12008 Long Beach Boulevard, Lynwood, California 90262, Lynwood, 90262 - bed, bath

12008 Long Beach Boulevard, Lynwood, California 90262 home-pic-0
ACTIVE$1,200,000
12008 Long Beach Boulevard, Lynwood, California 90262
0Bed
0Bath
3,016Sqft
7,096Lot
Year Built
1942
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$398
HOA
-
Days on market
-
Sold On
-
MLS number
OC24247074
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 3016(50th), beds - undefined(50th), baths - undefined(50th).

It is the best deal around! Cash Cow Multi-Family on Long Beach Blvd is an excellent location for an owner-occupied and the tenants. The landlord is selling to purchase a single-family residence. The total monthly rental income is $10,471. The landlord pays an average monthly utility of $649. This is a non-contingent sale. Make offers subject to interior inspection. Do not disturb the tenants. Conveniently Close to everything: restaurants, grocery stores, bus stops, laundry, and employers. Three buildings on the lot. The front building with three units facing Long Beach Blvd is on combined electric meters, paid for by the landlord. The second center building is a two-bedroom and one-bath with its own gas and electric meter paid for by the tenant. The third building at the rear has five units on a combined electric meter paid by the landlord. There is one water meter paid by the landlord. There are two gas meters; the landlord pays for the gas except for unit #4 (the two-bedroom). Three units have window A/C and pay an additional $100, which is already included in the rent. There is no laundry on the premises. The monthly average landlord utility expenses are : Water: $350, Gas: 100, Electricity: $399. Upon receiving an offer, the landlord does his own management and can provide rent rolls and expenses, then copies of other costs that may change upon the sale not listed on this listing.

Price History

Date
Event
Price
10/31/25
Price Change
$1,200,000
01/04/25
Listing
$1,300,000
07/02/97
Sold
$180,000
Condition Rating
Fair

Built in 1942, this multi-unit property shows significant age on its exterior, with visible wear, cracks, and security bars. While the interior images reveal some recent cosmetic updates in the visible units—such as clean tile flooring, fresh white paint, basic white kitchenettes with small sinks, and a simple tiled shower stall—these appear to be tenant-grade improvements rather than extensive renovations. The 'kitchens' are very basic kitchenettes, lacking full appliances. The property also lacks central air conditioning (relying on window units) and on-site laundry facilities. Overall, the property is aged but has received some functional upkeep; however, major components and amenities remain outdated, requiring more substantial investment to modernize beyond basic functionality.
Pros & Cons

Pros

Strong Rental Income: The property generates a substantial total monthly rental income of $10,471, positioning it as a 'Cash Cow Multi-Family' investment.
Prime Location & Accessibility: Located on Long Beach Blvd, the property boasts excellent accessibility to essential amenities including restaurants, grocery stores, bus stops, laundry services, and employers, enhancing tenant appeal.
Multi-Unit Configuration: Comprising three separate buildings with multiple units, this property offers diversified income streams and potential for an owner-occupied investment.
Recent Price Reduction: The list price has been reduced from $1.3M to $1.2M, potentially offering a more attractive entry point and value proposition for prospective buyers.
Owner-Occupancy Potential: The property is explicitly highlighted as an excellent option for an owner-occupant, allowing a buyer to live on-site while benefiting from rental income.

Cons

High Landlord-Paid Utilities: The landlord is responsible for a significant portion of utility costs, including combined electric meters for most units, all water, and most gas, leading to an average monthly expense of $649 which impacts net operating income.
Lack of On-Site Laundry: There are no laundry facilities on the premises, which can be a significant inconvenience for tenants and a missed opportunity for additional income generation.
Age of Property: Built in 1942, the property's age suggests potential for older infrastructure, systems, and deferred maintenance, which may require future capital expenditures for upgrades or repairs.

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