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Buy a propertyat 10748 California Avenue, Lynwood, CA 90262

$2,900,000

$0/mo

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Multifamily

8,708 Sq. Ft.

15,893 Sq. Ft. lot

16 Bedrooms

0 Bathrooms

289 Days on market

23291471 MLS ID

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About 10748 California Avenue property

Very unique, well-kept and maintained property in prime Southeast Los Angeles County. Introducing the California Apartments, a 12-unit asset offering an attractive mix of huge two bedroom and one bedroom units. The property sits on a large 15,893 SF double lot with plenty of garage parking via alley access. There's a surplus of open space to provide options of increasing rental income by adding additional units. Investors can immediately implement a proactive management approach to benefit from the upside potential in the current strong rental market in Lynwood/South Gate. The area's Walk Score of 87 gives tenants easy access to many shopping, entertainment and dining options. Plaza Mexico, La Alameda, Azalea, and El Paseo are some of the larger centers surrounding the property, but the pride of the area are the many pop up eateries, bars and cafes that are sprouting throughout the city. The property's close proximity to the 710, 105 and 110 freeways also gives tenants convenient access to various work and entertainment hubs throughout Los Angeles County.
Very unique, well-kept and maintained property in prime Southeast Los Angeles County. Introducing the California Apartments, a 12-unit asset offering an attractive mix of huge two bedroom and one bedroom units. The property sits on a large 15,893 SF double lot with plenty of garage parking via alley access. There's a surplus of open space to provide options of increasing rental income by adding additional units. Investors can immediately implement a proactive management approach to benefit from the upside potential in the current strong rental market in Lynwood/South Gate. The area's Walk Score of 87 gives tenants easy access to many shopping, entertainment and dining options. Plaza Mexico, La Alameda, Azalea, and El Paseo are some of the larger centers surrounding the property, but the pride of the area are the many pop up eateries, bars and cafes that are sprouting throughout the city. The property's close proximity to the 710, 105 and 110 freeways also gives tenants convenient access to various work and entertainment hubs throughout Los Angeles County.

Property details

Bathrooms

12 total bathrooms

Bedrooms

16 total bedrooms

Building

2 total stories

Built in 1955

8,708 sqft living area

8708 total building sqft

Heating

Wall Furnace

Income

Gross Income: 175644

Net Operating Income: 101053

Listing

Listing ID: 23291471

8 days on market

Listed on 2023-07-17

Location

County: Los Angeles

Lot

15893 sqft

0.3649 acres

Area: 15893

Parking

12 total parking spaces

Garage

Property

2 buildings

12 units

Monthly cost

Estimated monthly cost

$18,480/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,726,000

+$87,000

$2,813,000

Seller agent commission$87,000 (3%)*

$0 (0%)

Buyer agent commission$87,000 (3%)*

$87,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: May 1, 2024 at 6:18 p.m.

Data updated: Jul 25, 2023 at 8:05 p.m.

Property listed by Remax Commercial and Investment Realty, Enrique Viramontes
Based on information from California Regional Multiple Listing Service, Inc. as of 07/25/2023 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.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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