12623 Harris Ave

Flexible Multi-Family Opportunity in the Heart of Lynwood

Discover a rare and highly versatile investment opportunity in the heart of Lynwood. This well-maintained quadruplex sits on a spacious 21,463 sq ft lot and features four separate units: one 3-bedroom, 2-bathroom home and three 2-bedroom, 1-bathroom homes, each with separate electric and gas meters for maximum tenant flexibility. With a gross annual income of $109,200 and net operating income of $87,360, the property offers immediate cash flow while presenting significant upside potential.

What sets this property apart is its confirmed Lynwood zoning, which allows for the development of up to six units on the parcel, providing investors a clear path to expansion or redevelopment. Unlike many nearby markets, the City of Lynwood does not have its own rent control ordinance, giving owners the ability to set competitive rents and increase them in line with market conditions (subject to statewide rent control). Conveniently located near major thoroughfares, shopping, and public transit, this asset is ideal for first-time investors or seasoned buyers seeking a flexible, value-add opportunity in a growing Southern California market.