CA > Lynwood
Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
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James Olvera

James Olvera

The Warburton Team

+1(909) 760-9091
$ 1,075,000
Est. payment | /mo

9,208 Sqft Lot

Save
$ 1,075,000
Est. payment | /mo
Save

9,208 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25263435

HOA Y/N No

Year Built 1948

Lot Size 9,208 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present 3535 Los Flores Blvd, a six-unit apartment building in the city of Lynwood to market. The property features a desirable layout consisting of a single-story four-unit building in the front, complemented by a two-unit structure situated above garages in the rear.

The asset offers strong cash flow from day one, operating at a 10.0 GRM and a 5.82% cap rate, with approximately 23% rental upside available. Achieving market rents would elevate the property to a pro forma 8% cap rate. Recent upgrades include the replacement of two of the six electrical subpanels, along with new individual water heaters installed for each unit.
Lynwood does not impose municipal rent control and is instead governed under AB-1482, allowing for higher annual rent increases compared to nearby cities.

Currently, the garage spaces beneath the rear building have been converted into individual storage units for tenants, offering flexible future use. A new owner may choose to restore them to functional garages, continue generating income through storage rentals, or convert the space into two ADUs to further increase revenue.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6191014020

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

CRMLS – RECore
Listed by Jackson Jorgensen Younglewin Advisors, Inc. jack@younglewin.com

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