12439 Waldorf Dr, Lynwood, CA 90262

Property Description

TRIPLEX with space for a ADU and Jr. ADU! HERE IS AN AWESOME opportunity for OWNER USER! Live in the front 2 bed/1 bath 824 sqft (approx) detached home (VACANT) and collect rent from the two units. Probate Sale - NO COURT APPROVAL required. Great Long Term Stable Tenants - ALL current on their rent. All units have 2 car parking. Tenants pays ALL Utilities. Unit Mix: (1) one detached single family 2 beds/1 bath home with w/d hookups (wood floors throughout); (2) two top floor split level 3 beds/1.5 bath (1,408 sqft /each) units with large kitchen, living area and nice size bedrooms. It is zoned to have an ADU and Jr. ADU - turn it into a Five-plex - using the bottom floor area originally permitted as a 120 sqft laundry (has its own utilities and is about 1440 sqft - not included in Sales Price or square footage - vacant). Buyer to purchase with two of the current tenants. Buyer to perform own diligence, confirm square footage, permits, rent control, zoning and etc. **Interior pictures have been virtually staged/renovated (does NOT include any interior pictures of the front detached house). ****Projected Rents are based on Market Survey performed by Appraiser. Appraised for $1 million - in its current condition.