Properties
Lynwood, CA 90262 3130 Euclid Avenue
$10,000,000
2 more
Presented By: Doug Rodermund with Morgan Skenderian; dsr@morganskenderian.com
Baths • 1
SQFT • 44,618
Garage • 51
Home Details
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.
Presented By: Doug Rodermund with Morgan Skenderian; dsr@morganskenderian.com
Interior Features for 3130 Euclid Avenue
Other Interior Features
Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories3
Other Rooms
Entry Level1
General for 3130 Euclid Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.68
CityLynwood
Community FeaturesCurbs, Gutter(s), Sidewalks
CountyLos Angeles
DirectionsEast of Alameda St and North of Pine St
Electric Expense20292
Entry Location1
Fuel Expense20292
Garage Spaces51
Garage Y/NYes
Gross Income19200
Insurance Expense25000
Land Lease Y/NNo
LevelsThree Or More
Listing Terms1031 Exchange
Lot Size Square Feet43560
Lot Size UnitsSquare Feet
MLS AreaRM - Lynwood
MaintenanceExpense50000
Net Operating Income667559
New ConstructionNo
Number Of Units Total51
Operating Expense354479
Pool FeaturesNone
PostalCityLYNWOOD
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Tax Lot11
Taxes$143,510
Total Actual Rent86204
Trash Expense20292
Water Sewer Expense20292
Year Built1963
Year Built SourceAssessor
ZoningLYR3*
Exterior for 3130 Euclid Avenue
Building Area Total44618
Lot FeaturesLot Over 40000 Sqft
Lot Size Acres1
Lot Size Area43560
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters52
Number of Separate Gas Meters52
Number of Separate Water Meters1
Private PoolNo
Total Parking51
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
