$2,000,000
$1,950,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
10500 Long Beach BLVD Lynwood, CA 90262
7,670 Sqft Lot
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25071131
Sold Date 05/30/25
HOA Y/N No
Year Built 1963
Lot Size 7,670 Sqft
Property Sub-Type Mixed Use
Property Description
Take advantage of attractive seller financing—30-year fixed, fully amortized—on this value-add 7-unit multifamily opportunity in a high-demand rental market. Currently operating at a 5.20% Cap Rate and 12.40 GRM ($13,110 per month), the property allows for solid income growth potential. Built in 1963, it features an ideal all two-bedroom unit mix, 4,900 SF of rentable space, and sits on a 7,670 SF lot with 14 total parking spaces (7 garages + 7 tandem). Separately metered for electric (all-electric building), this asset offers both operational efficiency and long-term upside, with potential to add an additional unit. Centrally located near jobs, transit, and amenities, it's well-positioned for sustained tenant demand. Don't miss this rare opportunity to secure long-term, stable financing and immediate cash flow—schedule a tour today.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYC3*
Interior
Heating Electric
Cooling Electric
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Street Lights, Urban
Utilities Available Electricity Available, Electricity Connected, Water Connected
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6208016025
Energy Description 525.0
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Enrique Nava • Keller Williams SELA