10720 Long Beach Boulevard

    Lynwood, CA 90262
    • $3,050,000
    • STATUS: Active Under Contract
    • ON SITE: 39 days
    • ID#: PW20035652
    Under Contract
    UPDATED: 46 min ago
    $3,050,000
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,084
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Ratings & Info

    Description

    -Attractive Location Near Plaza Mexico, With Planned $80MM Expansion-Desirable Single-Story Layout-Over 18% Upside in Rents-Garages & Gated Parking-Over 2:1 Parking Ratio-New Roof, Windows & Electric Wiring

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T10:37:49.82. 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 Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/103326726

    10720 Long Beach Boulevard Lynwood, CA 90262

    • Price: $3,050,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: PW20035652
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    8,084
    SQFT
    $377
    $/SQFT
    1930
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    Property Description
    -Attractive Location Near Plaza Mexico, With Planned $80MM Expansion-Desirable Single-Story Layout-Over 18% Upside in Rents-Garages & Gated Parking-Over 2:1 Parking Ratio-New Roof, Windows & Electric Wiring
    Exterior Features

    Garage Spaces 20.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedGarageOn SiteUncovered Parking Total 54.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 400 Average1 Bed Area Units Square Feet Average2 Bed Area 700 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common WallsNo One AboveNo One Below Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced Air Heating YN Yes Interior Features Unfurnished Laundry Features Community Levels One Room Type Living RoomMaster BathroomMaster Bedroom

    Property Features

    Additional Parcels Description 6191001004 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 5.00 Community Features CurbsGuttersParkSidewalks Country Us Electric Expense 6000.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 255720.00 Gross Multiplier 11.93 Gross Operating Income 248048.00 Gross Scheduled Income 255720.00 Gross Spendable Income 80659.00 Insurance Expense 2829.00 Land Lease YN No Laundry YN Yes Maintenance Expense 17900.00 Maintenance Percent 7.00 Net Operating Income 151754.00 New Construction YN No New Taxes Expense 41605.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 96294.00 Operating Expense Percent 37.70 Other Expense 4259.00 Other Expense Description Assess. Pest Control Expense 1800.00 Professional Management Expense 8400.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 1500.00 Total Expenses 96294.00 Trash Expense 6000.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 7672 Vacancy Allowance Rate 3.00 Water Sewer Expense 6000.00 Water Source Public Year Built Source Assessor Zoning Lyc2a*

    Listing provided courtesy of Peter Gillin of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T10:37:49.82. 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 Allison James Estates and Homes. Licensed in the State of California, USA.

     
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