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11230 Louise Avenue, Lynwood, CA 90262
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11230 Louise Avenue
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  • MLS#: NP25065687 ( Quadruplex )
  • Street Address: 11230 Louise Avenue
  • Viewed: 3
  • Price: $1,716,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 203
  • Additional Information
  • County: LOS ANGELES
  • City: Lynwood
  • Zipcode: 90262
  • Provided by: eXp Realty of Southern Ca, Inc
  • Contact: Louis Louis
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 4863.00
Carport Spaces
  1. 9.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 164
Electric
  1. 220 Volts in Laundry
Electric Expense
  1. 3113.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. Combination
Insurance Expense
  1. 5179.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. In Closet
Laundry Income
  1. 624.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 125183.00
Newtaxesexpense
  1. 33108.00
Otherincome1
  1. 900.00
Parcel Number
  1. 6194026005
Pest Control Expense
  1. 556.00
Pool Features
  1. None
Postalcodeplus4
  1. 3157
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 434960622:CRM
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalactualrent
  1. 164100.00
Totalexpenses
  1. 35441.00
Trash Expense
  1. 380.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Vacancyallowance
  1. 5000
Water Sewer Expense
  1. 352.00
Water Source
  1. Public
Year Built
  1. 1944
Year Built Source
  1. Assessor
Zoning
  1. LYR3YY