Homes for sale - 11230 Louise AVE, Lynwood, CA 90262

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc

$2,100,000

Est. payment - /mo

0.27 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNP25065687

Originating Board California Regional MLS

Year Built 1944

Lot Size 0.274 Acres

Property Description

Value-add 6-unit building consisting of 5-2 bedroom, 1 bath and 1-4 bedroom, 1 bath. The owner performed renovations in some units in the last 3 years. The building is 100 percent occupied. All tenants are month-to-month. It is in a great rental area of Lynwood. The month-to-month tenancy structure offers flexibility to reposition the property and increase rents over time, enhancing cash flow. With a pro forma cap rate of 6.58%, this asset presents an excellent value-add opportunity while generating strong returns from day one. The most recent update was performed in 2022. Great opportunity if you are in a 1031 Exchange period. The principal for this property is liquidating and will not be doing 1031 exchange.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Interior

Heating Multi Type

Laundry In Closet, Washer/Dryer - Leased

Exterior

Garage Spaces 9.0

Pool None

Building

Water District - Public

Others

Tax ID 6194026005

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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11230 Louise AVE Lynwood, CA 90262

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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