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$ 885,000
Est. payment /mo
New
11952 Santa Fe Ave Lynwood, CA 90262
7,061 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25245571
HOA Y/N No
Year Built 1953
Lot Size 7,061 Sqft
Property Sub-Type Apartment
Property Description
We are 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.
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.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Fireplace No
Laundry Washer Hookup
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6168015005
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Jackson Jorgensen Younglewin Advisors, Inc. [email protected]