3566 Mulford Ave, Lynwood | 3566 Mulford Ave
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3566 Mulford Ave, Lynwood 3566 Mulford Ave
4 Unit Apartment Building $1,150,000 ($287,500/Unit) 5.63% Cap Rate Lynwood, CA 90262
Investment Highlights
- Excellent location on a residential street with pride of ownership homes
- Recent renovations include: new stucco/paint, landscaping, interior renovations, dual paned windows, new garage doors, and new roof
- Unit mix of (4) 1Bed+1Bath with individual garages
- Oversized lot w/ ability to add either 2 or 4 ADUs to achieve an 11% or 16% Cap rate
- Close to Lynwood Park/Sports Complex/Recreation Area, City Hall, Henning Youth Center, St. Francis Medical Center and Plaza Mexico
- Currently operating at a 5.47% Cap Rate and 12.46 GRM
Executive Summary
Highest cash flow 4 Plex in the city on a oversized lot! 3566
Mulford Ave is a renovated 4plex located in Lynwood currently
operating at a 5.63% Cap Rate and 12.46 GRM. Ideal
opportunity for any value-add investor or owner user looking
to live in one unit while your tenants pay your mortgage. This
2,161 square foot building is situated on a 8,939 square foot lot,
zoned LYR3.
Tremendous opportunity for a buyer to build either 2 or 4
ADUS on-site using new Senate Bill SB1211. With just two ADUs, a
buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with
building 4. There are four single car garages in the rear that
can be converted to an ADU and have an ADU built on top
while maintaining parking, or you can remove parking all
together and add an additional 4 units to the rear.
The property features new double pain windows, individual
garages, large common area behind the garages and
individual water heaters. This is one of the best cash flowing
assets in Lynwood. Ownership has completed interior
renovations, exterior stucco and paint, added duel-paned
vinyl windows, replaced the roof and garage doors.
Whether you are an owner/user or investor, this is the perfect
opportunity to break into the real estate market! The subject
property is located on a residential street with pride of
ownership homes. It is in close proximity to Lynwood
Park/Sports Complex/Recreation Area, City Hall, Henning
Youth Center, St. Francis Medical Center and Plaza Mexico.
Mulford Ave is a renovated 4plex located in Lynwood currently
operating at a 5.63% Cap Rate and 12.46 GRM. Ideal
opportunity for any value-add investor or owner user looking
to live in one unit while your tenants pay your mortgage. This
2,161 square foot building is situated on a 8,939 square foot lot,
zoned LYR3.
Tremendous opportunity for a buyer to build either 2 or 4
ADUS on-site using new Senate Bill SB1211. With just two ADUs, a
buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with
building 4. There are four single car garages in the rear that
can be converted to an ADU and have an ADU built on top
while maintaining parking, or you can remove parking all
together and add an additional 4 units to the rear.
The property features new double pain windows, individual
garages, large common area behind the garages and
individual water heaters. This is one of the best cash flowing
assets in Lynwood. Ownership has completed interior
renovations, exterior stucco and paint, added duel-paned
vinyl windows, replaced the roof and garage doors.
Whether you are an owner/user or investor, this is the perfect
opportunity to break into the real estate market! The subject
property is located on a residential street with pride of
ownership homes. It is in close proximity to Lynwood
Park/Sports Complex/Recreation Area, City Hall, Henning
Youth Center, St. Francis Medical Center and Plaza Mexico.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$92,304
|
$42.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,769
|
$1.28
|
| Effective Gross Income |
$89,535
|
$41.43
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,829
|
$11.49
|
| Net Operating Income |
$64,706
|
$29.94
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $92,304 |
| Annual Per SF | $42.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,769 |
| Annual Per SF | $1.28 |
| Effective Gross Income | |
|---|---|
| Annual | $89,535 |
| Annual Per SF | $41.43 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $24,829 |
| Annual Per SF | $11.49 |
| Net Operating Income | |
|---|---|
| Annual | $64,706 |
| Annual Per SF | $29.94 |
Property Facts
| Price | $1,150,000 | Property Subtype | Apartment |
| Price Per Unit | $287,500 | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.63% | Lot Size | 0.21 AC |
| Gross Rent Multiplier | 12.46 | Building Size | 2,161 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Price | $1,150,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 5.63% |
| Gross Rent Multiplier | 12.46 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,161 SF |
| No. Stories | 1 |
| Year Built | 1948 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Storage Space
1 of 1
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 6173-007-007 | Improvements Assessment | $335,657 (2024) |
| Land Assessment | $307,211 (2024) | Total Assessment | $642,868 (2024) |
PROPERTY TAXES
Parcel Number
6173-007-007
Land Assessment
$307,211 (2024)
Improvements Assessment
$335,657 (2024)
Total Assessment
$642,868 (2024)
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3566 Mulford Ave, Lynwood | 3566 Mulford Ave
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