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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 Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 44,618 sqft
Price per Sqft $224
MLS Listing ID CRPW25144612
HOA Y/N No
Year Built 1963
Lot Size 1.000 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry Common Area
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Yeimalis Acevedo-Rasmussen
Broker-Owner | Lic# CA 01727676 | TX 9014437