11371 Atlantic AveLynwood, CA 90262

Property Details for 11371 Atlantic Ave

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

2,350 SF

Zone code

LYC3*

Property type

Office properties

Property subtype

Office buildings

APN

6193-021-012

APU

6193021012

Description

This 2,350 square foot industrial property is situated on a 0.06-acre lot at 11371 Atlantic Avenue in Lynwood, California. The single-story building is currently configured as retail space and is located on the busy Atlantic Boulevard, offering excellent visibility and accessibility. The property is in excellent condition and presents a fantastic opportunity for an owner-user or investor seeking a rental property. Its strategic location on a high-traffic thoroughfare makes it ideal for a variety of businesses. The asking price is $545,000. This property is being offered as part of a 1031 exchange, meaning the seller is seeking a tax-deferred exchange. A previous buyer's transaction did not close, making this property available again. The seller is highly motivated and will consider all offers. This is a rare opportunity to acquire a well-maintained, strategically located industrial space in a thriving area. The property's size and condition make it suitable for a range of commercial uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $675,123

  6.5%

  $623,191

  7%

  $578,677

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,876

  Geo Method

  $446,876

• Alternative Use

  Use

  Valuation

  Residential

  $772,756

  Hospitality

  $707,841

  Educational

  $588,915

  Medical

  $609,169

  Retail

  $916,090

Location Insight

City

Lynwood

County

Los Angeles

State

California

Latitude

33.9217

Longitude

-118.188

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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