3310 Palm Avenue

Lynwood, CA 90262

$1,130,000
Last Sold Price
7
Beds
6
Baths
3,298 Sq. Ft.
$343 / Sq. Ft.
3,298
Sq. Ft.
$343
per Sq. Ft.

Description

Turnkey 3plex on a 8,145 Sq. Ft. Lot zoned LAR3 in a quiet residential neighborhood of Lynwood bringing $8,250 per month! Front house is a detached 3 Bedroom / 2 Bath unit built in 1940. The back two-story building consists of two 2 Bedroom / 2 Bath units (each has a bonus room) on top of the two single car garages. Back building was built in 1990. All units are completely renovated with new gorgeous kitchens and baths and new wood laminate flooring. Rear structure just completed exterior painting...Turnkey 3plex on a 8,145 Sq. Ft. Lot zoned LAR3 in a quiet residential neighborhood of Lynwood bringing $8,250 per month! Front house is a detached 3 Bedroom / 2 Bath unit built in 1940. The back two-story building consists of two 2 Bedroom / 2 Bath units (each has a bonus room) on top of the two single car garages. Back building was built in 1990. All units are completely renovated with new gorgeous kitchens and baths and new wood laminate flooring. Rear structure just completed exterior painting and a new roof. Each unit is separately metered for gas and electricity. Rent roll (including the 10% increases) $2,970, $2,640, and $2,640 (total of $8,250/mo). Current Cap Rate 6.3%, GRM 11.6 plus additional upside!
  1. Listed by Olga Wright • DRE #01315042 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 3108017373
  2. Listed by Evelyn Baez Gonzalez • DRE #02103055 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 3310 Palm Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3298
Assessor Parcel Number
6176-013-017
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

Sold By Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

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LISTING UPDATED: 03/28/2023 03:24 AM

Property Details for 3310 Palm Avenue

StatusClosed
MLS #SB22250225
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.19 AC / 8,145 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

Sold By Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Add your commute

Building Information for 3310 Palm Avenue

Stories1Residences-Year Built1940Building Size-Lot Size0.19 AC / 8,145 SF

Payment Calculator

$7,353 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,167

Property Taxes

$1,186

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3310 Palm Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $99,000
  • Gross Scheduled Income: $99,000
  • Vacancy Allowance: 2970
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $96,030
  • Net Operating Income: $72,401
  • Gross Multiplier: 11.62
  • Cap Rate: 6.3
  • Financing: Conventional
Expense Details
  • Operating Expense: $23,629
  • New Taxes Expense: $15,065
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,814
  • Maintenance Expense: $1,950
  • Trash Expense: $0
  • Water Sewer Expense: $3,600
  • Total Expenses: $23,629
Tax / Assessment Info
  • Tax Tract Number: 3025
  • Tax Census Tract: 5405.02
  • CFD/Mello-Roos Fee: $975
  • Tax Lot: 1120
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,970
  • Unit Type Total Rent: $2,970
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,640
  • Unit Type Total Rent: $2,640
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,640
  • Unit Type Total Rent: $2,640
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 3310 Palm 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 3310 Palm Avenue

Taxable ValueLand$593,028Additions$395,352Total$988,380
Tax Record2023$14,228 ($1,186 / month)
Home Facts
Total Finished SqFt3,298 SqFtAbove Grade Finished SqFt3,298 SqFtStories1Lot Size8,145 SqFtStyleTriplexYear Built1940ZoningLYR3*CountyLOS ANGELESAPN6176-013-017

Schools near 3310 Palm 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
Helen Keller Elementary School
PublicK to 6

Lynwood Middle School
Public7 to 8

Marco Antonio Firebaugh 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.

Similar Homes

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

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Olga Wright, DRE #01315042; Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez, DRE #02103055

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.