NOT LISTED FOR SALE

3155 Banning Ave Lynwood, CA 90262

15 Beds
1 Bath
7,152 Sq Ft
0.6 Acres

Last Sold July 07, 2016

Last sale price $1,438,000 $201 Per Sq Ft

7 Days on Market

Highlights

  • 25,997 Sq Ft lot
  • Detached Carport Space
  • 1-Story Property

About This Home

As of July 2016

The subject property is a 10-unit apartment building located in the strong rental market of Lynwood. The property consists of 100% single story construction with an excellent unit mix of 1,2,and 3-bedroom units.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 05/10/2016

Remax Commercial and Investment Realty

Last Buyer's Agent

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 05/10/2016

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.6

Interior Spaces

  • 7,152 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 1 Bathroom

Parking

  • 10 Parking Spaces
  • Detached Carport Space

Additional Features

  • 0.6 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 8 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 6168-014-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7152
  • Stories: 1
  • Year Built: 1957
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 206.24

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Detached, Garage - 1 Car
  • Total Parking: 10

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 110955
  • Assessed Land Value: 49952
  • Assessor Parcel Number: 6168-014-027
  • Geocode Override: No
  • Lot Size Area: 25997

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 10
  • Total Annual Expense: 43812
  • Type Of Units: Multi-Family
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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List Price
Sold Price
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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
07/07/2016 07/07/16 Sold $1,438,000 -2.5% $201 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $1,475,000 -- $206 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicholas Petrosian

    Seller's Agent in 2016

    Nicholas Petrosian

    RE/MAX

    (562) 991-3886

    1 in this area

    46 Total Sales

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Map

Source: The MLS

MLS Number: 16-124014

The MLS

California Los Angeles County Lynwood 90262

3155 Banning Ave, Lynwood, CA

This home is located at 3155 Banning Ave, Lynwood, CA 90262 since 10 May 2016. This property was built in 1957. 3155 Banning Ave is a home located in Los Angeles County with nearby schools including Lindbergh Elementary School, Lynwood Middle School, and Marco Antonio Firebaugh 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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