11230 Louise Avenue

Lynwood, CA 90262

  • 8 Bed(s)
  • 3 Bath(s)
  • 4,863 Sqft
  • 11940
    Sqft(Lot)
$2,100,000

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.

  • Property Type

    Residential Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    49185587

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Heating Source

    • Combination
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0
  • Building Information

    • Year Built: 1944
    • Building Area Total: 4,863

    Pool Features

    • None

    Laundry Features

    • Laundry Closet
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2741
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 11940
  • Listing Price Information

    • Original List Price: 2,100,000
    • Listing Contract Date: 2025-03-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 6194026005
  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: RM - Lynwood
    • Postal Code Plus 4: 3157
    • Directions: Head North on Louise Ave.
    • Zoning: LYR3YY
    • Source Property Type: Residential Income
    • Area: RM - Lynwood
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 81
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/17/2025 @ 20:23

  • MLS: NP25065687
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 4,863 sqft, 11,940 sized lot, and 0 parking. are nearby neighborhoods.