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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 1,395,000

Est. payment | -/mo

12 Beds

8 Baths

4,000 SqFt

Save

$ 1,395,000

Est. payment | -/mo

Save

12 Beds

8 Baths

4,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $348

MLS Listing ID 26855073

Style Mid-Century

Bedrooms 12

Year Built 1983

Lot Size 8,710 Sqft

Acres 0.2

Property Sub-Type Multi-Family

Property Description

RARE AB 1482 RENT CONTROL OPPORTUNITY NOT SUBJECT TO LARSO. Built in 1983, this well-maintained fourplex offers investors a rare opportunity to acquire a multifamily asset outside of Los Angeles' local RSO, while remaining subject to California's AB 1482 statewide rent control. The property currently offers approximately 50% upside in rents, creating significant immediate value-add potential. At market rents, the property is projected to generate an 8.70% pro forma cap rate and 9.38 GRM at the reduced asking price of $1,395,000.The property consists of four spacious 3-bedroom/2-bath units of approximately 1,000 SF each, a highly desirable unit mix with strong rental appeal. Each unit features in-unit washer/dryer hookups, a private garage, and an additional covered carport space, providing a total of eight parking spaces. Situated on an expansive 8,710 SF LAR3-zoned lot, the property may offer additional value-add opportunities, including potential ADU development or future expansion, subject to buyer verification. Current pricing equates to just $348,750 per unit and $349 per SF, with a 5.14% current cap rate and 14.07 GRM. Conveniently located near shopping, schools, parks, public transportation, and major freeways, 3346 Martin Luther King Jr. Blvd. combines strong current income with substantial rental upside and compelling long-term value-add potential. Ideally located with convenient access to shopping, schools, parks, public transportation, and major freeways, this turnkey asset presents an outstanding opportunity for investors seeking stable income with long-term appreciation potential.

Location

State CA

County Los Angeles

Area Lynwood

Zoning LYR3*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Range/Oven, Gas Dryer Hookup

Exterior

Parking Features Carport Detached, Garage Is Detached, Garage - 1 Car, Driveway Gate

Garage Spaces 8.0

View Y/N No

View None

Roof Type Flat

Building

Architectural Style Mid-Century

Level or Stories Multi/Split, Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

3346 Martin Luther King Jr Blvd Lynwood, CA 90262

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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3346 Martin Luther King Jr Blvd