About 11230 Louise Avenue
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.
Features of 11230 Louise Avenue
| MLS® # | NP25065687 |
|---|---|
| Price | $1,716,000 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Acres | 0.27 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 11230 Louise Avenue |
|---|---|
| Area | LYNWOOD (90262) |
| City | Lynwood |
| County | Los Angeles |
| State | CA |
| Zip Code | 90262 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Heating | Combination Heating |
|---|---|
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Lot Description | Curbs |
|---|
Additional Information
| Days on Market | 238 |
|---|---|
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty of Southern Ca, Inc |
|---|