11638 Atlantic Ave Lynwood, CA 90262-3832
- Retail space
- 1,250 SF
- 0.06 lot acres
Current Use by Public Records
- Go Faster Auto Registration & Services / Auto Tag Agency / Tax Preparation Service
Property Details for 11638 Atlantic Ave
- Year built
- 1960
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.06 lot acres
- Property size
- 1,250 SF
- Zone code
- LYC3*
- Property type
- Retail space
- APN
- 6189-026-010
- APU
- 6189026010
Description
This exceptional commercial property, located at 11638 & 11640 Atlantic Boulevard in Lynwood, California, presents a lucrative investment opportunity. Situated in a designated Opportunity Zone, this high-traffic location boasts excellent visibility on Atlantic Boulevard, close to major shopping centers and convenient freeway access. The property comprises two separate suites, each approximately 1200 square feet, totaling 2400 square feet on a 0.06-acre lot. Each suite features its own private lobby and bathrooms, enhancing tenant privacy and convenience. Currently occupied by long-term tenants, ensuring a stable income stream, one suite houses a thriving beauty salon with six stations, while the other is leased to an established professional services business. The building reflects pride of ownership, with recent upgrades including a complete interior repaint just two years ago and a ceiling reconstruction three years prior. Ample parking is available, with curbside spaces and a rear parking lot accommodating 5-6 vehicles. This turnkey investment offers a blend of established tenancy, desirable location, and recent improvements, making it an ideal addition to any commercial real estate portfolio. The property's size, location, and current occupancy make it a strong contender for long-term growth and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $310,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $295,000
- Mixed-Use
- $345,000
- Hospitality
- $365,000
- Educational
- $280,000
- Residential Income
- $365,000
- Energy
- $315,000
- Income-Based Land
- $295,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Lynwood
- County
- Los Angeles
- State
- California
- Longitude
- -118.189
- Latitude
- 33.9176
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
