Lynwood, CA 90262,11952 Santa Fe Ave
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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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$ 800,000
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11952 Santa Fe Ave Lynwood, CA 90262

6 Beds

2,254 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 2,254 sqft

Price per Sqft $354

MLS Listing ID CRPW25245571

Bedrooms 6

HOA Y/N No

Year Built 1953

Lot Size 7,060 Sqft

Acres 0.16

Property Sub-Type OTHER

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

Interior

Fireplace No

Laundry Other

Exterior

Exterior Feature Other

Total Parking Spaces 3

Building

New Construction No

Others

Tax ID 6168015005


Bridge MLS
Listed by Jackson Jorgensen • Younglewin Advisors, Inc.
Devin Ratoosh

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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11952 Santa Fe Ave