Properties
Lynwood, CA 90262 3218 Euclid
$850,000
27 more
Presented By: John Gorske with CTM Management Inc; 714.394.0450
Baths • 1
SQFT • 2,028
Garage • 3
Home Details
Imagine if you had the opportunity to purchase a great investment property that could be made even better.
Well, imagine no longer and take a minute to check out this listing in Lynwood. This tri-plex offers two completely renovated units on annual leases with one unrenovated unit on a month-to-month lease. Do you want or need to live in one of the units? You have that option. Do you want to renovate the last unit and increase the rent to market? You could do that instead.
But wait...there's more opportunity to improve this property. There are three garages on the property. Could they be converted into an ADU? Contact an ADU specialist and find how to get that done. Would you rather use the almost 11,000 square foot lot to build an ADU unit or two? Contact an ADU specialist and find out how to get that done.
So, are you ready to check out this great opportunity? Let's talk soon.
Presented By: John Gorske with CTM Management Inc; 714.394.0450
Interior Features for 3218 Euclid
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls, No One Above, No One Below
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Granite Counters, Tile Counters
Laundry FeaturesStacked
Total Stories1
Window FeaturesBlinds, Drapes, Screens
Other Rooms
Entry Level1
General for 3218 Euclid
AccessibilitySafe Emergency Egress from Home, No Stairs
Additional Parcels Y/NNo
AppliancesDisposal, Gas Range, Refrigerator, Range Hood, Water Heater
Architectural StyleCottage
Building Area UnitsSquare Feet
Carport Spaces
CityLynwood
Community FeaturesSidewalks, Urban
Construction MaterialsStucco
CoolingDuctless, Wall/Window Unit(s)
CountyLos Angeles
Current FinancingVA
DirectionsFrom 105 Freeway, exit Long Beach Blvd. Go south on Long Beach Blvd to Euclid Ave. Turn right (west) on Euclid. Property is on the left.
DisclosuresPrincipal is Real Estate Licensed
ElectricStandard
Electric Expense
Entry Location1
ExclusionsAppliances in 3218
Facing DirectionNorth
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income60052
HOANo
HOA Fee$
HeatingDuctless
Insurance Expense1154
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan
Lot Size Square Feet10990
Lot Size UnitsSquare Feet
MLS AreaRM - Lynwood
MaintenanceExpense1445
Net Operating Income49017
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces12
Operating Expense11035
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLYNWOOD
Property Attached Y/NYes
Property ConditionUpdated/Remodeled
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NNo
RoofShingle
Security FeaturesCarbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot1146
Tenant PaysAll Utilities
Total Actual Rent58836
Trash Expense2680
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense2674
Year Built1948
Year Built SourcePublic Records
Exterior for 3218 Euclid
Building Area Total2028
FencingAverage Condition, Block, Chain Link, Stucco Wall, Wood, Wrought Iron
Foundation DetailsRaised
InclusionsAppliances in 3220 and 3222
Lot FeaturesLawn, Landscaped, Level, Near Public Transit, Street Level
Lot Size Acres0.2523
Lot Size Area10990
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Parking FeaturesConcrete, Door-Multi, Driveway Level, Driveway, Electric Gate, Garage, Gravel, Paved
Pool Charge0
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking15
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
