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11230 Louise Avenue Lynwood, CA 90262
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Key Details
Sold Price $1,575,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,863 sqft
Price per Sqft $323
MLS Listing ID CRNP25065687
Sold Date 11/17/25
HOA Y/N No
Year Built 1944
Lot Size 0.274 Acres
Acres 0.27
Property Sub-Type Other
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
Zoning LYR3
Interior
Heating Other
Fireplace No
Laundry Laundry Closet
Building
New Construction No
Others
Tax ID 6194026005
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Bought with JimmyThach
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