NOT LISTED FOR SALE

10720 Long Beach Blvd Lynwood, CA 90262

3 Beds
2 Baths
8,084 Sq Ft
0.67 Acres

Last Sold May 13, 2020

Last sale price $3,150,000 $390 Per Sq Ft

22 Days on Market

Highlights

  • No Units Above
  • Cooling System Mounted To A Wall/Window
  • Park
  • 0.67 Acre Lot
  • Living Room
  • Laundry Room

About This Home

As of May 2020

-Attractive Location Near Plaza Mexico, With Planned $80MM Expansion
-Desirable Single-Story Layout
-Over 18% Upside in Rents
-Garages & Gated Parking
-Over 2:1 Parking Ratio
-New Roof, Windows & Electric Wiring

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 02/18/2020

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.67 Acre Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 6191001004

Parking

  • 20 Car Garage
  • 34 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 8,084 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 2794
  • Assessor Parcel Number 6191001005

Community Details

Recreation

  • Park

Building Details

  • 20 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,000
  • Insurance Expense $2,829
  • Maintenance Expense $17,900
  • Other Expense $4,259
  • Pest Control $1,800
  • Professional Management Expense $8,400
  • Supplies Expense $1,500
  • Trash Expense $6,000
  • Water Sewer Expense $6,000
  • New Taxes Expense $41,605
  • Operating Expense $96,294
  • Gross Income $255,720
  • Net Operating Income $151,754

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

20

Listing Details

  • CapRate: 5.00
  • Professional Management Expense: 8400.00
  • Property Attached: Yes
  • Supplies Expense: 1500.00
  • Water Sewer Expenses: 6000.00
  • Zoning: LYC2A*
  • Property Type: Residential Income
  • Parcel Number: 6191001005
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 389.66
  • Room Type: Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 20.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, On Site, Uncovered
  • Total Parking Spaces: 54.00
  • Uncovered Spaces: 34.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 1800.00
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Park, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6191001004
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 29331.00
  • Lot Size Acres: 0.6733

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Electric Expense: 6000.00
  • Gross Income: 255720.00
  • Gross Multiplier: 11.93
  • Gross Operating Income: 248048.00
  • Gross Scheduled Income: 255720.00
  • Gross Spendable Income: 80659.00
  • Insurance Expense: 2829.00
  • Lot Size Area: 29331.0000 Square Feet
  • Maintenance Expense: 17900.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 151754.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 96294.00
  • Operating Expense Percent: 37.70
  • Other Expense: 4259.00
  • Other Expense Description: Assess.
  • Rent Control: No
  • Total Expenses: 96294.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 41605.00
  • Tax Census Tract: 5402.02
  • Tax Lot: 17
  • Tax Tract Number: 2794

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 List to Sale Price per Sq Ft
05/13/2020 05/13/20 Sold $3,150,000 +5.2% $390 / Sq Ft
02/18/2020 02/18/20 For Sale $2,995,000 -- $370 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Peter Gillin

    Morgan Skenderian

  • Doug Rodermund

    Buyer's Agent in 2020

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    1 in this area

    31 Total Sales

    Doug Rodermund
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20035652

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

10720 Long Beach Blvd, Lynwood, CA

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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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