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homes@yourtrustedexperts.com +1(877) 366-2213Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc
$ 1,950,000
Est. payment | /mo
4,863 SqFt
$ 1,950,000
Est. payment | /mo
4,863 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,863 sqft
Price per Sqft $400
MLS Listing ID CRNP25065687
HOA Y/N No
Year Built 1944
Lot Size 0.274 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
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.
Location
State CA
County Los Angeles
Interior
Heating Other
Fireplace No
Laundry Laundry Closet
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REALTORS® | Lic# CA LIC# 02248983