11952 Santa Fe Ave - Multi-Family FOR SALE


Lynwood, CA 90262
$885,000 USD
626-399-2415
11952 Santa Fe Ave, Lynwood, CA for Sale
$885,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

11952 Santa Fe Ave
Lynwood, CA 90262


HIGHLIGHTS

  • Single story construction
  • Three single car garages with three surface parking spaces in the front of the property
  • All 2 bed/1 bath units
  • 45% upside in rents to market rate
  • Lynwood does not have municipal rent control- property is subject to AB 1482 that allows higher rent increases than neighboring cities
  • Ability to convert the front garages into a 600 square foot ADU

OVERVIEW

Young Lewin Advisors is pleased to present 11952 Santa Fe Ave, a single story three unit apartment building in the city of Lynwood to market. The property consists of all two bedroom/one bath units on a 7,060 square foot lot. In addition to three single car garages in the front of the property, there is one parking space in front of each garage allowing each tenant to have parking for two cars. A new owner could potentially convert the front garage into a 600 square foot ADU as well. Current rents are nearly 45% below market rate, allowing a new investor substantial upside in future rental income. In addition, Lynwood does not have local rent control and is under AB-1482, allowing for higher rent increases than neighboring cities. The current ownership has owned the property for decades and has maintained the property well with a newer roof, exterior paint, and windows. Santa Fe Ave presents a great opportunity for a local investor or owner user to acquire a well maintained property that qualifies for residential financing.

FOR SALE DETAILS

PRICE

$885,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

3

PRICE/UNIT

$295,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,060 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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Jack JorgensenYoung Lewin AdvisorsMore Info
626-399-2415

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