$2,000,000
SOLD MAY 30, 2025

10500 Long Beach Blvd Lynwood, CA 90262

14 Beds
7 Baths
4,900 Sq Ft
7,670 Sq Ft Lot

Recently Sold

$408 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Heating Available

About This Home

As of May 2025

Take advantage of attractive seller financing—30-year fixed, fully amortized—on this value-add 7-unit multifamily opportunity in a high-demand rental market. Currently operating at a 5.20% Cap Rate and 12.40 GRM ($13,110 per month), the property allows for solid income growth potential. Built in 1963, it features an ideal all two-bedroom unit mix, 4,900 SF of rentable space, and sits on a 7,670 SF lot with 14 total parking spaces (7 garages + 7 tandem). Separately metered for electric (all-electric building), this asset offers both operational efficiency and long-term upside, with potential to add an additional unit. Centrally located near jobs, transit, and amenities, it's well-positioned for sustained tenant demand. Don’t miss this rare opportunity to secure long-term, stable financing and immediate cash flow—schedule a tour today.

Last Agent to Sell the Property

Alexandro Colombo

Keller Williams Coastal Prop. Brokerage Phone: 310-978-7950 License #01927702 Listed on: 04/01/2025

Keller Williams Coastal Prop.

Last Buyer's Agent

Enrique Nava

Keller Williams SELA License #02166952

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,670 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 7 Car Garage

Interior Spaces

  • 4,900 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 133
  • Tax Tract Number 5222
  • Assessor Parcel Number 6208016025
  • $2,016 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Fuel Expense $525
  • Insurance Expense $5,880
  • Trash Expense $1,800
  • Water Sewer Expense $4,800
  • Operating Expense $51,252
  • Gross Income $157,320
  • Net Operating Income $101,349

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

7

Listing Details

  • Other Phone Description: (310) 978-7950
  • Other Phone Number: (310) 978-79
  • Price Per Unit: 278571
  • Property Attached: No
  • Water Sewer Expenses: 4800.00
  • Zoning: LYC3*
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6208016025
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 408.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7670.00
  • Lot Size Acres: 0.1761
  • Latitude Manual: 33.93864000

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 200.00
  • Fuel Expense: 525.00
  • Gross Income: 157320.00
  • Gross Scheduled Income: 157320.00
  • Insurance Expense: 5880.00
  • Lot Size Area: 7670.0000 Square Feet
  • Net Operating Income: 101349.00
  • Number Of Rented Garages: 7
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 51252.00
  • Rent Control: Yes
  • Total Actual Rent: 13110.00
  • Total Expenses: 51252.00
  • Vacancy Allowance: 4720
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5402.01
  • Tax Lot: 133
  • Tax Tract Number: 5222
  • TaxOtherAnnualAssessmentAmount: 2016.00

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
05/30/2025 05/30/25 Sold $2,000,000 +2.6% $408 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $1,950,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alexandro Colombo

    Seller's Agent in 2025

    Alexandro Colombo

    Keller Williams Coastal Prop.

    (562) 450-0420

    1 in this area

    26 Total Sales

    Section Image
  • Enrique Nava

    Buyer's Agent in 2025

    Enrique Nava

    Keller Williams SELA

    (562) 862-7373

    1 in this area

    2 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25071131

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Lynwood 90262

10500 Long Beach Blvd, Lynwood, CA

This home is located at 10500 Long Beach Blvd, Lynwood, CA 90262 and is currently priced at $2,000,000, approximately $408 per square foot. This property was built in 1963. 10500 Long Beach Blvd 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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