Property Detail

Description

We are pleased to present 3310 Palm Avenue, a turnkey triplex offering strong in-place income and long-term upside in a convenient Lynwood location. The property is currently generating $8,819 per month ($105,828 annually) with an actual 6.20% CAP rate and 11.58 GRM, making it an attractive option for both investors and owner-users. All three units have been fully renovated with modern kitchens, updated bathrooms, and laminate flooring, providing a low-maintenance asset with immediate rental appeal. The front home is a spacious 3-bedroom, 2-bathroom residence (1,220 sq ft) built in 1940, while the rear structure, constructed in 1990, features a duplex with two 2-bedroom, 2-bathroom units, plus a bonus room above two single-car garages. Both buildings include new roofs, updated electrical panels, and in-unit laundry hookups. 3310 Palm Avenue is ideally located near Lynwood High School, Lynwood Park, and Plaza Mexico with convenient access to the 105 and 710 freeways. The property is projected to generate approximately $18,000 per year in positive cash flow, making it a compelling opportunity for investors or owner-occupants seeking income to offset their mortgage