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Listed by Desi Reyes, DRE #00903732 • First Team Real Estate
$850,000
Est. payment /mo
8,803 Sqft Lot
New
3592 Norton AVE Lynwood, CA 90262
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26234683
Year Built 1948
Lot Size 8,803 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Excellent opportunity to own a four-unit residential income property in Lynwood. This multifamily property features a desirable unit mix of three one-bedroom one bath units and one two-bedroom one bath unit, offering multiple income streams for investors. The property includes four individual one-car garages providing valuable parking and additional convenience for residents. Each unit is equipped with its own water heater and laundry hookups, desirable features for multifamily living. Two of the unit bathrooms were remodeled last year, offering improvements for tenants and future ownership. The owner currently pays for water and trash, while tenants pay their own gas and electricity. Situated on an approximately 8,803-square-foot lot, the property offers potential for investors seeking to hold an income-producing asset in the Los Angeles County rental market. Lynwood does not have municipal rent control and is governed under AB-1482, allowing for higher allowable rent increases compared to surrounding cities. Explore the possibilities this multifamily property offers for long-term ownership and rental income.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Rooms
Kitchen Garbage Disposal, Other, Oven Range - Gas, Oven Range
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Gas Hookup, In Kitchen, 30
Exterior
Parking Features Garage, Other
Garage Spaces 8.0
Pool None
Roof Type Composition
Building
Lot Description Grade - Level
Story One Story
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 6191013006
Special Listing Condition Not Applicable
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