3706 Walnut Ave, Lynwood, CA 90262
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3706 Walnut Ave Lynwood, CA 90262

$1,000,000
  • 8 Beds
  • 4 Baths
  • 2,540 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified

Map preview of 3706 Walnut Ave, Lynwood, CA 90262

Property Overview: 3706 Walnut Ave Lynwood, CA has 8 bedrooms, 4 bathrooms, 2,540 living square feet and 7,992 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Stunning Fully Remodeled Home with Brand New ADU on Huge Lot – Perfect for High-Income Living or Investment! Welcome to this exceptional property, completely upgraded and located in a prime, central location near all major freeways! This unique estate features two beautiful homes on an expansive lot, offering endless possibilities for multi-generational living or rental income. The front house is a fully remodeled 3-bedroom, 2-bath residence, boasting all-new electrical and plumbing systems. No detail has been overlooked – from the open-concept living spaces to the modern finishes throughout, this home is perfect for comfortable, contemporary living. The primary suite includes a luxurious en-suite bath, creating a private retreat. Sitting on this huge lot is a newly constructed 4-bedroom, 2-bath ADU, completed just a year ago! With its own private entrance, this modern unit is ideal for generating extra income or providing space for family and guests. The ADU features stylish design, energy-efficient systems, and spacious living areas. Everything on this property – from the remodel to the new construction – has been done with permits, ensuring peace of mind and quality craftsmanship. Whether you want to live in one home and rent the other or secure dual rental income, this property offers a rare opportunity in today’s market. This home checks all the boxes and has ample outdoor space for entertaining or future expansion. Don’t miss out on this fantastic investment! Contact us today to schedule a viewing and see this property's incredible value!

Listed by George Wang | BRE #01751924 | Harvest Realtors, Inc.
Last checked: 5 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,992
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
SB24192708
City
Lynwood
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $3,149
  • Total Rent: $37,788
  • Pro Forma/Market Rent: $42,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Actual Rent: $3,485
  • Total Rent: $41,820
  • Pro Forma/Market Rent: $46,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,608
  • Net Operating Income: $74,908
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,700
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,200
  • Insurance: $3,500
  • Water/Sewer: $0

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Property Details for 3706 Walnut Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • All Bedrooms Down, Entry, Family Room, Galley Kitchen, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Copper Plumbing Full, Quartz Counters, Recessed Lighting, Stone Counters
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Asphalt
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6173029008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Not Available, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: off Long Beach and 105
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

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Sale History for 3706 Walnut Ave

Last sold for $340,000 on June 23rd, 2020
  • September, 2024

  • Sep 17, 2024

    Date

    Active

    CRMLS: SB24192708

    $1,000,000

    Price

  • June, 2020

  • Jun 24, 2020

    Date

    Sold

    CRMLS: PW20094302

    $340,000

    Price

  • Jun 16, 2020

    Date

    Pending

    CRMLS: PW20094302

    $349,000

    Price

  • Jun 12, 2020

    Date

    Price Change

    CRMLS: PW20094302

    $349,000

    Price

  • May 18, 2020

    Date

    Active

    CRMLS: PW20094302

    $389,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTOR OPPORTUNITY - 3 bedrooms + 1 bathroom - large lot - fixer with potential. OFFER SUBJECT TO INTERIOR INSPECTION / SHOWING. Probate Sale. 6/12/20 update - garage fire. Accepting CASH offers only thru Sunday 6/14.

  • June, 2020

  • Jun 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

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Tax History for 3706 Walnut Ave

Assessed Value (2020): $53,132
Year Land Value Improved Value Assessed Value
2020 $28,321 $24,811 $53,132

Home Value Compared to the Market

This property vs the competition

3706 Walnut Ave is listed 38.89% higher than the median list price for the city of Lynwood which has a median list price of $720,000. The median price per/sqft for Lynwood is $563 and this home is listed at $393.7 per/sqft which puts the price per square foot 30.07% lower than the median price per square foot for the city of Lynwood.

About 3706 Walnut Ave

Detailed summary of property

3706 Walnut Ave is a single family home located in Lynwood, CA 90262 and is currently for sale. This house offers 8 bedrooms, 4 bathrooms, roughly 2,540 living square feet, and sits on an approximately 7,992 square foot lot. 3706 Walnut Ave was first listed on ArdentRealEstateGroup.com on September 16, 2024. The homeowner is currently asking $1,000,000. The median priced home in Lynwood is $720,000 with a median price per square foot of $563. Based on Ardent Real Estate Group's Lynwood Market Data, this home is listed 38.89% higher than the median priced home. Local competing homes currently for sale include 12526 Downey Ave, 12256 Orizaba Ave and 12256 Orizaba Ave. While the average home in Lynwood, CA is selling in 46 days, 3706 Walnut Ave has a days on market of 11 days. There are currently 24 homes for sale in the Lynwood real estate market and 24 of them are single family homes while 0 of them are condos and 0 are townhomes. For more information on this home for sale at 3706 Walnut Ave Lynwood, CA 90262 contact Ardent Real Estate Group and we will put you in touch with one of our Lynwood agents.

Public Facts for 3706 Walnut Ave

Public county record property details
Beds
3
Baths
1
Year built
1940
Sq. Ft.
998
Lot Size
7,990
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
1269
APN
6173-029-008

The source for these homes facts are from public records.

90262 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$720,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$635,000
Median Sold Price/Sq.Ft.
$661
Total Inventory
24
Median Sale to List Price %
105.83%
Avg Days on Market
12
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.