3566 Mulford Avenue
Open: 11/23 02:00PM - 04:00PM
Open: 11/23 02:00PM - 04:00PM
Description
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...Property will be open Saturday: November 23rd from 2pm - 4pm. 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. OM in the supplements.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-420-2541
- Listed by Michael Padilla • DRE #01993341 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 3566 Mulford Avenue
Open Houses
Saturday, Nov 23rd
2:00 PM - 4:00 PM
Public
Property Details for 3566 Mulford Avenue
| Status | Active |
|---|---|
| MLS # | SB24220035 |
| Days on Market | 27 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1948 |
| Lot Size | 0.21 AC / 8,939 SF |
| County | Los Angeles County |
Building Information for 3566 Mulford Avenue
Property Information for 3566 Mulford Avenue
- Gross Income: $92,304
- Gross Scheduled Income: $92,304
- Vacancy Allowance Rate: 3
- Gross Operating Income: $89,535
- Net Operating Income: $64,706
- Gross Multiplier: 12.46
- Cap Rate: 5.63
- Operating Expense: $24,829
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $24,829
- Tax Tract Number: 2551
- Tax Census Tract: 5402.03
- CFD/Mello-Roos Fee: $1,107
- Tax Lot: 357
- Community Features: Urban
- Laundry: Yes
- Laundry Features: Inside
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,625
- Unit Type Total Rent: $1,625
- Unit Type Pro Forma: 2000
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,995
- Unit Type Total Rent: $1,995
- Unit Type Pro Forma: 2100
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,100
- Unit Type Total Rent: $2,100
- Unit Type Pro Forma: 2100
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,972
- Unit Type Total Rent: $1,972
- Unit Type Pro Forma: 2100
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 3566 Mulford Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3566 Mulford Avenue
Schools near 3566 Mulford Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Wilson Elementary School PublicK to 6 | ||
Hosler Middle School Public7 to 8 | ||
Lynwood High School Public9 to 12 | ||
Pathway Independent Study School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; Lyon Stahl Investment Real Estate, Inc., Michael Padilla, DRE #01993341
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.