Sold for $2,000,000

Listed by: Keller Williams Coastal Prop. • Alex Colombo • Contact: 310-978-7950

Bought with: Keller Williams SELA

$2,000,000

10500 Long Beach Blvd, Lynwood, CA 90262

14beds

7baths

4,900sqft

Mixed Use

Built in 1963

-- sqft lot

$1,972,300 Zestimate^®

$408/sqft

$1,515 Estimated rent

Home value

$1,972,300

$1.78M - $2.19M

$1,515/mo

Zestimate^® history

Owner options

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$1,515/mo

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$1,515/mo

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$12,605/mo

Est. payment

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$12,605/mo

Est. payment

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What's special

Take advantage of attractive seller financing—30-year fixed, fully amortized—on this value-add 7-unit multifamily opportunity in a high-demand rental market. Currently operating at a 5.20% Cap Rate and 12.40 GRM ($13,110 per month), the property allows for solid income growth potential. Built in 1963, it features an ideal all two-bedroom unit mix, 4,900 SF of rentable space, and sits on a 7,670 SF lot with 14 total parking spaces (7 garages + 7 tandem). Separately metered for electric (all-electric building), this asset offers both operational efficiency and long-term upside, with potential to add an additional unit. Centrally located near jobs, transit, and amenities, it's well-positioned for sustained tenant demand. Don’t miss this rare opportunity to secure long-term, stable financing and immediate cash flow—schedule a tour today.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 7

Heating

Electric

Cooling

Electric

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 4,900
Total interior livable area: 4,900 sqft

Property

Parking

Total spaces: 7
Parking features: Garage
Garage spaces: 7

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 7,670 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 6208016025
Zoning: LYC3*
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Electricity Connected, Water Connected

Community & HOA

Community

Features: Street Lights, Urban

Location

Region: Lynwood

Financial & listing details

Price per square foot: $408/sqft
Date on market: 4/1/2025
Cumulative days on market: 3 days
Listing terms: Owner May Carry
Total actual rent: 13110
Tenant pays: Electricity

Price history

Date	Event	Price
5/30/2025	Sold	$2,000,000+2.6%$408/sqft
Source: CRMLS #PW25071131 Report a problem
4/18/2025	Pending sale	$1,950,000$398/sqft
Source: CRMLS #PW25071131 Report a problem
4/1/2025	Listed for sale	$1,950,000$398/sqft
Source: CRMLS #PW25071131 Report a problem