3617 Cedar Avenue, Lynwood, California 90262, Lynwood, 90262 - bed, bath

3617 Cedar Avenue, Lynwood, California 90262 home-pic-0
ACTIVE$865,000
3617 Cedar Avenue, Lynwood, California 90262
0Bed
0Bath
2,398Sqft
7,609Lot
Year Built
1939
Close
-
List price
$865K
Original List price
$865K
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
DW25125788
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $865.0K(43th), sqft - 2398(71th), beds - undefined(50th), baths - undefined(50th).

Welcome to Lynwood — Where Opportunity Meets Location! Discover a rare gem in one of Lynwood’s most desirable neighborhoods! Just minutes from Plaza Mexico, top-rated schools, shopping centers, and major freeways, this property offers the perfect blend of convenience and potential. Sitting on a spacious lot, you'll find two charming single-family homes a fantastic setup for multi-generational living or a smart investment opportunity. ?? Front Home: 3 bedrooms, 2 bathrooms, with in-unit washer/dryer hookups ?? Rear Home: 1 bedroom, 1 bathroom – private and cozy ?? Detached 2-Car Garage – possible ADU conversion (buyer to verify with the city) Each home has its own private recreation area, giving residents their own space to relax and unwind. Located on a quiet, tree-lined street, this is the kind of property that doesn’t come around often. Both units are tenant-occupied, offering immediate rental income from day one. Whether you're looking to invest, live in one and rent the other, or explore future ADU possibilities, this is the one you’ve been waiting for!

Price History

Date
Event
Price
05/12/14
Sold
$371,000
Condition Rating
Fair

The property was built in 1939. The images show the exterior of the property. The property appears to be maintained, but aged. The driveway is cracked. The property requires minor updates or repairs.
Pros & Cons

Pros

Income Potential: The property features two separate homes, both currently tenant-occupied, providing immediate rental income.
ADU Potential: The detached 2-car garage presents a potential opportunity for ADU conversion, subject to city verification, which could further increase income or living space.
Desirable Location: Located in a desirable Lynwood neighborhood, close to Plaza Mexico, top-rated schools, shopping centers, and major freeways, offering convenience and accessibility.
Multi-Generational Living: The two separate homes are ideal for multi-generational living, providing privacy and independence for different family members.
Spacious Lot: The property sits on a spacious lot, offering private recreation areas for each home and potential for outdoor activities.

Cons

Age of Property: Built in 1939, the property may require updates or repairs to meet modern standards and address potential maintenance issues associated with older homes.
Tenant-Occupied: While providing immediate income, tenant-occupied units may limit immediate access for renovations or owner occupancy.
ADU Verification Required: The ADU potential of the garage is subject to city verification, adding a layer of uncertainty and potential delays to any conversion plans.

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