REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

Kai Steijn

[email protected] +1(949) 374-8847

$ 7,500,000

Est. payment -/mo

Save

New

3189 Euclid AVE Lynwood, CA 90262

0.92 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25113868

HOA Y/N No

Year Built 1959

Annual Tax Amount $108,832

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

Area 699 - Not Defined

Zoning LYR3YY

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 45

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 45

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6176002021

Energy Description 16800.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Doug Rodermund • Morgan Skenderian • [email protected]