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Listed by Doug Rodermund • Morgan Skenderian
$ 7,500,000
Est. payment /mo
New
3189 Euclid Avenue Lynwood, CA 90262
31,901 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 31,901 sqft
Price per Sqft $235
MLS Listing ID PW-25113868
Year Built 1959
Lot Size 0.924 Acres
Property Sub-Type Apartment
Property Description
Pleased to present the Lynwood Palms apartments, a rare opportunity to purchase a 45-unit property with an ideal unit mix of 1-Bedroom/1-Bath, 2-Bedroom/1-Bath and 2-Bedroom/2-Bath units. Unit amenities include large floorplans, carports, laundry facilities and gated entry/parking. Lynwood is an excellent rental market for apartment owners with no municipal rent control. Given the property's ideal central location (30 minutes or less median travel time to work) and the city's renter profile being over 50% of the population, the Lynwood Palms apartments benefit from rapidly rising rents as demand far outpaces supply resulting in historically-low vacancy rates.
Location
State CA
County Los Angeles
Zoning LYR3YY
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer