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
HOA Y/N No
Year Built 1944
Lot Size 0.274 Acres
Property Sub-Type Quadruplex
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
Area Rm - Lynwood
Zoning LYR3YY
Interior
Heating Combination
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Carport Spaces 9
Pool None
Community Features Curbs
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Total Parking Spaces 9
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6194026005
Acceptable Financing Cash,1031 Exchange
Listing Terms Cash,1031 Exchange
Special Listing Condition Standard
Lease Land No