11347 Louise Ave, Lynwood, CA 90262

Studio, 1,792 sqft
For Sale
$449,900
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Perfect First Time Buyer Home or Investment! Live in on and rent the other other. First Time Buyers may take advantage of FHA 203K Loan Program(Receive up to $30,000 to remodel property) Front unit is a 2Bedroom/1 with a Garage. Rear unit is a 3Bedroom/1 Bath with 2 Garages. Property is situated on a 19,799 SqFt Lot. Investors, this property according to the city of Lynwood is eligible to build up to 8 units. Please check with city as the the specifications if you are interested in developing additional units. CAP Rate for this property is 7%.
Facts
  • Lot: 0.45 acres
  • Multi Family
  • Built in 1940
  • 188 days on Zillow
  • Last sold: Apr 1991 for $255,000
  • Price/sqft: $251
  • MLS #: PW14091505
Features
  • Parking: Garage - Attached, 9 spaces
    Construction
    • Roof type: Other
    • # Stories: 2.0
    • Structure type: Other
    • Unit count: 2
    Other
    • Floor size: 1,792 sqft
    • Parcel #: 6194023028
    • Zillow Home ID: 21021897
    Home Values
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    $448,044
    -$123 Last 30 daysd
    $412K
    $470K
    Zestimate range
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    $1,796/mo
    +$58 Last 30 daysd
    $1.3K
    $2.4K
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    Neighborhood for 11347 Louise Avenue

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    Zillow predicts 90262 home values will rise 10.4% next year, compared to a 9.8% increase for Lynwood as a whole. Among 90262 homes, this home is 39.1% more expensive than the midpoint (median) home, but is priced 6.3% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 90262, the number of foreclosures waiting to be sold is 3.3% lower than in Lynwood, and 24.7% lower than the national average. This lower local number could help 90262 home values rise more quickly than other regions in Lynwood.

    Learn more about forecast calculations or 90262 home values.
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