11032 Atlantic Ave - Apartments FOR SALE


Lynwood, CA 90262
$1,140,000 USD
562-587-5494
11032 Atlantic Ave, Lynwood, CA for Sale
$1,140,000 USD
Apartments - FOR SALE
1/10
null | 6.02% Cap Rate

11032 Atlantic Ave
Lynwood, CA 90262


HIGHLIGHTS

  • STRONG RENTAL LOCATION
  • INDIVIDUALLY METERED FOR GAS & ELECTRICITY
  • DETACHED GARAGE PARKING - 6 SPACES
  • RENTAL UPSIDE
  • SUBJECT TO AB-1482 ONLY; NO LOCAL RENT CONTROL
  • ABOVE AVERAGE CONDITION

OVERVIEW

The subject is a two-story, wood frame and stucco, building that was built in 1960. The building sits on 6,347 square feet of land and contains 3,000 square feet. The unit mix consists of six 1-bedroom / 1-bath units. All the units are individually metered for gas and electricity. Parking consists of six garages in a separate building accessed from an alley that runs along the easterly property line. There is no tuck-under parking. The property is in above average condition for its age and market. There is no local rent control in Lynwood and the property is subject to AB-1482. Please do not contact the tenants. Contact the listing agents for full details.

FOR SALE DETAILS

PRICE

$1,140,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

6

PRICE/UNIT

$190,000

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,347 SF

ZONING

C3

APN/PARCEL ID

6194-011-003

ASK ABOUT THIS PROPERTY

Juan CardenasRE/MAX Commercial & Investment RealtyMore Info
562-587-5494

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Juan CardenasRE/MAX Commercial & Investment RealtyMore Info
562-587-5494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.