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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: 5
  • Price: $2,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 33
  • 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
    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.
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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. 16
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