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    11313-11315 Atlantic Avenue

    Lynwood, CA 90262
    • $650,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: GD20137643
    UPDATED: 23 min ago
    $650,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,256
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:
    Area:

    School Ratings & Info

    Description

    The Subject Property is a two-unit (and two parcel) 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+GG 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 and is currently vacant. From an investment standpoint, assuming a modest base rent of $3,000 per month on a triple-net basis, it is our opinion that this asset may produce a 5.5% cap rate for a future investor. At $3,000 per month the monthly rent is $1.33 per square foot, which is relatively conservative estimate for a medical facility. At a list price of $650,000 List Price, this asset is one of the lowest priced medical-office buildings in LA County.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T17:26:45.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.

    www.bobkellyteam.com/homes/107814525
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    11313-11315 Atlantic Avenue Lynwood, CA 90262

    • Price: $650,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: GD20137643
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,256
    SQFT
    $288
    $/SQFT
    1955
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    Property Description
    The Subject Property is a two-unit (and two parcel) 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+GG 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 and is currently vacant. From an investment standpoint, assuming a modest base rent of $3,000 per month on a triple-net basis, it is our opinion that this asset may produce a 5.5% cap rate for a future investor. At $3,000 per month the monthly rent is $1.33 per square foot, which is relatively conservative estimate for a medical facility. At a list price of $650,000 List Price, this asset is one of the lowest priced medical-office buildings in LA County.
    Exterior Features

    Lot Features Level With StreetRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 5.00 Parking Total 12.00 Uncovered Spaces 12.00

    Interior Features

    Condo Area Units Square Feet Heating Forced Air Heating YN Yes Laundry Features Inside Office Class C

    Property Features

    Additional Parcels Description 6193-020-0186193-020-017 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Country Us Industrial Type High Tech/R&DWarehouse/DistributionWarehouse/Office Investment Property YN Yes Land Lease YN No Land Use OfficeOtherRetail Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Office Retail Center Type Unanchored Special Listing Conditions Standard Water Source Public Year Built Source Assessor Zoning C3

    Listing provided courtesy of Krikor Garabedian of Keller Williams R.E. Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T17:26:45.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.

     
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