Lynwood, CA 90262 11464 Copeland Street
$1,000,000
6 more
Presented By: Maggie Ureno with Marthanne Etheridge, Broker; 714-962-4443
Beds • 8
Baths • 3
SQFT • 2,936
Garage • 4
Year Built • 1910
Home Details
BREAKING NEWS: NOW AVAILABLE UNBUNDLED FROM 11460!! Here is a fantastic opportunity for an old fashioned investor to acquire some bread and butter units that will serve his or her portfolio for generations, and to put in some work that could yield a windfall in sweat equity and income for years to come. First of all, this is OVEF 9100 SQFT OF LAND in this parcel, and on it there is a detached, turn-of-the-century craftsman SFR with 2 bedrooms 1 bath and a fenced yard, ANOTHER detached SFR (legally converted garage) with its own fenced yard, and then a THIRD building which is a DUPLEX of two spacious 2-bedroom 1-bath units WITH FOUR 1-CAR GARAGES attached to the duplex facing the alley!! There is also a shed structure in tear-down condition. The units in the duplex have both been freshened with new paint, new flooring throughout, new raised panel doors, new kitchen counter/sink/faucet and one of them even got a brand new kitchen cabinet. The bathroom and the other two units are in dated and needs-work condition, but the upside is palpable, with City of Lynwood offering a smooth path for renovation and redevelopment. Don't live with the regret that you have now looking back on missed opportunities... snatch this one and make it into the units you know will serve you for a lifetime, or possibly produce a well-earned shorter-term gain.
Presented By: Maggie Ureno with Marthanne Etheridge, Broker; 714-962-4443
Interior Features for 11464 Copeland Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, SeeRemarks, Vinyl
Heating Y/NYes
Interior AmenitiesUnfurnished, BedroomOnMainLevel
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 11464 Copeland Street
AccessibilityAccessibleEntrance
Additional Parcels Y/NNo
AppliancesWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLynwood
Community FeaturesCurbs, Suburban, Sidewalks
Construction MaterialsAsbestos, Plaster, WoodSiding
ContingencyMust be sold with adjacent parcel 11460 Copeland and close concurrently. Seller intends to 1031 exchange.
CoolingNone
CountyLos Angeles
Current FinancingNone
Directionsexit the 105 at Long Beach Blvd and turn R, R on Mulford, R on California (becomes Fernwood), L on Copeland - a very short, tree-lined street!
DisclosuresCityInspectionRequired, RentControl
ElectricElectricityOnProperty
Electric On Property Y/NNo
Entry Locationeach unit has its own entry
Exclusionsall appliances except water heaters belong to tenants
Facing DirectionWest
Garage Spaces4.0
Garage Y/NYes
Gross Income115200.0
HOANo
HeatingRadiant, WallFurnace
Home Warranty Y/NNo
Insurance Expense2370.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, Submit
Lot Size Square Feet9112.0
Lot Size UnitsSquareFeet
MLS AreaRM - Lynwood
MobileHomeRemainsYNNo
Net Operating Income94761.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased1
Open Parking Spaces4.0
Operating Expense20439.0
Other StructuresSheds
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionFixer, RepairsCosmetic, UpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories1
Tax Lot479
Tenant PaysElectricity, Gas
Total Actual Rent1795.0
Trash Expense3010.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense3011.0
Year Built1910
Year Built SourceAssessor
ZoningLYR3YY
Exterior for 11464 Copeland Street
Building Area Total2936.0
Crops Included Y/NNo
Door FeaturesPanelDoors
FencingBlock, FairCondition, Wood
Foundation DetailsCombination
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, Level, RectangularLot, StreetLevel, ValueInLand, Yard
Lot Size Acres0.2092
Lot Size Area9112.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, DrivewayLevel, Driveway, Garage, GarageFacesRear, RvPotential, SideBySide
Private PoolNo
Road Frontage TypeAlley, CityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking8.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,000,000
MLS#OC25076542
List Date
04/08/2025
Property Type
Multi-Family
Phone
(949) 290-7647
