Residential Income - Lynwood, CA
The subject property is an two-unit mix used asset consisting of a retail property in front and a 2 bedroom 1 bath residential house behind the retail. The retail space has approximately 520 square feet of space with good frontage on Atlantic Avenue. The two bedroom house is approximately 904 square feet and has access through the alley with a gated private fence and parking area. According to public records the building was built in 1948 and contains two separate structures. The zoning for the property is CB1 (Lynwood Controlled Business Zoning). This zoning allows for variety of uses which have been vetted by the City of Lynwood and deemed appropriate for that particular pocket. Buyers are encouraged to confirm with City of Lynwood regarding their specific business interests and licensing questions. This offering provides an opportunity for an owner-user to be able to purchase their own building at an affordable price point and possibly utilize the house in the back in conjunction with their business needs.
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