3346 Martin Luther King Jr Boulevard
Lynwood, CA 90262
Listing broker / agent: Coldwell Banker Realty · Michael Shadgou · CRMLS
MLS # 26855073 · Last checked Oct 19, 2026 07:07 UTC
About this property
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.
Property details
- MLS number
- 26855073
- Status
- Active Under Contract (Backup)
- Type
- Residential Income
- Beds / baths
- 12 Beds • 8 Baths
- Living area
- 4,000 (area; units unconfirmed)
- Lot size
- 0.2 acres
- County
- Los Angeles
- Year built
- 1983
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 101
Building
- Year built
- 1983
- Architectural style
- Mid Century Modern
- Stories
- 2
- Building stories
- 0
- Levels
- Two, Multi Split
Bathrooms
- Full bathrooms
- 0
- Half bathrooms
- 0
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Rooms & interior
- Appliances
- Gas Range
- Heating
- Central
- Cooling
- Central Air
Exterior & parking
- Total parking spaces
- 8
- Garage spaces
- 4
- Parking
- Detached Carport, Door Single, Garage
- Attached garage
- No
- Property outlook
- None
Utilities & community
- Community features
- Gated
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Lincoln Elementary (school website, opens in a new tab) Lynwood Unified · Lynwood | K–6 | 0.4 mi |
| Cesar Chavez Middle (school website, opens in a new tab) Lynwood Unified · Lynwood | 7–8 | 0.4 mi |
| Thurgood Marshall Elementary (school website, opens in a new tab) Lynwood Unified · Lynwood | K–6 | 0.5 mi |
| Madison Elementary (school website, opens in a new tab) Los Angeles Unified · South Gate | K–5 | 0.7 mi |
| Roosevelt Elementary (school website, opens in a new tab) Lynwood Unified · Lynwood | K–6 | 0.7 mi |
| Montara Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · South Gate | K–6 | 0.7 mi |
| Victoria Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · South Gate | K–5 | 0.7 mi |
| Simon Rodia Continuation (school website, opens in a new tab) Los Angeles Unified · South Gate | 9–12 | 0.8 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,395,000
- MLS-reported original asking price
- $1,550,000
- MLS-reported previous asking price
- $1,550,000
- MLS-reported last price change
- 2026-09-05 12:16 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:32 | $1,395,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Lynwood
Active residential homes for sale in Lynwood, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
2 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 08:12 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗