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$10,000,000
Est. payment /mo
1 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25144612
HOA Y/N No
Year Built 1963
Lot Size 1.000 Acres
Property Sub-Type Apartment
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.
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.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 51.0
Garage Description 51.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 51
Private Pool No
Building
Lot Description Lot Over 40000 Sqft
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 6176003030
Energy Description 20292.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Listed by Doug Rodermund Morgan Skenderian dsr@morganskenderian.com