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Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc
$1,716,000
Est. payment /mo
0.27 Acres Lot
Price Dropped by $144K
11230 Louise AVE Lynwood, CA 90262
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP25065687
Year Built 1944
Lot Size 0.274 Acres
Source California Regional MLS
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
Area Rm - Lynwood
Interior
Heating Multi Type
Laundry In Closet, Washer/Dryer - Leased
Exterior
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 6194026005
Special Listing Condition Not Applicable
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