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NewOpen House

$875,000

1,878 sqft$466/sqft7 days on market

3117 Oakwood Avenue

Lynwood, CA 90262

ยท 8% down, 7% APR, 30yr fixed

5

Beds

2

Baths

1,878

Square feet

1948

Built

Listing narrative

Description

A MUST SEE. Two on One lot for the first time in 50 years. Welcome to 3117 Oakwood Avenue, an exciting opportunity offering income potential, ownership flexibility, and long-term value in Lynwood. With two residences on one lot, this property offers options for investors, and those considering multigenerational living. The two-residence configuration provides flexibility to accommodate different ownership goals. Continue operating the property as a rental investment, explore occupying one residence while leasing the other, or plan for extended-family living, subject to existing tenancies and applicable requirements. Separate living spaces offer privacy while keeping both residences within one property. For investors, 3117 Oakwood Avenue presents an opportunity to establish or expand a residential rental portfolio. For owner-users, it offers the possibility of combining homeownership with rental income. ALREADY RENOVATED- Owner has rewired the electrical system, installed new gutters, updated flooring, etc. Whether your priority is rental income, shared family living, or building equity through real estate, 3117 Oakwood Avenue deserves a closer look. The front house is one level and has 3 bedrooms and 1 bath. The back apartment is upstairs over the carport has 2 bedrooms and 1 bath. There is ample private parking for approx 10-12 cars. This is a rare gem. DO NOT DISTURB TENANTS.

Listing agent (MLS): Lyric Joseph-Armstrong ยท Listing brokerage (MLS): LA Realty & Development

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$875,000

Beds

5 bd

Type

House

Home Size

1,878 sqft

Baths

2

Lot Size

0.14 acres

Year

1948

Status

New

Days on Market

7

$ / Sqft

$466

ยท 8% down, 7% APR, 30yr fixed

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Courtesy of LA Realty & Development