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5221 Elmwood Ave

Lynwood, CA 90262
  • $2,399,950
  • STATUS: Active
  • ON SITE: 250 days
  • MLS #: 20-643700
UPDATED: 34 min ago
$2,399,950
  • 16
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,351
    SQFT
  • $552
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2016
County:
Area:

School Ratings & Info

Description

Non-Rent Controlled, located on a quiet residential block E of Atlantic Ave. and S of Imperial Hwy. One-story building, adjacent alley, (6) apartment units. Great unit mix, (4) three-bedroom and (2) two-bedroom units. Remodeled bright and spacious units that average over 800 SF. ***Potential to add additional Accessory Dwelling Units (ADU) (+/-1,772 SF) and potential to convert into an ADA Accessible Senior Housing community. Well-maintained property; upgraded electrical, copper plumbing, in-unit laundry, artificial No maintenance faux-grass throughout and fully fenced and gated. Garage spaces for each unit, plus open driveway, and alley parking. 5221 Elmwood Ave. presents a significant value-add opportunity to investors, as current rents are below market value for these nicely remodeled units in the area. PLEASE DO NOT WALK ON PROPERTY, DO NOT DISTURB OCCUPANTS, CONFIDENTIAL SALE

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T11:42:40.597. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/110828062
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5221 Elmwood Ave Lynwood, CA 90262

  • Price: $2,399,950
  • Status: Active
  • Updated: 34 min ago
  • MLS #: 20-643700
16
Beds
0
Baths
0
½ Baths
0.39
Acres
4,351
SQFT
$552
$/SQFT
2016
Built
Neighborhood:
Lynwood
County:
Los Angeles
Area:
Lynwood
Property Description
Non-Rent Controlled, located on a quiet residential block E of Atlantic Ave. and S of Imperial Hwy. One-story building, adjacent alley, (6) apartment units. Great unit mix, (4) three-bedroom and (2) two-bedroom units. Remodeled bright and spacious units that average over 800 SF. ***Potential to add additional Accessory Dwelling Units (ADU) (+/-1,772 SF) and potential to convert into an ADA Accessible Senior Housing community. Well-maintained property; upgraded electrical, copper plumbing, in-unit laundry, artificial No maintenance faux-grass throughout and fully fenced and gated. Garage spaces for each unit, plus open driveway, and alley parking. 5221 Elmwood Ave. presents a significant value-add opportunity to investors, as current rents are below market value for these nicely remodeled units in the area. PLEASE DO NOT WALK ON PROPERTY, DO NOT DISTURB OCCUPANTS, CONFIDENTIAL SALE
Exterior Features

Direction Faces South Lot Description Alley PavedBack YardExterior Security LightsFencedFenced YardFront YardGated CommunityLandscapedSidewalks Lot Location CityNear Public Transit Lot Size Area 16872 Other Structures None Parking Garage AssignedDirect Entrance Paved YN Yes Roof Asphalt Style Bungalow Total Parking 15 View Description Courtyard View YN Yes

Interior Features

Bathroom Features Tile Baths Total 6.00 Bedroom Features Main Floor Bedroom Common Walls Detached/No Common Walls Cooking Appliances Gas Cooling Air ConditioningGas Equipment Gas Dryer HookupStackable W/D Hookup Flooring Ceramic Tile Heating Forced Air Kitchen Features Granite CountersRemodeled Laundry In Unit Laundry Equipment Own Water Heater Features GasTankless Windows Double Pane Windows

Property Features

ADACompliance Yes Alley YN Yes Assessed Total Value 146771 Disability Access 2+ Access ExitsWheelchair AdaptableNo Interior Steps Entry Floor Number 1 Gross Income 137625 Gross Operating Income 137625 Land Lease Type Fee Like Units1 4 Like Units2 2 Net Operating Income 128275.00 Number Of Buildings 6 Number Of Units 6 Property Condition Updated/Remodeled Rent Control YN No Sale Type Standard Security Features GatedSmoke DetectorCarbon Monoxide Detector(S)CommunityExterior Security Lights Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Cable TvElectricityGasInsuranceHot Water Total Annual Expense 9350 TVServices Cable Tv Type Of Units 6 Water DistrictIn StreetMeter On PropertyPublic Water Heaters YN Yes Year Built Source Seller Zoning Lyr3yy

Listing provided courtesy of L.J Mismas DRE#01889106 of Westside Pacific Estates Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T11:42:40.597. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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