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Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc
$1,716,000
Est. payment /mo
0.27 Acres Lot
Price Dropped by $144K
11230 Louise AVE Lynwood, CA 90262
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP25065687
Year Built 1944
Lot Size 0.274 Acres
Source California Regional MLS
Property Description
Great opportunity on this 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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