3130 Euclid Ave
- Majority Large 2 & 3-Bedroom Units with Garages
- Priced at $219.64 Per Square Foot
- 8.42 GRM & 7.7% Cap on Current Rents
- 6.72 GRM & 10.6% Cap on Market Rents
- Excellent Rental Location on Residential Street
- No City Rent Control
Property Description
Morgan Skenderian is 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $9,800,000 |
| No. of Units: | 51 |
| Year Built: | 1963 |
| Lot Size: | 1.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $192,157 |
| Property Website | Click Here |
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