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$ 1,950,000
Est. payment /mo
Active
11230 Louise AVE Lynwood, CA 90262
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25109602
HOA Y/N No
Year Built 1944
Annual Tax Amount $12,886
Tax Year 2024
Lot Size 0.274 Acres
Property Sub-Type Multi Family
Property Description
Great opportunity on this 6-unit building consisting of 5 units are 2-bedrooms, 1 bath and the front unit is 4 bedrooms, 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. Live in one, rent the others option. This is 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.
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 Combination
Fireplace No
Laundry Laundry Closet
Exterior
Carport Spaces 9
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 9
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 6194026005
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Lease Land No
Listed by Louis DiGonzini eXp Realty of Southern Ca, Inc 949-922-8420