Lynwood, CA 90262,11313 Atlantic AVE
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Lynwood, CA 90262,11313 Atlantic AVE
Lynwood, CA 90262,11313 Atlantic AVE
Lynwood, CA 90262,11313 Atlantic AVE
Lynwood, CA 90262,11313 Atlantic AVE

$515,000

Est. payment /mo

$650,000

20.8%
Est.Price: ?

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11313 Atlantic AVE Lynwood, CA 90262

6,969 Sqft Lot

SOLD DATE : 03/11/2020

Key Details

Sold Price $515,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID GD19228451

Sold Date 03/11/20

HOA Y/N No

Year Built 1955

Lot Size 6,969 Sqft

Acres 0.16

Property Description

The Subject Property is a medical-office building on Atlantic Avenue in Lynwood, California. According to public record, the building measures approximately 2,500± square feet in building size and is situated on nearly 7,000 square feet of land. The property fronts Atlantic Avenue and has nearly 75’ of frontage on this busy retail thoroughfare. The property has a significant amount of parking in the rear, with private gated access and ingress through the alley.

Historically, the building was home to a state licensed drug treatment clinic, where treatment and medicine was administered. Recently the tenant moved to a larger property and the asset is now available for sale.

From an investment standpoint, assuming a modest base rent of $3,000 per month on a triple-net basis, will produce a 5.5% cap rate for an investor. At $3,000 per month the monthly rent is $1.33 per square foot, which in our opinion, is a conservative estimate for a medical facility.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning c3

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Heating Forced Air

Cooling Central Air

Fireplace No

Laundry Inside

Exterior

Fence Wrought Iron

Building

Lot Description Level, Rectangular Lot

Story 1

Water Public

Others

Tax ID 6193020018

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Krikor Garabedian • Keller Williams R.E. Services
Bought with Krikor Garabedian • Keller Williams R.E. Services

Jessie Rodriguez

Owner | Realtor | License ID: 01418054

+1(909) 657-1022

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