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Listed by Doug Rodermund • Morgan Skenderian
$ 10,000,000
Est. payment | /mo
44,618 SqFt
$ 10,000,000
Est. payment | /mo
44,618 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 44,618 sqft
Price per Sqft $224
MLS Listing ID PW-25144612
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.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3*
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 51.0
Pool None
Community Features Curbs, Gutters, Sidewalks
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer