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11230 Louise Avenue Lynwood, CA 90262
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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP25065687
Bedrooms 8
Lot Size 0.274 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Interior
Heating Combination Heating
Exterior
View Y/N No
Building
Story 1
Others
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Bought with Jimmy Thach Seal Real Estate
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