CA > Lynwood
Lynwood, CA 90262,11230 Louise Avenue
Lynwood, CA 90262,11230 Louise Avenue
Lynwood, CA 90262,11230 Louise Avenue
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$2,100,000
Est. payment /mo
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8 Beds
3 Baths
0.27 Acres Lot
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11230 Louise Avenue Lynwood, CA 90262

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25065687

Bedrooms 8

HOA Y/N No

Lot Size 0.274 Acres

Property Sub-Type Res Income 2-4 Units

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.
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 Lynwood (90262)

Zoning Assessor

Interior

Appliance Combination Heating

Building

Lot Description Curbs

Story 1

Level or Stories 2 Story

Others

Acceptable Financing Cash, Exchange

Space Rent $2,200

Listing Terms Cash, Exchange

San Diego Regional MLS (SDMLS)
Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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11230 Louise Avenue

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