11317 Louise Avenue

Lynwood, CA 90262

$1,325,000
Last Sold Price
9
Beds
4
Baths
3,389 Sq. Ft.
$391 / Sq. Ft.
3,389
Sq. Ft.
$391
per Sq. Ft.

Description

CALL FOR OFFERS DATE FRIDAY JANUARY 28th. This property consist of a highly desirable unit mix including a 3 bedroom unit and three 2 bedroom units. The property underwent significant renovations in the last 3 years and has been professionally managed. Renovations include quartz countertops, new cabinets, new flooring, stainless steal appliances, and lighting fixtures. The exterior has been fully reimagined including being re-landscaped, new exterior facade and a modern security fence. For an investor...CALL FOR OFFERS DATE FRIDAY JANUARY 28th. This property consist of a highly desirable unit mix including a 3 bedroom unit and three 2 bedroom units. The property underwent significant renovations in the last 3 years and has been professionally managed. Renovations include quartz countertops, new cabinets, new flooring, stainless steal appliances, and lighting fixtures. The exterior has been fully reimagined including being re-landscaped, new exterior facade and a modern security fence. For an investor looking for immediate cash flow, this fits the bill as all the work has been done but the rents are below market. This property could also appeal to an owner user since there is a large 3 bedroom unit in the front. This wont last long. No showings prior to accepted offer. Inspection with accepted offer only. Drive by only, please do not disturb tenants.
  1. Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 11317 Louise Avenue

Zoning
LYR3*
Parcel Number
6194023040
Total Units
4.0
Living Area
3389
Source Living Area
Vendor Enhanced
Area
Lynwood (RM)
Vacancy Rate
None
Lot Size Area
11980

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By Marcus & Millichap, Jonathan Weir, DRE #02038545

Add your commute
LISTING UPDATED: 03/29/2022 08:46 PM

Property Details for 11317 Louise Avenue

StatusSold
MLS #22-119349
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.28 AC / 11,980 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By Marcus & Millichap, Jonathan Weir, DRE #02038545

Add your commute

Building Information for 11317 Louise Avenue

Stories1Residences-Year Built1953Building Size-Lot Size0.28 AC / 11,980 SF

Payment Calculator

$8,844 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,231

Property Taxes

$1,613

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11317 Louise Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 4
  • Type Of Units: 4-Units
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $87,894
  • Net Operating Income: $56,151.00
  • Gross Income: $90,613
  • Cap Rate: 4.40%
  • Gross Rent Multiplier: $14.07
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 31743
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.275
  • Lot Size Square Feet: 11980
  • Lot Size Dimensions: 45x264
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 10
  • Covered Parking: 10
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Microwave
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-20-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,853.00
  • Unit Actual Rent: $1,853.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,853.00
  • Unit Actual Rent: $1,853.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $417,167.00
  • Assessed Improvement Percent: 88.55
  • Assessed Land Value: $53,955.00
  • Assessed Land Percent: 11.45
  • Assessed Total Value: $471,122.00

Property History for 11317 Louise Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11317 Louise Avenue

Taxable ValueLand$714,000Additions$637,500Total$1,351,500
Tax Record2023$19,360 ($1,613 / month)
Home Facts
Total Finished SqFt3,389 SqFtAbove Grade Finished SqFt3,389 SqFtStories1Lot Size11,980 SqFtStyleQuadraplexYear Built1953ZoningLYR3*CountyLOS ANGELESAPN6194-023-040

Schools near 11317 Louise Avenue

This home is within Lynwood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Will Rogers Elementary School
PublicK to 6

Lynwood Middle School
Public7 to 8

Marco Antonio Firebaugh High School
Public9 to 12

Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.