10206 State Street

Lynwood, CA 90262

$1,350,000
Price
9
Beds
5
Baths
3,706 Sq. Ft.
$364 / Sq. Ft.
3,706
Sq. Ft.
$364
per Sq. Ft.

Description

proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.18 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry....proud to present these 5 unit multifamily investment asset located in the highly desirable rental market of Lynwood. The property features(1) three-bedroom unit , (2) two-bedroom units and (2) one-bedroom units. Parking consists of (2) double car garages and (1) single car garage on 5,261 square foot lot. 3 units have been renovated, all 5 units with stabilized rents at a 6.18 cap rate on current rents with room for increase, Individually metered for both gas and electricity and on-site laundry. This is an excellent investment opportunity because of its great location, strong unit mix and upside in rental income. Investment Highlights ? 5 unit property ? 3 renovated units ? Stabilized rents on all 5 units ? 6.18 Cap rate based on current rents. Perfect for any investor look for upleg from smaller units. Please don't disturb the tenants if you have any questions call or email me.
  1. Listed by Victor Ambriz Jr • DRE #00952349 • Brokerage DRE #01978349 • Keller Williams SELA • victor@ambrizandassociates.net

Property Details for 10206 State Street

Parking Spaces Total
5
Private Pool
No
Cooling Type
None
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3706
Assessor Parcel Number
6208-008-014

Location

Listing Courtesy of Keller Williams SELA, Victor Ambriz Jr, DRE #00952349
Add your commute
LISTING UPDATED: 03/21/2024 12:58 AM

Property Details for 10206 State Street

StatusActive
MLS #DW24056170
Days on Market48
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1953
Lot Size0.12 AC / 5,263 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams SELA, Victor Ambriz Jr, DRE #00952349
Add your commute

Building Information for 10206 State Street

Stories2Residences-Year Built1953Building Size-Lot Size0.12 AC / 5,263 SF

Payment Calculator

$8,667 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,299

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10206 State Street

Rental Info
Rental Info
  • Tenant Pays: Parking Fee
Income / Expense / Tax Details
Income Details
  • Gross Income: $122,245
  • Gross Scheduled Income: $120,792
  • Net Operating Income: $83,372
  • Garage Income: $600
  • Laundry Income: $544
  • Other Income Description: RUBS
  • Other Income 1: $6,742
  • Gross Multiplier: 11.1
  • Cap Rate: 6.18
Expense Details
  • Operating Expense: $38,873
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,705
  • Professional Management Expense: $4,890
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $38,873
Tax / Assessment Info
  • Tax Tract Number: 4936
  • Tax Census Tract: 5402.01
  • Tax Lot: 96
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
Exterior Features
  • Entry Location: one
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,995
  • Unit Type Total Rent: $2,995
  • Unit Type Pro Forma: 2995
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,876
  • Unit Type Total Rent: $1,876
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,605
  • Unit Type Total Rent: $1,605
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 10206 State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10206 State Street

Taxable ValueLand$576,045Additions$470,926Total$1,046,971
Tax Record2023$15,591 ($1,299 / month)
Home Facts
Total Finished SqFt3,706 SqFtAbove Grade Finished SqFt3,706 SqFtLot Size5,263 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLYR3YYCountyLOS ANGELESAPN6208-008-014

Schools near 10206 State Street

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
Roosevelt Elementary School
PublicK to 6

Hosler Middle School
Public7 to 8

Lynwood High School
Public9 to 12

Vista High (Continuation) 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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10206 State Street is a mixed use property for sale in Lynwood, CA 90262. This property was listed for sale on March 20, 2024 by Keller Williams SELA, it's currently listed at $1,350,000. It has been on the market for a total of 48 days and was last sold on April 27, 2020. This listing's school district is Lynwood Unified School District. Nearby schools include Roosevelt Elementary School, Hosler Middle School and Lynwood High School. 10206 State Street is a 9-bed, 5-bath, 3,706 sqft mixed use property built in 1953.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams SELA, Victor Ambriz Jr, DRE #00952349

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.