3306 Palm Avenue, Lynwood, CA 90262

About this property

3306 Palm Avenue offers a highly desirable mix of one two-bedroom/one-bath house and a rear triplex with all three-bedroom/one-bath units. The units are separately metered for gas and electricity and have in-unit laundry hookups. The property also features an automatic gate for controlled access, four single-car garages, one two-car garage, and a tandem surface parking space in front of each garage. 
 
 Recent improvements to the property include a brand new roof for the house, and one of the three-bedroom units is currently being renovated. 3306 Palm Avenue is located just west of Long Beach Boulevard one block from Helen Keller Elementary and conveniently near shopping and the 105 Freeway.
 
 This offering presents an excellent opportunity to acquire an asset with a sought-after unit mix in a strong rental market and capture 20 percent rental upside.

Listing description from the September 2020 sale, as reported to CRMLS.

Sale history

$1,120,000

Sold September 2020 · listed $1,140,000, on market July 2020 · MLS #PW20137322 · Source: CRMLS

Listing Agent: Steven Bogoyevac · Listing Office: Steven M. Bogoyevac, Broker · Contact: 562-436-5800 · Bought with: Douglas Snell · Moylan Realty Group, Inc

$860,000

Sold November 2017 · listed $800,000, on market October 2017 · MLS #DW17243870 · Source: CRMLS

Listing Agent: Jaime Bermeo · Listing Office: Keller Williams Pacific Estate · Contact: 562-513-7800 · Bought with: Carlos Janer · USA Realty & Loans

$587,000

Sold September 2013 · listed $599,000, on market April 2013 · MLS #13668217 · Source: CRMLS

Listing Agent: Danielle Hoston · Listing Office: Keller Williams Studio City · Contact: 818-432-1500 · Bought with: Jaime Bermeo · Keller Williams Realty Downey

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