, rather than the existing home's intrinsic worth. The exterior images show an aged structure, and the absence of interior photos, especially for a home of this age, strongly suggests the interior is in very poor condition, likely requiring extensive modernization or being beyond economic repair. This aligns with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16008, living area = 1897.
Multi-Unit Development Potential: The expansive 16,008 sqft lot offers significant investment potential, with the possibility to build 6 units or more, as advised to check with the City of Lynwood Planning Department.
Strategic Location & Accessibility: Emphasized as 'LOCATION, LOCATION,' the property boasts excellent access to the 105 and 91 freeways, ideal for commuters.
Proximity to Amenities & Retail: Within walking distance to shopping centers, Plaza Mexico, and a new famous supermarket and coffee shop opening in 2025, enhancing convenience and future value.
Expansive Lot Size: A substantial lot measuring over 16,000 sqft provides ample space for development, expansion, or extensive landscaping.
Functional Bonus Room: The existing single-family residence includes an 'XTRA BONUS ROOM USED AS OFFICE,' offering valuable flexible space for various needs.
Cons
Premium Price Point for Existing Structure: The list price of $1.36 million is substantial for a 1945 single-family home in Lynwood, likely reflecting land value and development potential rather than the current home's intrinsic value, which may deter traditional home buyers.
Property Age & Potential for Updates: Built in 1945, the home is nearly 80 years old, suggesting potential for outdated systems, deferred maintenance, or the need for significant modernization if not already addressed.
Absence of Scenic Views: The property description explicitly states 'view: None,' indicating a lack of desirable scenic views, which can be a detractor for some buyers.