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11230 Louise Avenue, Lynwood, CA 90262
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11230 Louise Avenue
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  • MLS#: NP25109602 ( Multi Family )
  • Street Address: 11230 Louise Avenue
  • Viewed: 1
  • Price: $1,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 23
  • 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
    Great opportunity on this 6 unit building consisting of 5 units are 2 bedrooms, 1 bath and the front unit is 4 bedrooms, 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. Live in one, rent the others option. This is 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
Accountingtype
  1. Actual
Building Area Total
  1. 4863.00
Carport Spaces
  1. 9.00
Commoninterest
  1. None
Country
  1. US
Electric
  1. 220 Volts in Laundry
Electric Expense
  1. 3113.00
Expense Year
  1. 2024
Heating
  1. Combination
Insurance Expense
  1. 5179.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. In Closet
Laundry Income
  1. 624.00
Netoperatingincome
  1. 125183.00
Otherincome1
  1. 900.00
Parcel Number
  1. 6194026005
Postalcodeplus4
  1. 3157
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Multi Family
Totalexpenses
  1. 35441.00
Trash Expense
  1. 4561.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Vacancyallowance
  1. 5000
Water Sewer Expense
  1. 4220.00
Water Source
  1. Public
Year Built
  1. 1944
Year Built Source
  1. Assessor