NOT LISTED FOR SALE

Lynwood, CA 90262

48 Beds
4 Baths
21,922 Sq Ft
1 Acres

Last Sold July 02, 2015

Last sale price $5,080,000 $232 Per Sq Ft

21 Days on Market

About This Home

As of July 2015

We are pleased to present this 40 unit apartment complex in the City of Lynwood. The site consists of two parcels 6168-013-013 and 6018-013-015 with over 43,000 square feet. It is located between Santa Fe and Long Beach Boulevard, very close to the 105 freeway. There are two 20 unit buildings with sixteen one bedrooms and four two bedrooms in each. The structures were built in 1963 and contain approximately 21,922 total square feet. Tenants enjoy plenty of parking with a mixture open and carport spaces. The units are conveniently located near the 110, 105 and 605 freeways providing easy access to multiple job centers. The CAP rate on this deal is 6.1 with a 10.7 GRM and there is no rent control. At full price, cash on cash return is 7.66%. Please do not walk on property or disturb tenants. Make all offers subject to inspection.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 03/25/2015

Last Buyer's Agent

Enedina Sanchez

McAlpin & Company License #01229160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 1

Home Design

  • 21,922 Sq Ft Home

Parking

  • 2 Car Garage
  • Carport
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Additional Features

  • 48 Bedrooms
  • 1 Acre Lot

Community Details

  • 2 Buildings
  • 40 Units

Listing and Financial Details

  • Assessor Parcel Number 6168-013-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 21922
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 48
  • Equipment: Cable
  • Price Per S Q F T: 236.52

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport, Garage - 2 Car, Uncovered
  • Total Parking: 40

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 700000
  • Assessed Land Value: 800000
  • Assessor Parcel Number: 6168-013-013
  • Geocode Override: No
  • Lot Size Area: 43668

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.70
  • Number Of Units: 40
  • Rent Control: 0%
  • Type Of Units: 40

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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 List to Sale Price per Sq Ft
07/02/2015 07/02/15 Sold $5,080,000 -2.0% $232 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $5,185,000 -- $237 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2015

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    31 Total Sales

    Jerome McAlpin
    Section Image

  • E

    Buyer's Agent in 2015

    Enedina Sanchez

    McAlpin & Company

    (310) 734-7860

    7 Total Sales

    Enedina Sanchez
    Section Image
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Source: The MLS

MLS Number: 15-890353

The MLS
California Los Angeles County Lynwood

90262

Not Listed for Sale

MultiFamily

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