CA > Lynwood
Lynwood, CA 90262,11952 Santa Fe Ave
Lynwood, CA 90262,11952 Santa Fe Ave
Lynwood, CA 90262,11952 Santa Fe Ave
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$885,000
Est. payment /mo
7,061 Sqft Lot
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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.

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

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CRMLS – RECore
Listed by Jackson Jorgensen Younglewin Advisors, Inc. jack@younglewin.com

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