3346 Martin Luther King Jr Boulevard, Lynwood, CA 90262

Lynwood
Local realty services provided by:ERA Excel Realty
3346 Martin Luther King Jr Boulevard,Lynwood, CA 90262
$1,395,000
  • 12 Beds
  • 8 Baths
  • 4,000 sq. ft.
  • Multi-family
  • Active
Listed by: michael shadgou
Office: coldwell banker realty310-820-6651
MLS#:26855073
Source:CRMLS

Price summary

  • Price:$1,395,000
  • Price per sq. ft.:$348.75

About this home

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...

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Home facts

  • Year built:1983
  • Listing ID #:26855073
  • Added:61 day(s) ago
  • Updated:September 07, 2026 at 11:02 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Kitchen Description:Gas Range
  • Living area:4,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1983
  • Building area:4,000 sq. ft.
  • Lot area:0.2 Acres
  • Architectural Style:Mid Century Modern
  • Levels:2 Story

Finances and disclosures

  • Price:$1,395,000
  • Price per sq. ft.:$348.75

Parking

  • Total parking spaces:8
  • Parking description:Detached Carport, Door-Single, Garage
  • Garage:Yes
  • Garage spaces:4
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