3150-3162 Euclid Avenue Land FOR SALE


Lynwood, CA 65,688 SF
$3,250,000 USD
707-815-7472
, Lynwood, CA for Sale
$3,250,000 USD
Land - FOR SALE
1/11

3150-3162 Euclid Avenue
Lynwood, CA


HIGHLIGHTS

  • Solid Lynwood Location East of Inglewood and North of Long Beach
  • Three (3) Concurrent Parcels Totaling 65,492 SF
  • Zoned R-3 for Multifamily with No FAR Restrictions
  • Currently Owner-Occupied Lots will be Delivered Vacant with no History of Leases
  • Up to 27 Market Rate Units By-Right, 143 Units By-Right Satisfying Lynwood’s Affordability Requirements
  • Potential to Utilize AB 2334 and Achieve Over 250+ Units with Ministerial Approval

OVERVIEW

The Boyett Team at CBRE is pleased to present a 65,492 SF triple-lot multifamily redevelopment opportunity located at 3150-3162 Euclid Avenue, Lynwood, California. The subject property is located in a solid Lynwood location, west of N Long Beach Boulevard and north of E Rosecrans Avenue. Originally owner-occupied by a non-profit, this redevelopment opportunity will be delivered vacant with no history of leases. Totaling 65,492 SF across three (3) concurrent parcels with multifamily R-3 zoning, a developer can build up to 27 market rate units by-right, or 143 units by-right satisfying Lynwood’s affordability requirements. This, in conjunction with the state density bonus under AB 2334, allows for over 250+ units ministerially. The site is located in a Qualified Census Tract (QCT) for 2025 & 2026. Residents will appreciate convenient access to the -105 freeway leading to major employment hubs in Inglewood & El Segundo to the west, and the -710 freeway leading south to Long Beach and north Los Angeles. Situated in a solid Lynwood location, this offering presents a rare opportunity to acquire three (3) concurrent redevelopment sites at once totaling 65,492 SF with ministerial approval available for north of 250+ units.

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

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