Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
Lynwood, CA 90262,3535 Los Flores
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Leon Borunda

Leon Borunda

+1(559) 779-6540
$1,075,000
Est. payment /mo
9,208 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25263435

HOA Y/N No

Year Built 1948

Lot Size 9,208 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present 3535 Los Flores Blvd, a six-unit apartment building in the city of Lynwood to market. The property features a desirable layout consisting of a single-story four-unit building in the front, complemented by a two-unit structure situated above garages in the rear.

The asset offers strong cash flow from day one, operating at a 10.0 GRM and a 5.82% cap rate, with approximately 23% rental upside available. Achieving market rents would elevate the property to a pro forma 8% cap rate. Recent upgrades include the replacement of two of the six electrical subpanels, along with new individual water heaters installed for each unit.
Lynwood does not impose municipal rent control and is instead governed under AB-1482, allowing for higher annual rent increases compared to nearby cities.

Currently, the garage spaces beneath the rear building have been converted into individual storage units for tenants, offering flexible future use. A new owner may choose to restore them to functional garages, continue generating income through storage rentals, or convert the space into two ADUs to further increase revenue.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6191014020

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Jackson Jorgensen Younglewin Advisors, Inc. jack@younglewin.com

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 20
  • 9

    Anderson K - 8 School

    Public | KG - 8

  • 8

    Bryson Avenue School

    Public | KG - 5

  • 8

    Aspire Gateway Academy

    Public | KG - 5

  • 7

    Laurel Street Elementary School

    Public | PK - 8

  • 7

    Thomas Jefferson Elementary School

    Public | PK - 8

  • 6

    Ardella B. Tibby K-8 School

    Public | KG - 8

  • 6

    Stanford Avenue Elementary

    Public | 1 - 5

  • 6

    Victoria Avenue Elementary

    Public | KG - 5

  • 6

    Colin P. Kelly Elementary School

    Public | KG - 8

  • 6

    Mark Twain Elementary School

    Public | KG - 6

  • 6

    Washington Elementary School

    Public | KG - 6

  • 6

    Aspire Firestone Academy

    Public | KG - 5

  • 6

    William Jefferson Clinton Elementary School

    Public | KG - 8

  • 6

    Will Rogers Elementary School

    Public | KG - 6

  • 6

    Keppel Elementary School

    Public | KG - 5

  • 6

    Hollydale School

    Public | KG - 8

  • 5

    Florence Avenue Elementary School

    Public | KG - 6

  • 5

    Dickison Elementary School

    Public | KG - 8

  • 5

    Rosecrans Elementary School

    Public | KG - 6

  • 5

    Willow Elementary

    Public | KG - 5

Middle Schools 20
  • 6

    International Studies Learning

    Public | 6 - 12

  • 5

    Walnut Park Middle School - STEM Academy

    Public | 6 - 8

  • 5

    Lynwood Middle School

    Public | 7 - 8

  • 5

    Frank J. Zamboni Middle School

    Public | 6 - 8

  • 4

    Lifeline Education Charter

    Public | 6 - 12

  • 4

    South Gate Middle School

    Public | 6 - 8

  • 3

    Franklin D. Roosevelt Middle School

    Public | 6 - 8

  • 3

    Chavez Middle School

    Public | 6 - 8

  • 3

    Bell Gardens Intermediate

    Public | 6 - 8

  • 2

    Drew Middle School

    Public | 7 - 8

  • 2

    Prepa Tec - los Angeles

    Public | 6 - 8

  • 1

    Edwin Markham Middle School

    Public | 6 - 8

  • 1

    Willowbrook Middle School

    Public | 6 - 8

  • 1

    Davis Middle School

    Public | 6 - 8

  • 1

    Bunche Middle School

    Public | 6 - 8

  • 1

    Southeast Middle School

    Public | 6 - 8

  • 1

    Hosler Middle School

    Public | 7 - 8

  • 1

    Franklin S. Whaley Middle School

    Public | 6 - 8

  • 0

    Thomas Riley High School

    Public | 7 - 12

  • 0

    Dorothy V. Johnson Community Day

    Public | 7 - 12

High Schools 20
  • 9

    King/Drew Medical Magnet High School

    Public | 9 - 12

  • 8

    Animo Pat Brown

    Public | 9 - 12

  • 6

    Alliance Cindy and Bill Simon Technology Academy H

    Public | 9 - 12

  • 5

    South East High School

    Public | 9 - 12

  • 5

    Legacy STEAM High School

    Public | 9 - 12

  • 4

    South Gate High School

    Public | 9 - 12

  • 4

    Lynwood High School

    Public | 9 - 12

  • 4

    Bell High School

    Public | 9 - 12

  • 4

    Legacy Visual & Performing Arts High School

    Public | 9 - 12

  • 3

    Marco Antonio Firebaugh High School

    Public | 9 - 12

  • 2

    David Starr Jordan High School

    Public | 9 - 12

  • 1

    Animo College Preparatory Academy

    Public | 9 - 12

  • 1

    Compton High School

    Public | 9 - 12

  • 1

    Dominguez High School

    Public | 9 - 12

  • 0

    Verbum Dei High School

    Private | 9 - 12

  • 0

    Harriet Tubman High School

    Public | 9 - 12

  • 0

    Cesar Chavez Continuation High School

    Public | 9 - 12

  • 0

    Simon Rodia Continuation

    Public | 9 - 12

  • 0

    Compton Community Day High School

    Public | 9 - 12

  • 0

    Odyssey Continuation

    Public | 9 - 12

School and business data provided by Attom Data.

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Leon Borunda

Leon Borunda

+1(559) 779-6540

Realtor | License ID: 01818465

Realtor License ID: 01818465

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