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    5221 Elmwood Avenue

    Lynwood, CA 90262
    • $2,299,950
    • STATUS: Active
    • ON SITE: 247 days
    • ID#: PW20188290
    UPDATED: 33 min ago
    $2,299,950
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,351
      SQFT
    • $430
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Description

    This is a very unique 6 unit complex in Lynwood, all the unit are separate houses that's gated, in a large lot. All units have been remodeled in the last 2-4 years. 4 units have a private back yard, plus 3 units have a 2 car attach garage. And the other 3 units share a 5 car detach garage. (base on the new law of the parking, the 5 car garage maybe able to be converted with permits to 2 more units as studios) Each unit has it own laundry unit inside. The property is very close to shopping, public transportation, schools and the 710 fwy.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T17:32:06.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/109886005
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    5221 Elmwood Avenue Lynwood, CA 90262

    • Price: $2,299,950
    • Status: Active
    • Updated: 33 min ago
    • ID#: PW20188290
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    5,351
    SQFT
    $430
    $/SQFT
    1946
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    Property Description
    This is a very unique 6 unit complex in Lynwood, all the unit are separate houses that's gated, in a large lot. All units have been remodeled in the last 2-4 years. 4 units have a private back yard, plus 3 units have a 2 car attach garage. And the other 3 units share a 5 car detach garage. (base on the new law of the parking, the 5 car garage maybe able to be converted with permits to 2 more units as studios) Each unit has it own laundry unit inside. The property is very close to shopping, public transportation, schools and the 710 fwy.
    Exterior Features

    Architectural Style Other Construction Materials DrywallConcreteStucco Exterior Features Tv Antenna Fencing Wood Foundation Details Slab Lot Features 6-10 Units/AcreBack Yard Number Of Separate Electric Meters 6 Parking Features Driveway Parking Total 11 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Composition Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas Water Heater Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Concrete Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Common Interest Community Apartment Community Features SidewalksGated Contingency Contingency Upon The Seller 1031 Exchange No Cost To The Buyers. Current Financing Conventional Disclosures Home Warranty Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 143700 Gross Scheduled Income 143700 Insurance Expense 4233 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 123861 New Construction YN No New Taxes Expense 10489 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Number Of Units Leased 6 Operating Expense 19839 Pest Control Expense 0 Pool Expense 0 Possession Close Of Escrow Property Condition Building PermitUpdated/Remodeled Property Sub Type Apartment Rent Control YN No Security Features Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Supplies Expense 0 Tenant Pays All UtilitiesCable TvElectricityGasTelephone Total Actual Rent 11450 Trash Expense 3109 Utilities Cable AvailableElectricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected Water Sewer Expense 808 Water Source Public Zoning Lyr3yy

    Listing provided courtesy of David Belasco of Re/Max Olympic


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T17:32:06.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    617 Saxony Place #101
    Encinitas CA, 92024