12320 Long Beach Boulevard
Lynwood, CA 90262
- – beds
- – baths
- – sqft
- 7,206 sqft lot
- 1935 build
- – on site
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Looking for a CASH COW or an opportunity to BUILD units? This multi unit property features zoning for commercial and residential. It has a higher use of residential and can qualify for residential financing. Currently the front unit is a Hair salon and the unit in the back is a 2 bed 1 bath with a detached 2 car garage on a LARGE LOT! The new laws may allow you to legally convert the 2 car garage into an ADU to rent out for more $$! Turning the property into a triplex. BONUS! The property has 2 trailers that are rented out for a total of $750 a month. You have potential to get up to 5 streams of income on one property! The city of Lynwood can allow you to build up to 7 units under affordable housing. Please check with city for more details. Property is conveniently located by the 105/710/91 freeways, public transportation (metro Green line), 20 mins from the NEW Rams/Chargers SoFi Stadium, Shopping centers such as NEW Walmart Supercenter as well as Plaza Mexico and St. Francis Medial Center . Property can qualify for Residential financing and Rebuilt letter is on hand!
Listed By CRMLS_CA / Marvin Garcia / Remax Innovative
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Last updated Apr 5, 2024
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MLS# DW20070325 —
Walk Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/2/20
Sep 2, 2020
|
Sold | CRMLS_CA | $505,000 | |
6/10/20
Jun 10, 2020
|
Pending | CRMLS_CA | $505,000 | |
5/27/20
May 27, 2020
|
Price Changed | CRMLS_CA | $505,000 | -3.8% |