11230 Louise Avenue | Los Angeles | State of California | Prices, Plans, Availability

Los Angeles icon

25 Photos

11230 Louise Avenue

USD 2,100,000

Property ID: NP25065687

11230 Louise Avenue ,90262

11940 SqFt

Built in 1944

USD 176/SqFt

0 Bed

0 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

4863

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1944

Detailed Introduction Of This Home

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.

Contact Development/Agent