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Lynwood, CA 90262 12240 Santa Fe Avenue

$1,250,000

12240 Santa Fe Avenue Lynwood, Ca - Image 112240 Santa Fe Avenue Lynwood, Ca - Image 212240 Santa Fe Avenue Lynwood, Ca - Image 3
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12240 Santa Fe Avenue Lynwood, Ca - Image 412240 Santa Fe Avenue Lynwood, Ca - Image 5
Presented By: Jackson Jorgensen with Younglewin Advisors, Inc.; jackjorgs@gmail.com
  • MLS# PW24076143
  • 04/16/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 6
  • FootageSQFT • 3,600
  • GarageGarage • 5

Home Details

We are pleased to present 12240 Santa Fe Ave, a six unit apartment building to market in Lynwood, CA. Santa Fe Ave consists of six one bed/one bath units that are approximately 600 square feet each on a 7,316 square foot lot that includes a five car garage in the rear of the property. The property has undergone extensive exterior renovation including a newer roof on the main main structure and garage, new exterior paint, new vinyl double pane windows, new garage doors, and mini split conditioners for all the units. One of the units has been fully renovated as well with vinyl plank floors, new bathroom, and a new kitchen. The property is separately metered for electric and gas. With rents 40% below market, this property offers significant upside in rental income with most of the capital improvements already completed.
Presented By: Jackson Jorgensen with Younglewin Advisors, Inc.; jackjorgs@gmail.com

Interior Features for 12240 Santa Fe Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 12240 Santa Fe Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLynwood
Community FeaturesUrban
CountyLos Angeles
Days on Market
Directionssouth of El Segundo Blvd
Electric Expense0.0
Entry LocationSide
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income86520.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet7321.0
MLS AreaRM - Lynwood
MobileHomeRemainsYNNo
Net Operating Income43357.0
New ConstructionNo
Operating Expense40567.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameSanta Fe
Tax Lot6
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1949
Year Built SourceAssessor
ZoningLYR3YY

Exterior for 12240 Santa Fe Avenue

Building Area Total3600.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesYard
Lot Size Acres0.1681
Lot Size Area7321.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,250,000
MLS#PW24076143
List Date 04/16/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors