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.
Property Type(s):
Commercial
|
Last Updated
|
4/1/2025
|
Year Built
|
1944
|
|
County
|
Los Angeles
|
Additional Details
| HEAT |
Other |
| HOA DUES |
0 |
| LOT |
0.27 acre(s) |
| SEWER |
Public Sewer |
| WATER |
Public |
| ZONING |
LYR3 |
Listing provided by Louis DiGonzini | 949-607-8543Keller Williams Legacy
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Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4/2/25 7:16 PM PDT.
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