Address
11313 Atlantic Avenue Lynwood, CA
Price
$ 650,000
Property Attributes
  • MLS#GD20137643
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLynwood
  • AreaLynwood
  • Zip90262
  • StyleOffice
  • Price$ 650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2256
Listing Provided Courtesy Of:
Krikor Garabedian with Keller Williams R.E. Services.
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’ 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.

Price History
7/13/2020 Listed $650,000

General Features

Directions Property includes 11313 & 11315 Atlantic Ave. This includes the sale of 2 properties.
Heating Forced Air
Listagentaor Glendale
Listing Agent Krikor Garabedian - BRE#01216376
Listing Agent State License 01216376
MLS Area RM - Lynwood
Price Per Square Foot 288.12
Property SubType Office
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Zoning C3

Interior Features

Condo Area Unit Type Square Feet
Heating Y/N Yes
Laundry Features Inside
Total Stories 1

Exterior Features

Building Area Total 2256.00
Land Use Office, Other, Retail
Lot Size Source Assessor
Number of Buildings 1
Parking Ratio 5.00
Total Parking 12.00
Uncovered Spaces 12.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90262

Price
AVG $540K
$650K
Visits
AVG 37
34
Year Built
AVG 1956
1955
Walkscore
AVG 79
75
Data Provided by Walkscore ® not using MLS data

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