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    5221 Elmwood Ave

    Lynwood, CA 90262
    • $2,499,950
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 20-643700
    UPDATED: 5 min ago
    $2,499,950
    • 16
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,351
      SQFT
    • $575
      $/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 2020-12-01T10:42:21.85. 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.trulinerealty.com/homes/110828062
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    5221 Elmwood Ave Lynwood, CA 90262

    • Price: $2,499,950
    • Status: Active
    • Updated: 5 min ago
    • ID#: 20-643700
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    4,351
    SQFT
    $575
    $/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 2020-12-01T10:42:21.85. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211