11230 Louise AVE Active Save Request In-Person Tour Request Virtual Tour
Lynwood,CA 90262
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25065687
Year Built 1944
Lot Size 0.274 Acres
Property Sub-Type Quadruplex
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.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Interior
Heating Combination
Fireplaces Type None
Laundry Laundry Closet
Exterior
Pool None
Community Features Curbs
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,1031 Exchange
Listing Terms Cash,1031 Exchange
Special Listing Condition Standard