3189 Euclid - Apartments FOR SALE


Lynwood, CA 90262
$7,500,000 USD
949-295-8560
3189 Euclid, Lynwood, CA for Sale
$7,500,000 USD
Apartments - FOR SALE
1/8
null | 6% Cap Rate

3189 Euclid
Lynwood, CA 90262


HIGHLIGHTS

  • Excellent Mix of Large 1 & 2-Bedroom Units
  • $166,667 per Unit
  • $235 per Square Foot
  • Substantial Upside in Rents
  • Excellent Rental Location on Residential Street
  • No City Rent Control

OVERVIEW

Morgan Skenderian is 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.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

45

PRICE/UNIT

$166,667

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynwood Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,241 SF

ZONING

R3, Lynwood

APN/PARCEL ID

6176-002-021

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.