11230 Louise Ave Lynwood, CA 90262
Estimated payment $10,859/month
Highlights
- No HOA
- Combination Of Heating Systems
- 1-Story Property
- Laundry Room
About This Home
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.
Listing Agent
eXp Realty of Southern Ca, Inc Brokerage Phone: 949-922-8420 License #01502775 Listed on: 04/01/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1944
Lot Details
- 0.27 Acre Lot
- No Common Walls
- Density is 6-10 Units/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,863 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
- 220 Volts In Laundry
Parking
- 9 Parking Spaces
- 9 Carport Spaces
Utilities
- Combination Of Heating Systems
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 66
- Tax Tract Number 10634
- Assessor Parcel Number 6194026005
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,113
- Insurance Expense $5,179
- Maintenance Expense $3,742
- Pest Control $556
- Trash Expense $380
- Water Sewer Expense $352
- New Taxes Expense $33,108
- Operating Expense $35,441
- Gross Income $164,100
- Net Operating Income $125,183
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Price Changed | $1,716,000 | -7.7% | $353 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $1,860,000 | -4.6% | $382 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $1,950,000 | -7.1% | $401 / Sq Ft |
| 04/01/2025 04/01/25 | For Sale | $2,100,000 | +210.2% | $432 / Sq Ft |
| 05/17/2013 05/17/13 | Sold | $677,000 | +0.3% | $167 / Sq Ft |
| 04/24/2013 04/24/13 | Pending | -- | -- | -- |
| 02/08/2013 02/08/13 | For Sale | $675,000 | -- | $167 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25065687
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