Description
Value-Add 9-Unit Mixed-Use Investment Opportunity! 12008 Long Beach Boulevard presents an excellent opportunity to acquire an income-producing mixed-use property in the City of Lynwood, ideal for owner-occupants or investors. The property consists of nine units across three separate buildings situated on approximately 7,096 square feet of land. Unit mix: 8 studio units and 1 unit that is 3 bedroom/2 bath (Unit #4). Please note: the dental office and cannabis business shown in surrounding photos are neighboring businesses and are not part of this sale; this is a 9-unit residential property only. This is a non-contingent sale. Make offers subject to interior inspection; do not disturb the tenants. Fully occupied with the exception of one intentionally vacant unit reserved for buyer showings, providing immediate leasing flexibility after close of escrow. Ideally located on highly visible Long Beach Boulevard with convenient access to shopping, restaurants, public transportation, and major freeways; laundromat located on the same block, no on-site laundry. Meters: 3 electric (2 master, 1 individual), 2 gas (1 master, 1 individual), 1 water (master, whole property). Buyer to verify all information, including rents, expenses, zoning, permits, square footage, and use.
Details
| MLS # | IV26147068 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1942 |
| Days On Site | 41 |
| Listing Provided By | HOMEQUEST REAL ESTATE | JENNY HERNANDEZ |
Features
| SQ Feet | 3,016 |
|---|---|
| Story(s) | 1 |
| Units | 9 |
| Building(s) | 3 |
| Zoning | LYC2A |
| Acreage | 0.16 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Window Features | Screens |
| Appliances | Free Standing Range |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Stucco |
| Foundation Details | Combination |
| Lot Features | Six To Ten Units Acre |
| Fencing | Wrought Iron |
Parking
| Parking Features | Driveway, Paved, Public |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Taxes
| Property | 7474 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lynwood |
| Zip Code | 90262 |
| Area | RM Lynwood |
| Listing VS Median (in 90262) | |
Price: $949,000 low | high Med: $775,000 sqft: 3,016 low | high Med: 1,152 $ / sqft: $315 low | high Med: $673 On site: 41 low | high Med: 18 | |
Market Activity 90262
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lynwood |
| Zip Code | 90262 |
| Area | RM Lynwood |
| Listing VS Median (in 90262) | |
Price: $949,000 low | high Med: $775,000 sqft: 3,016 low | high Med: 1,152 $ / sqft: $315 low | high Med: $673 On site: 41 low | high Med: 18 | |
 | $1,090,00012039 Long Beach BlvdLynwood, CA 90262 |