NOT LISTED FOR SALE

3523 Los Flores Blvd Lynwood, CA 90262

2 Beds
5 Baths
2,426 Sq Ft
9,217 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $775,000 $319 Per Sq Ft

11 Days on Market

Highlights

  • No HOA
  • Park
  • 1-Story Property

About This Home

As of May 2021

5 units centrally located in the city of Lynwood. 2 bedroom house in the front with 4 studio apartments in the rear. All separately metered. Large lot over 9000 square feet. Based on pro forma rents, this investment should break-even with as little as 20% down. (Check with your lender for minimum down payment.) Very close to public transportation. Walking distance to Long Beach Bl/105 Freeway Metrorail stop. High rental demand area. Very long driveway for parking.

Last Agent to Sell the Property

NICOLE MORENO

Nicole Moreno, Broker License #01348994 Listed on: 04/12/2021

Co-Listed By

Frank Lopez

Century 21 Masters License #01041630

Last Buyer's Agent

NICOLE MORENO

Nicole Moreno, Broker License #01348994 Listed on: 04/12/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 9,217 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 2551
  • Assessor Parcel Number 6191014017

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 5 Units

Recreation

  • Park

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Professional Management Expense $4,500
  • Trash Expense $286
  • Water Sewer Expense $193
  • New Taxes Expense $9,100
  • Operating Expense $6,588
  • Gross Income $47,100
  • Net Operating Income $40,508

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 5.22
  • Other Phone Number: 3236338999
  • Professional Management Expense: 4500.00
  • Property Attached: No
  • Water Sewer Expenses: 193.00
  • Zoning: LYR3*
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 6191014017
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 319.46

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 286.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9217.00
  • Lot Size Acres: 0.2116

Rental Info

  • Tenant Pays: None

Multi Family

  • Average2 Bed Area: 1200 Square Feet
  • Average Studio Area: 325 Square Feet
  • Electric Expense: 1200.00
  • Gross Multiplier: 16.45
  • Gross Operating Income: 47100.00
  • Gross Scheduled Income: 47100.00
  • Gross Spendable Income: 47100.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 9217.0000 Square Feet
  • Net Operating Income: 40508.00
  • 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: 6592.00
  • Rent Control: Yes
  • Total Actual Rent: 3925.00
  • Total Expenses: 6588.00

Tax Info

  • New Taxes Expense: 9100.00
  • Tax Census Tract: 5402.02
  • Tax Lot: 51
  • Tax Tract Number: 2551

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
05/28/2021 05/28/21 Sold $775,000 0.0% $319 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $775,000 -- $319 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    NICOLE MORENO

    Nicole Moreno, Broker

    Section Image
  • Frank Lopez

    Seller Co-Listing Agent in 2021

    Frank Lopez

    Century 21 Masters

    (626) 289-1111

    1 in this area

    30 Total Sales

    Frank Lopez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21075869

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

3523 Los Flores Blvd, Lynwood, CA

This home is located at 3523 Los Flores Blvd, Lynwood, CA 90262 since 12 April 2021. This property was built in 1948. 3523 Los Flores Blvd is a home located in Los Angeles County with nearby schools including Thurgood Marshall Elementary School, Cesar Chavez 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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