NOT LISTED FOR SALE

10206 State St Lynwood, CA 90262

9 Beds
5 Baths
3,706 Sq Ft
5,263 Sq Ft Lot

Last Sold August 02, 2024

Last sale price $1,295,000 $349 Per Sq Ft

79 Days on Market

About This Home

As of August 2024

Price Reduced by $55,000. NOW SELLING at 6.6 cap rate.Proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.6 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry. This is an excellent investment opportunity because of its great location, strong unit mix and upside in rental income. Investment Highlights ? 5 unit property ? 3 renovated units ? Stabilized rents on all 5 units 6.6 Cap rate based on current rents. Perfect for any investor look for upleg from smaller units. Please don't disturb the tenants if you have any questions call or email me.

Last Agent to Sell the Property

Victor Ambriz Jr

Keller Williams SELA Brokerage Email: victor@ambrizandassociates.net License #00952349 Listed on: 03/20/2024

Keller Williams SELA

Last Buyer's Agent

Jaime Rodriguez

Big Blue House Real Estate License #01210390

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 5,263 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 3,706 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tenant pays for parking fee
  • Tax Lot 96
  • Tax Tract Number 4936
  • Assessor Parcel Number 6208008014
  • $1,600 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,705
  • Professional Management Expense $4,890
  • Operating Expense $38,873
  • Gross Income $130,478
  • Net Operating Income $85,702

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

5

Listing Details

  • CapRate: 6.60
  • Price Per Unit: 259000
  • Professional Management Expense: 4890.00
  • Property Attached: No
  • Zoning: LYR3YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6208008014
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: one
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 349.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5263.00
  • Lot Size Acres: 0.1208
  • Latitude Manual: 33.94223200

Rental Info

  • Tenant Pays: Parking Fee

Multi Family

  • Garage Income: 600.00
  • Gross Income: 130478.00
  • Gross Multiplier: 9.90
  • Gross Scheduled Income: 122592.00
  • Insurance Expense: 3705.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 544.00
  • Lot Size Area: 5263.0000 Square Feet
  • Net Operating Income: 85702.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 38873.00
  • Other Income1: 6742.00
  • Other Income Description: RUBS
  • Rent Control: Yes
  • Total Actual Rent: 10216.00
  • Total Expenses: 38873.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 5402.01
  • Tax Lot: 96
  • Tax Tract Number: 4936
  • TaxOtherAnnualAssessmentAmount: 1600.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $1,295,000 0.0% $349 / Sq Ft
06/07/2024 06/07/24 Pending -- -- --
05/30/2024 05/30/24 Price Changed $1,295,000 -4.1% $349 / Sq Ft
03/20/2024 03/20/24 For Sale $1,350,000 +63.6% $364 / Sq Ft
04/24/2018 04/24/18 Sold $825,000 0.0% $223 / Sq Ft
04/24/2018 04/24/18 For Sale $825,000 -- $223 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2024

    Victor Ambriz Jr

    Keller Williams SELA

    (562) 842-7248

    2 in this area

    27 Total Sales

    Victor Ambriz Jr
    Section Image

  • J

    Buyer's Agent in 2024

    Jaime Rodriguez

    Big Blue House Real Estate

    (213) 445-8719

    3 in this area

    42 Total Sales

    Jaime Rodriguez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24056170

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lynwood 90262

10206 State St, Lynwood, CA

This home is located at 10206 State St, Lynwood, CA 90262 since 20 March 2024. This property was built in 1953. 10206 State St is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Hosler Middle School, and Lynwood High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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