3382 Los Flores Avenue, Lynwood, California 90262, Lynwood, 90262 - bed, bath
ACTIVE$1,099,999
3382 Los Flores Avenue, Lynwood, California 90262
0Bed
0Bath
3,244Sqft
8,961Lot
Year Built
1949
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
SR25109768
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(50th), sqft - 3244(50th), beds - undefined(50th), baths - undefined(50th).
Excellent investment opportunity in the city of Lynwood, 5 Unit building well maintained with separate garages. Near public transportation and nearby shopping.
Price History
Date
Event
Price
05/16/25
Listing
$1,099,999
02/28/00
Sold
$222,000
Condition Rating
Poor
The property was built in 1949, making it 75 years old. While the description states 'well maintained,' there are no interior images to assess the condition of the kitchens, bathrooms, or other critical interior features. Given the age and lack of visible modern updates from the exterior, it is highly probable that the interior, especially the kitchens and bathrooms, are severely outdated and would require substantial repairs and rehabilitation to meet current quality standards and comfort expectations. The exterior also shows signs of age, with older garage doors and fencing. This property likely needs a full renovation to its major systems and aesthetics.
Pros & Cons
Pros
Multi-Unit Income Potential: As a 5-unit building, the property offers diversified rental income streams, making it an attractive investment opportunity.
Well-Maintained Condition: The property is explicitly described as well-maintained, suggesting lower immediate capital expenditure for a new owner.
Valuable Tenant Amenities: The inclusion of separate garages provides desirable amenities for tenants and potential for additional rental income.
Strategic Location: Its proximity to public transportation and nearby shopping enhances tenant appeal and convenience, supporting stable occupancy.
Clear Investment Focus: The listing highlights it as an 'Excellent investment opportunity,' aligning with its multi-unit structure and potential for cash flow.
Cons
Aging Infrastructure: Built in 1949, the property's age suggests potential for significant future capital expenditures on major systems like plumbing, electrical, and roofing.
Limited Financial Transparency: The listing lacks crucial investment details such as unit mix, current rental income, and occupancy rates, which are essential for a thorough financial analysis.
Sub-Type Ambiguity: While classified as 'Mixed Use,' the description focuses solely on residential units, which may require further investigation into zoning and actual permitted uses beyond the 5 residential units.