$515,000
$650,000
20.8%For more information regarding the value of a property, please contact us for a free consultation.
11313 Atlantic AVE Lynwood, CA 90262
6,969 Sqft Lot
Key Details
Sold Price $515,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD19228451
Sold Date 03/11/20
HOA Y/N No
Year Built 1955
Lot Size 6,969 Sqft
Property Description
The Subject Property is a medical-office building on Atlantic Avenue in Lynwood, California. According to public record, the building measures approximately 2,500± square feet in building size and is situated on nearly 7,000 square feet of land. The property fronts Atlantic Avenue and has nearly 75’ of frontage on this busy retail thoroughfare. The property has a significant amount of parking in the rear, with private gated access and ingress through the alley.
Historically, the building was home to a state licensed drug treatment clinic, where treatment and medicine was administered. Recently the tenant moved to a larger property and the asset is now available for sale.
From an investment standpoint, assuming a modest base rent of $3,000 per month on a triple-net basis, will produce a 5.5% cap rate for an investor. At $3,000 per month the monthly rent is $1.33 per square foot, which in our opinion, is a conservative estimate for a medical facility.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning c3
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Fence Wrought Iron
Building
Lot Description Level, Rectangular Lot
Story 1
Water Public
Others
Tax ID 6193020018
Financing Conventional
Special Listing Condition Standard
Lease Land No
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Bought with Krikor Garabedian • Keller Williams R.E. Services