Lynwood, CA 90262 11230 Louise Avenue
$1,950,000
20 more
Presented By: Louis DiGonzini with eXp Realty of Southern Ca, Inc; 949-922-8420
- MLS# NP25065687
- 04/01/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 14
Baths • 3
SQFT • 4,863
Home Details
Great opportunity on this 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.
Presented By: Louis DiGonzini with eXp Realty of Southern Ca, Inc; 949-922-8420
Interior Features for 11230 Louise Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundryCloset
Total Stories1
Other Rooms
Entry Level1
General for 11230 Louise Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.96
Carport Spaces9.0
Carport Y/NYes
CityLynwood
Community FeaturesCurbs
ContingencyNone
CountyLos Angeles
DirectionsHead North on Louise Ave.
ElectricVolts220InLaundry
Electric Expense3113.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income164100.0
HOANo
HOA Fee$0.0
HeatingCombination
Home Warranty Y/NNo
Insurance Expense5179.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Exchange1031
Lot Size Square Feet11940.0
Lot Size UnitsSquareFeet
MLS AreaRM - Lynwood
MaintenanceExpense3742.0
MobileHomeRemainsYNNo
Net Operating Income125183.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense35441.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot66
Taxes$33,108
Tenant PaysCableTv, Electricity, Gas
Total Actual Rent164100.0
Trash Expense380.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense352.0
Year Built1944
Year Built SourceAssessor
ZoningLYR3YY
Exterior for 11230 Louise Avenue
Building Area Total4863.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.2741
Lot Size Area11940.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking9.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate