3189 Euclid AVE Active Save Request In-Person Tour Request Virtual Tour
Lynwood,CA 90262
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25113868
Year Built 1959
Annual Tax Amount $108,832
Lot Size 0.924 Acres
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LYR3YY
Interior
Laundry Common Area
Exterior
Pool None
Community Features Curbs,Gutter(s),Sidewalks
Building
Lot Description Lot Over 40000 Sqft
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard