Views
Address
5221 Elmwood Avenue Lynwood, CA
Price
$ 2,399,950
Property Attributes
  • MLS#20643700
  • TypeIncome
  • CountyLOS ANGELES
  • CityLynwood
  • AreaLynwood
  • Zip90262
  • StyleBungalow
  • Price$ 2,399,950
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
L.J Mismas with Westside Pacific Estates Inc.
Data Source:
CLAW
Property Description

Non-Rent Controlled, located on a quiet residential block E of Atlantic Ave. and S of Imperial Hwy. One-story building, adjacent alley, (6) apartment units. Great unit mix, (4) three-bedroom and (2) two-bedroom units. Remodeled bright and spacious units that average over 800 SF. ***Potential to add additional Accessory Dwelling Units (ADU) (+/-1,772 SF) and potential to convert into an ADA Accessible Senior Housing community. Well-maintained property; upgraded electrical, copper plumbing, in-unit laundry, artificial No maintenance faux-grass throughout and fully fenced and gated. Garage spaces for each unit, plus open driveway, and alley parking. 5221 Elmwood Ave. presents a significant value-add opportunity to investors, as current rents are below market value for these nicely remodeled units in the area. PLEASE DO NOT WALK ON PROPERTY, DO NOT DISTURB OCCUPANTS, CONFIDENTIAL SALE

Price History
10/8/2020 Listed $2,499,950
2/6/2021 5% - $2,399,950

General Features

Accessibility Safe Emergency Egress from Home, No Stairs
Architectural Style Bungalow
Community Features Gated
Cooling Gas
Facing Direction South
Garage Spaces 12
Garage Y/N Yes
Heating Forced Air
MLS Area RM - Lynwood
Parking Features Assigned, Direct Access, Garage
Property Type Residential Income
PropertyCondition Updated/Remodeled
Security Features Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Sewer Other
Total Units 6
View Courtyard
Zoning LYR3YY

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Double Pane Windows

Exterior Features

Lot Features Back Yard, Front Yard, Landscaped
Lot Size Acres 0.38
Lot Size Area 16872
Lot Size Source Assessor
Lot Size Square Feet 16872
Lot Size Units Square Feet
Number of Buildings 6
Total Parking 12
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90262

Price
AVG $1.53M
$2.4M
Visits
AVG 54
35
Year Built
AVG 1959
2016
Walkscore
AVG 67
63
Data Provided by Walkscore ® not using MLS data

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