11230 Louise Ave

Great opportunity on this 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.

This home located at 11230 Louise AVE is currently active and has been available on pardeeproperties.com for 60 days. This property is listed at $1,950,000. It has 8 beds and 3 bathrooms. The property was built in 1944. 11230 Louise AVE is in the Lynwood community of Los Angeles County.

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