$5,295,000
UNDER CONTRACT $2M PRICE INCREASE

10303 Long Beach Blvd Lynwood, CA 90262

Estimated payment $33,506/month

Total Views 6,672
7 Beds
10 Baths
15,184 Sq Ft
$349 Price per Sq Ft

Highlights

  • Automatic Gate
  • 0.49 Acre Lot
  • No HOA
  • Gated Community
  • Corner Lot
  • Separate Outdoor Workshop

About This Home

Excellent income opportunity and location. 3 buildings on one lot. 10301, 10303, 10305 are included. 27 units total. 2 laundry rooms. Of the 27 units, 15 are single, 10 1 bedroom, 2 2 bedroom. Property grounds have been maintained regularly. Upgraded electrical on 10301 building. Lots of units getting upgraded, recessed lighting and laminate or tile flooring. Gated entry on front and drive-in. Nearby restaurants, groceries and bus stop. Short drive to Plaza Mexico and 105 fwy.

Listing Agent

Eric Pinaya

24 Hour Real Estate Brokerage Phone: 562-243-4039 License #01397355 Listed on: 07/15/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 0.49 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Corner Lot
  • Level Lot

Home Design

  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 15,184 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 15 Open Parking Spaces
  • 24 Parking Spaces
  • 9 Carport Spaces
  • Parking Available
  • Driveway Level
  • Automatic Gate
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5222
  • Assessor Parcel Number 6207023003
  • $6,021 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 27 Units

Building Details

  • 27 Leased Units
  • 18 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $16,291
  • Fuel Expense $7,990
  • Gardener Expense $2,400
  • Insurance Expense $21,000
  • Maintenance Expense $17,510
  • Other Expense $660
  • Pest Control $300
  • Trash Expense $11,351
  • Water Sewer Expense $8,350
  • Operating Expense $85,652
  • Gross Income $1,500
  • Net Operating Income $341,646

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.10
  • Improvements Amount: 2700000
  • Price Per Unit: 196111
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Resident Manager, Window Bars
  • View: No
  • Water Sewer Expenses: 8350.00
  • Zoning: LYC3*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 6207023003
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Stories: 3
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 348.72
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Other Structures: Storage, Workshop
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Driveway, Paved, Driveway Level, Gated, Private
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 15.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Trash Expense: 11351.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value: 3400000
  • Lot Features: Corner Lot, Level with Street, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 21494.00
  • Lot Size Acres: 0.4934
  • Latitude Manual: 33.94162600

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Electric Expense: 16291.00
  • Fuel Expense: 7990.00
  • Gross Income: 1500.00
  • Gross Scheduled Income: 407160.00
  • Insurance Expense: 21000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 500.00
  • Lot Size Area: 21494.0000 Square Feet
  • Maintenance Expense: 17510.00
  • Net Operating Income: 341646.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 27
  • Number Of Units Total: 27
  • Number Wall A C: 13
  • Number With Carpet: 1
  • Operating Expense: 65514.00
  • Other Expense: 660.00
  • Other Expense Description: Legal
  • Other Income1: 1000.00
  • Other Income Description: Soda Machine
  • Rent Control: No
  • Total Actual Rent: 35790.00
  • Total Expenses: 85652.00

Tax Info

  • Tax Census Tract: 5402.01
  • Tax Lot: 5
  • Tax Tract Number: 5222
  • TaxOtherAnnualAssessmentAmount: 6021.00

Map

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
07/15/2025 07/15/25 Price Changed $5,295,000 +79.5% $349 / Sq Ft
07/15/2025 07/15/25 For Sale $2,950,000 -- $194 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25159531

California Regional Multiple Listing Service (CRMLS)