CA > Lynwood
Lynwood, CA 90262,11230 Louise AVE
Lynwood, CA 90262,11230 Louise AVE
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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Donnie Bowen

Donnie Bowen

+1(949) 290-9754
$ 1,950,000
Est. payment | /mo

0.27 Acres Lot

Save
$ 1,950,000
Est. payment | /mo
Save

0.27 Acres Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25109602

HOA Y/N No

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

Fireplace No

Laundry Laundry Closet

Exterior

Carport Spaces 9

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

Total Parking Spaces 9

Building

Lot Description 6-10 Units/Acre

Story 2

Water Public

Others

Tax ID 6194026005

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Louis DiGonzini eXp Realty of Southern Ca, Inc 949-922-8420
agent-avatar

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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11230 Louise AVE