3130 Euclid Ave - Apartments FOR SALE


Lynwood, CA 90262
$10,000,000 USD
949-295-8560
3130 Euclid Ave, Lynwood, CA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/8
null | 6.68% Cap Rate

3130 Euclid Ave
Lynwood, CA 90262


HIGHLIGHTS

  • Majority Large 2 & 3-Bedroom Units with Garages
  • Priced at $224 Per Square Foot
  • 9.49 GRM & 6.7% Cap on Current Rents
  • 6.86 GRM & 10.6% Cap on Market Rents
  • Excellent Rental Location on Residential Street
  • No City Rent Control

OVERVIEW

Morgan Skenderian is 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.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

51

PRICE/UNIT

$196,078

CAP RATE

6.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3130 Euclid Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R3, Lynwood

APN/PARCEL ID

6176-003-030

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.