10206 State St

Property Highlights

• 6.6 Cap rate

• Great mix of (1) 3 bedroom (2) 2 bedroom, and (2) 1 bedroom units

• Two-story building

• Additional income produced from parking and laundry fees

• 5 parking garages

Deal Story

Just closed: 10206 State Street in Lynwood, a five-unit multifamily property with a strong mix of one-, two-, and three-bedroom units. Each unit is individually metered for gas and electricity, and the property includes convenient parking with two double-car garages and one single-car garage.

Built in 1953, the property sits on a 5,263 sq ft lot. Several units had been renovated prior to sale, while all units were producing stable rental income.

The asset sold in August 2024 for $1,295,000, underscoring investor demand for well-maintained, income-producing properties in Lynwood.

This closing highlights the continued appeal of value-oriented multifamily assets with potential for rental growth in the Lynwood market.