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Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc
$ 1,716,000
Est. payment /mo
Active
11230 Louise Avenue Lynwood, CA 90262
4,863 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,863 sqft
Price per Sqft $352
MLS Listing ID CRNP25065687
HOA Y/N No
Year Built 1944
Lot Size 0.274 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
alue Add Investment Opportunity | 6 Units | Seller Is Not Doing a 1031 Exchange Investment Highlights: All tenants on month-to-month leases, offering the flexibility to adjust rents and reposition the asset Desirable unit mix: 5 - 2-bedroom, 1-bath units and 1 - 4-bedroom, 1-bath front unit Two fully remodeled units with modern interiors, appealing to quality tenants Located in a high-demand rental market with consistent occupancy and limited inventory Current CAP rate at 7.3% 5 of the 6 tenants are long term tenants. The month-to-month lease structure allows for gradual rent increases or full repositioning to market rates. Seller is motivated.
Location
State CA
County Los Angeles
Interior
Heating Other
Fireplace No
Laundry Laundry Closet
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