$1,395,000

3346 Martin Luther King Jr Boulevard, Lynwood, CA 90262

  • 12 beds |
  • 8 baths |
  • 4,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $349/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
July 7, 2026
Data Last Updated:
October 8, 2026 at 11:19PM
Listing Office:
Coldwell Banker Realty : 310-820-6651
Listing Agent:
Michael Shadgou : 310-741-9444
MLS ID:
26855073
  • Appliances: Gas Range
  • A/C: Central Air
  • Heating: Central
  • Style: Mid-Century Modern
  • Parking: Detached CarportDoor-SingleGarageParking spaces: 8
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LYR3*6191001025
  • View: None
  • Source: CRMLS_CL

This listing courtesy of Michael Shadgou , Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location