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$1,950,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25109602
HOA Y/N No
Year Built 1944
Annual Tax Amount $12,886
Tax Year 2024
Lot Size 0.274 Acres
Property Sub-Type Multi Family
Property Description
Great opportunity on this 6-unit building consisting of 5 units are 2-bedrooms, 1 bath and the front unit is 4 bedrooms, 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. Live in one, rent the others option. This is 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.
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
Area Rm - Lynwood
Interior
Heating Combination
Fireplace No
Laundry Laundry Closet
Exterior
Carport Spaces 9
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 9
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 6194026005
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
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Listed by Louis DiGonzini • eXp Realty of Southern Ca, Inc • 949-922-8420