3554 Brenton Avenue, Lynwood, California 90262, Lynwood, 90262 - bed, bath

3554 Brenton Avenue, Lynwood, California 90262 home-pic-0
ACTIVE$1,200,000
3554 Brenton Avenue, Lynwood, California 90262
0Bed
0Bath
3,165Sqft
7,788Lot
Year Built
1956
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$379
HOA
-
Days on market
-
Sold On
-
MLS number
PW25031713
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(86th), sqft - 3165(86th), beds - undefined(50th), baths - undefined(50th).

Here’s your chance to secure a well-kept 3-unit, single-story building, built in 1956, featuring four enclosed garages. Positioned to generate strong cash flow with room for increased rents, this property offers exciting potential for savvy investors. Inside, you'll find spacious units, including a 3-bedroom, 2-bath that’s currently rented below market rate totaling about 1,800 square feet of living space, creating an immediate opportunity for higher income. Along with that, there’s a 1-bedroom/1-bath, a 2-bedroom/1-bath unit. A large, fenced patio, secured with a gate, is shared with a neighboring fourplex, providing tenants with an ideal outdoor area. This property is professionally managed and well-maintained, with several units recently updated to ensure lasting appeal. Located just moments from St. Emydius Catholic Church, schools, St. Francis Medical Center, and the bustling Plaza Mexico Shopping Center, this spot ensures consistent demand from tenants. Purchase this building on its own or bundle with the neighboring fourplex at 3552 Brenton Ave. An ideal investment for those seeking a turnkey property with long-term growth and solid income potential in a prime, convenient location.

Price History

Date
Event
Price
03/09/21
Sold
$815,000
06/26/13
Sold
$373,500
Condition Rating
Fair

Built in 1956, this property is 68 years old. While the listing states it is 'well-kept' and 'professionally managed' with 'several units recently updated,' the age of the property implies that major systems and infrastructure are likely outdated or nearing the end of their lifespan, as noted in the property analysis regarding 'aging infrastructure or systems that could require significant capital expenditures in the future.' The exterior appears maintained, but without interior photos of the kitchens and bathrooms, it's difficult to assess their specific condition, style, and features. However, given the age and the partial nature of the updates, it's reasonable to assume these areas are functional but likely show signs of being outdated, requiring minor updates or repairs to meet current standards.
Pros & Cons

Pros

Strong Income Upside: The property offers immediate value-add potential with units, particularly the 3-bedroom, 2-bath, currently rented below market rate, allowing for increased cash flow upon rent adjustments.
Multi-Unit Investment: As a triplex, the property provides diversified income streams and typically higher cash flow potential compared to single-family residential investments.
Prime Rental Location: Its proximity to St. Emydius Catholic Church, schools, St. Francis Medical Center, and Plaza Mexico Shopping Center ensures consistent tenant demand and desirability.
Well-Maintained & Updated: The property is professionally managed and well-maintained, with several units recently updated, suggesting reduced immediate capital expenditures for a new owner.
Valuable Parking & Outdoor Space: The inclusion of four enclosed garages and a large, fenced shared patio provides significant amenities for tenants, enhancing the property's appeal and rental value.

Cons

Age of Property: Built in 1956, the property is 68 years old, which may imply potential for aging infrastructure or systems that could require significant capital expenditures in the future, despite recent updates.
Shared Outdoor Space: The large patio is shared with a neighboring fourplex, which could potentially lead to tenant disputes or management complexities regarding usage and maintenance.
Limited Individual Unit Amenities: While there is a shared outdoor area, the description does not mention private outdoor spaces or in-unit laundry facilities for each unit, which could be a drawback for some prospective tenants.

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