Historical Multifamily Sale Listing - 12200 Santa Fe Ave.

Multifamily For Sale

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12200 Santa Fe Ave.

12200 Santa Fe Ave., Lynwood, CA 90262

N/A

64 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
64
Building Size:
44,180 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.50%
Gross Rent Multiplier:
9.75
Occupancy:
97%
No. Stories:
2
Year Built:
1960
Lot Size:
64,569 SF
Parking Ratio:
1 / 1,000 SF
Listing ID
14348715
Last Updated
over 1 year ago

Highlights

  • Reposition Opportunity
  • Positive Cash Flow
  • All 2 Bedroom Units
  • Tremendous Upside
  • 9 Buildings
  • Carport Parking

Description

Marcus & Millichap is proud to offer a 64 unit apartment building located in Lynwood, California. This investment consists of nine buildings situated on two parcels with a combined lot size of 64,000 square feet. The property consists of sixty-four 2 bedroom/1 bathroom units and was constructed in 1960 of wood-frame and stucco. Some of the common area amenities include: laundry, carport parking and garages. The current rents are approximately 15% below market. This is a great opportunity for a buyer looking to acquire a property in a high-demand and improving sub-market such as Lynwood, California.

12200 Santa Fe Ave. Lynwood, CA 90262.

Map of 12200 Santa Fe Ave., Lynwood, CA 90262 (Los Angeles County)

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Created 9/27/2005