3701 Fernwood Avenue

Lynwood, CA 90262

$1,360,000
Price
10
Beds
5
Baths
4,043 Sq. Ft.
$336 / Sq. Ft.
4,043
Sq. Ft.
$336
per Sq. Ft.

Description

Fully renovated VACANT two-story front unit with fireplace. Vacant unit is move in ready. Cashflow! Cashflow! Cashflow! This property checks all of the boxes for an investor or owner occupant. Over 4,094sq.ft. 4-unit complex. Two 3 bed / 2 bath and two 2 bed / 1.5 bath. Each unit has carport parking space with storage. Great location, few blocks away from Plaza Mexico. 1 section 8 tenant, hurry, this will not last. Agent is on Title.Fully renovated VACANT two-story front unit with fireplace. Vacant unit is move in ready. Cashflow! Cashflow! Cashflow! This property checks all of the boxes for an investor or owner occupant. Over 4,094sq.ft. 4-unit complex. Two 3 bed / 2 bath and two 2 bed / 1.5 bath. Each unit has carport parking space with storage. Great location, few blocks away from Plaza Mexico. 1 section 8 tenant, hurry, this will not last. Agent is on Title.
  1. Listed by Juan Haro • DRE #01939524 • Brokerage DRE #01915358 • Signature Realty & Loans • 562-291-8195

Property Details for 3701 Fernwood Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4043
Assessor Parcel Number
6173-030-020
Property Attached YN
false
LISTING UPDATED: 12/20/2024 10:16 PM

Property Details for 3701 Fernwood Avenue

StatusActive
MLS #SW24252735
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.15 AC / 6,528 SF
CountyLos Angeles County

Building Information for 3701 Fernwood Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,528 SF

Property Information for 3701 Fernwood Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $86,028
  • Gross Scheduled Income: $86,028
  • Net Operating Income: $75,210
Expense Details
  • Operating Expense: $10,818
  • Fuel Expense: $1,465
  • Electric Expense: $129
  • Insurance Expense: $2,788
  • Other Expense: $840
  • Trash Expense: $2,804
  • Water Sewer Expense: $2,792
  • Total Expenses: $10,818
Tax / Assessment Info
  • Tax Tract Number: 3335
  • Tax Census Tract: 5402.03
  • CFD/Mello-Roos Fee: $1,200
  • Tax Lot: 1306
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
Exterior Features
  • Entry Location: 1st
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,119
  • Unit Type Total Rent: $2,119
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 3701 Fernwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3701 Fernwood Avenue

Taxable ValueLand$307,211Additions$443,752Total$750,963
Tax Record2024$11,120 ($927 / month)
Home Facts
Total Finished SqFt4,043 SqFtAbove Grade Finished SqFt4,043 SqFtLot Size6,526 SqFtStyleQuadraplexYear Built1961ZoningLYR3*CountyLOS ANGELESAPN6173-030-020

Schools near 3701 Fernwood Avenue

This home is within Lynwood Unified School District.
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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3701 Fernwood Avenue is a multi-family home for sale in Lynwood, CA 90262. This property was listed for sale on December 20, 2024 by Signature Realty & Loans, it's currently listed at $1,360,000. It has been on the market for a total of 1 days and was last sold on July 11, 2016. This listing's school district is Lynwood Unified School District. Nearby schools include Wilson Elementary School, Hosler Middle School and Lynwood High School. 3701 Fernwood Avenue is a 10-bed, 5-bath, 4,043 sqft multi-family home built in 1961.

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 Signature Realty & Loans, Juan Haro, DRE #01939524

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.