Bought with Jimmy Thach • Seal Real Estate
$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 Avenue Lynwood, CA 90262
4,863 SqFt
Key Details
Sold Price $1,570,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 4,863 sqft
Price per Sqft $322
MLS Listing ID CRNP25109602
Year Built 1944
Lot Size 0.274 Acres
Property Sub-Type Comm Ind For Sale
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
Interior
Heating Other
Building
Water Public
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