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3566 Mulford Ave, Lynwood, CA, 90262

$1,150,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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3566 Mulford Ave, Lynwood$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage4 spaces
Year Built1948
MLS #SB24220035
Lot Size0.21 Acres
StatusActive

About 3566 Mulford Ave

Highest cash flow 4 Plex in the city on a oversized lot! 3566 Mulford Ave is a renovated 4plex located in Lynwood currently operating at a 5.63% Cap Rate and 12.46 GRM. Ideal opportunity for any value-add investor or owner user looking to live in one unit while your tenants pay your mortgage. This 2,161 square foot building is situated on a 8,939 square foot lot, zoned LYR3. Tremendous opportunity for a buyer to build either 2 or 4 ADUS on-site using new Senate Bill SB1211. With just two ADUs, a buyer can reach a 11.32% CAP Rate or a 16.48% cap rate with building 4. There are four single car garages in the rear that can be converted to an ADU and have an ADU built on top while maintaining parking, or you can remove parking all together and add an additional 4 units to the rear. The property features new double pain windows, individual garages, large common area behind the garages and individual water heaters. This is one of the best cash flowing assets in Lynwood. Ownership has completed interior renovations, exterior stucco and paint, added duel-paned vinyl windows, replaced the roof and garage doors. Whether you are an owner/user or investor, this is the perfect opportunity to break into the real estate market! The subject property is located on a residential street with pride of ownership homes. It is in close proximity to Lynwood Park/Sports Complex/Recreation Area, City Hall, Henning Youth Center, St. Francis Medical Center and Plaza Mexico. OM in the supplements.

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 420-2541
  • Listing Agent: Cameron Samimi

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

School Info

Assigned Schools Information:

  • Lynwood High School, Public District Grades 9-12
  • Hosler Middle School, Public District Grades 7-8
  • Wilson Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Off Imperial Hwy and Long Beach Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000

Tax Information:

  • Annual Amount: $8,862
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lynwood, CA.

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Lynwood, CA

City

Med. List Price

$679.8K

Med. Price/SqFt

$540

Avg. Days On Market

71

# of Sold Homes

5

3566 Mulford Ave vs Lynwood

2 DAYS ON ROCKET

-69 Days

$1,150,000

+$470.1K More

KEY TAKEAWAY

This property is $470.1K more than the Median List Price in Lynwood, CA.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24220035

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 420-2541
  • Listing Agent: Cameron Samimi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/27/2024, 2:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 25, 2017Home Sold
$565,000
Apr 28, 1989Home Sold
$205,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,862$605,793
2020$9,070$599,582
2019$8,338$587,826
2018$5,275$576,300
2017$5,275$331,449

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-783445
4
/10

  • Wilson Elementary School

  • 11700 School St

  • 0.36 miles

  • Public District Grades KG-6

Middle School

school-card-donut-783446
3
/10

  • Hosler Middle School

  • 11300 Spruce St

  • 0.24 miles

  • Public District Grades 7-8

High School

school-card-donut-783447
5
/10

  • Lynwood High School

  • 4050 E Imperial Hwy

  • 0.96 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,333. The majority of Lynwood, CA residents have income between $35k-100k annually. Typical family type is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Lynwood›90262›3566 Mulford Ave

This home is located at 3566 Mulford Ave in Lynwood, CA and zip code 90262 in the The Southeast neighborhood. This home, which was built in 1948, sits on a 0.21 acre lot. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $1,150,000.

The number of listings in Lynwood, CA increased by 4.3% between August 2024 and September 2024. While the average time on the market in September 2024 was 71 days, the median list price was $679,888.

From Rocket Homes Real Estate and based on county public records data.

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