11230 Louise Avenue, Lynwood, CA 90262 - MLS#NP25065687

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,100,000

Est. payment - /mo

8 Beds

3 Baths

0.27 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NP25065687

Bedrooms 8

HOA Y/N No

Lot Size 0.274 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Value-add 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.
Value-add 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 Lynwood (90262)

Zoning Assessor

Interior

Appliance Combination Heating

Building

Lot Description Curbs

Story 1

Level or Stories 2 Story

Others

Acceptable Financing Cash, Exchange

Space Rent $2,200

Listing Terms Cash, Exchange

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Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

11230 Louise Avenue Lynwood, CA 90262

Arash Rokni

Key Details

Location

Interior

Building

Others

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