tomo logo

$1,085,000

Beds
3
Baths
2.0
sq ft
1,373

10942 Standard Ave, Lynwood, CA 90262

10942 Standard Ave

Lynwood, CA 90262

  • 1 day on market
ATTENTION INVESTORS !!!!!!Discover a prime investment opportunity in the vibrant city of Lynwood. This fully remodeled property features two fully leased and furnished units, offering immediate cash flow and long-term potential. Unit 1:Size: 3 Bedrooms, 2 Bathrooms Current Lease: $3,748/month. Unit 2:Size: 2 Bedrooms, 1 Bathroom Current Lease: $2,424/month. Both units are currently leased, ensuring a steady rental income from day one. The property is ideally situated in a thriving area of Lynwood, close to essential amenities, schools, and transportation links, making it a highly desirable location for renters. Whether you're an experienced investor or looking to start building your real estate portfolio, this property offers a solid foundation with its reliable rental income and well-maintained condition. Don't miss this chance to secure a valuable asset in a growing community! PLEASE DO NOT DISTURB TENANTS!!!!!!!!!

Details

Property type

Single Family Residence

Est. home value

$640,377

Property condition

Updated/Remodeled

Lot size

5,761 sq ft

Price per sq ft

$791

Year built

1941

HOA

No

Price History

09/17/2024
CLAW

CLAW #24440299

Listed
$1,085,000
+108.65%
11/03/2022
CRMLS

CRMLS #DW22138469

Sold
$520,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Lynwood Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jose Luis Cardenas

Loan start date

April 2023

Original loan amount

$525,000

Est. remaining balance

Not provided

Interest rate

6.5%

Loan type

Commercial

Seller

Marksmen Construction Inc

Lender

Standard Home Lending Inc

Loan start date

November 2022

Original loan amount

$556,500

Est. remaining balance

Not provided

Interest rate

6.02%

Loan type

Commercial, 1 year

Seller

Marksmen Construction Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 9:00 AM

Listing updated: 09/17/2024 at 6:29 PM

Listed by: Destiny Guerra, Realty Group Advisors Phone #: (323) 273-1457

MLS: CLAW #24440299

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