3130 Euclid Avenue, Lynwood, CA 90262
- $10,000,000
- List Price
- $10,000,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- PW25144612
- Year Built
- 1963
- Lot Size
- 43,560
- Acres
- 1
- Lot Location
- Lot Over 40000 Sqft
- Days on Market
- 85
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
Property Description
Pleased to present the Euclid Manor apartments, a rare opportunity to purchase a 51-unit property with an ideal unit mix of 1-Bedroom/1-Bath, 2-Bedroom/1-Bath, 2-Bedroom/2-Bath and 3-Bedroom/2-Bath units. Unit amenities include large floorplans, garages, 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 Euclid Manor apartments benefit from rapidly rising rents as demand far outpaces supply resulting in historically-low vacancy rates.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 51
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 51
- Gross Scheduled Income
- $1,053,648
- Operating Expense
- 354479
Listing courtesy of Listing Agent: Doug Rodermund (dsr@morganskenderian.com) from Listing Office: Morgan Skenderian.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.