$450,000
$495,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
4,251 Sqft Lot
SOLD DATE : 06/15/2022
Key Details
Sold Price $450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22154163
Sold Date 06/15/22
HOA Y/N No
Year Built 1930
Lot Size 4,251 Sqft
Property Description
11184 California Avenue is part of the McCormick Ambulance real estate portfolio, a well-positioned and unique real estate opportunity. The portfolio consists of a diverse mix of three (3) properties, including a single-family residence, a mixed-use residential/retail property, and a duplex. All three properties are currently on month-to-month leases with American Medical Response Group, a transportation ambulance company. AMR would like to execute a new lease. The properties will be sold "as-is", with AMR on month-to-month leases for all three assets. All in all, this is a great opportunity to acquire three assets in different locations with a blended cap rate of 6.23% (assuming owner signs new lease with AMR.) 11184 California Avenue, Lynwood CA 90262, is a 2bd + 1ba single-family residence consisting of approximately 720 SF of building on an approximate 4,253 SF lot. The subject property features a large parking lot behind the house that can park up to 8 vehicles. The subject property is currently used as office space and parking for American Medical Response Group, whom is on a month-to-month lease. Tenant has expressed desire to execute a new lease.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYC2*
Interior
Fireplace No
Exterior
Parking Features Gated, Private, One Space, Uncovered
Building
New Construction No
Others
Senior Community No
Tax ID 6173013009
Special Listing Condition Standard
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Bought with Daniel Hirth • KW Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "