12623 Harris Avenue, Lynwood, California 90262, Lynwood, 90262 - bed, bath
ACTIVE$1,450,000
12623 Harris Avenue, Lynwood, California 90262
0Bed
0Bath
3,650Sqft
21,463Lot
Year Built
1945
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
DW25218722
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.45M(86th), sqft - 3650(86th), beds - undefined(50th), baths - undefined(50th).
Wow 4 separate houses on a large lot in the beautiful city of Lynwood. Property consist of a 3 bedroom 2 bath house and 3,2 bedroom 1 bath houses. Property sits on a 21463 sqft lot zoned LYR2. Great possibilities to add and build ADU's. Also house has separate entrances thier own driveway. perfect for first time investors.
Price History
Date
Event
Price
09/16/25
Listing
$1,450,000
06/22/11
Sold
$420,000
07/21/06
Sold
$825,000
Condition Rating
Poor
Built in 1945, this property is nearly 80 years old with no indication of major renovations. The exterior images reveal significant deferred maintenance, including unkempt landscaping, weathered fences, and older roofs. Without any interior photos, it's highly probable that the kitchens, bathrooms, and all major systems (electrical, plumbing, HVAC) are original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards. The property's value appears to be primarily in its large lot and multi-unit potential, rather than the condition of the existing structures.
Pros & Cons
Pros
Significant Income Potential: As a quadruplex with four separate houses (one 3-bed/2-bath and three 2-bed/1-bath units), the property offers substantial and diversified rental income streams.
Development & Expansion Opportunities: Situated on a large 21,463 sqft lot zoned LYR2, there are great possibilities to add and build Accessory Dwelling Units (ADUs), enhancing future value and income.
Investor-Friendly Configuration: Each house features separate entrances and its own driveway, providing tenant privacy and convenience, making it an attractive asset for investors, especially first-timers.
Expansive Lot Size: The generous 21,463 sqft lot is a significant asset, offering ample space for potential expansion, outdoor amenities, or further development, which is rare for multi-unit properties.
Multi-Unit Diversification: The quadruplex structure inherently diversifies income and reduces vacancy risk compared to single-family rentals, providing a more stable investment.
Cons
Age of Property: Built in 1945, the property is nearly 80 years old, suggesting potential for outdated systems, deferred maintenance, and higher renovation costs to meet modern standards.
Potential for High Maintenance: With four separate, older units, the property is likely to incur higher ongoing maintenance and repair expenses compared to newer or single-unit properties.
Increased Management Complexity: Managing four distinct rental units, each with its own tenants, leases, and maintenance needs, can be more demanding and time-consuming for an owner/investor.