CA > Lynwood
Lynwood, CA 90262,11230 Louise AVE
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Lynwood, CA 90262,11230 Louise AVE
Lynwood, CA 90262,11230 Louise AVE
Lynwood, CA 90262,11230 Louise AVE
Lynwood, CA 90262,11230 Louise AVE
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Carol MacNeill

Carol MacNeill

+1(559) 618-7872
$ 2,100,000
Est. payment /mo
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Active

11230 Louise AVE Lynwood, CA 90262

0.27 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25065687

HOA Y/N No

Year Built 1944

Lot Size 0.274 Acres

Property Sub-Type Quadruplex

Property Description

Great opportunity on this 6-unit building consisting of 5-2 bedroom, 1 bath and 1-4 bedroom, 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. With a pro forma cap rate of 6.58%, this asset presents 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

Zoning LYR3YY

Interior

Heating Combination

Fireplaces Type None

Fireplace No

Laundry Laundry Closet

Exterior

Carport Spaces 9

Pool None

Community Features Curbs

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 9

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6194026005

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

Lease Land No

California Regional MLS (CRMLS)
Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc • 949-922-8420
agent

Carol MacNeill

Agent | License ID: 01997810

+1(559) 618-7872

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