$1,225,000
We are pleased to present 3310 Palm Avenue, a well-maintained triplex offering an excellent opportunity for both owner-users and investors. The front of the property features a detached 3-bedroom, 2-bathroom residence (1,220 sq ft), which will be delivered vacant. The rear structure, constructed in 1990, consists of a duplex with two 2-bedroom, 2-bathroom units, along with a bonus room above two single-car garages. Both buildings have been recently improved with new roofs, updated electrical panels, and include in-unit laundry hookups. The two rear units are currently rented at $2,787 each, and the front house is projected to rent for approximately $3,400, bringing total potential income to nearly $9,000 per month. If fully leased, the property is will operate at a 6.35% CAP rate and 11.38 GRM. Based on current financing assumptions, the property is projected to generate over $19,000 per year in positive cash flow. Ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico, with convenient access to the 105 and 710 freeways, this is a compelling opportunity for an investor or an owner-occupant looking to offset their mortgage with strong rental income.
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Listed by Larson Harley with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Triplex
Status
Active
MLS Number
SB26039548
Year Built
1990
Lot Size
8,146 sq ft