$1,570,000
$1,716,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
11230 Louise AVE Lynwood, CA 90262
0.27 Acres Lot
Key Details
Sold Price $1,570,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP25109602
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.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Heating Combination
Laundry Laundry Closet
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
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Bought with Jimmy Thach Seal Real Estate