11464 Copeland Street, Lynwood, California 90262, Lynwood, 90262 - bed, bath

11464 Copeland Street, Lynwood, California 90262 home-pic-0
ACTIVE$1,000,000
11464 Copeland Street, Lynwood, California 90262
0Bed
0Bath
2,936Sqft
9,112Lot
Year Built
1910
Close
-
List price
$1M
Original List price
$950K
Price/Sqft
$341
HOA
-
Days on market
-
Sold On
-
MLS number
OC24235297
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.00M(86th), sqft - 2936(79th), beds - undefined(50th), baths - undefined(50th).

On a beautiful tree-lined street with other pride of ownership SFRs and multi-family dwellings are 2 adjacent lots: 11460 and 11464 Copeland that seller desires to sell together. This second of the two lots (11464) is over 9000 sqft of land with a detached 2-bedroom home in the front and a long driveway for lots of parking. The detached home has a fenced yard. Next on this lot is a second detached home with 2 bedrooms and 1 bath. Finally in the back of the lot is a duplex of two 2-bedroom 1-bath units, and attached to those units are four garages that face the alley. All these four 2- bedrooms are on a single level, with only 1 occupied and two freshly painted with new flooring and new toilets. One even has a new kitchen cabinet and countertop! This property is being sold as-is but is the perfect opportunity for an investor to get into this area for an affordable price, then occupy one while doing upgrades on the rest! Please remember seller's preference is to sell these parcels together but could split them up for the right price.

Condition Rating
Fair

The property was built in 1910 and consists of multiple units. While some units have been freshly painted with new flooring and toilets, and one has a new kitchen cabinet and countertop, the overall condition appears aged. The images show a mix of updated and outdated features. Given the age and the description indicating 'as-is' sale with the need for upgrades, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Income Potential: The property features multiple units (two detached homes and a duplex), providing significant income potential for investors.
Large Lot Size: The property boasts a large 9000+ sqft lot, offering ample space for parking and potential future development.
Recent Upgrades: Some units have been freshly painted with new flooring and toilets, and one has a new kitchen, reducing immediate renovation costs.

Cons

As-Is Condition: The property is being sold as-is, which may require further investment in repairs and upgrades.
Occupancy Status: Only one of the four 2-bedroom units is currently occupied, potentially impacting immediate rental income.

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