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Euclid Manor Apartments 3130 Euclid Ave 51 Unit Apartment Building $10,000,000 ($196,078/Unit) 6.68% Cap Rate Lynwood, CA 90262
INVESTMENT HIGHLIGHTS
- Majority Large 2 & 3-Bedroom Units with Garages
- 9.49 GRM & 6.7% Cap on Current Rents
- Excellent Rental Location on Residential Street
- Priced at $224 Per Square Foot
- 6.86 GRM & 10.6% Cap on Market Rents
- No City Rent Control
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,034,448
|
$23.18
|
| Other Income |
$19,200
|
$0.43
|
| Vacancy Loss |
$31,609
|
$0.71
|
| Effective Gross Income |
$1,022,039
|
$22.91
|
| Taxes |
$143,510
|
$3.22
|
| Operating Expenses |
$210,969
|
$4.73
|
| Total Expenses |
$354,479
|
$7.94
|
| Net Operating Income |
$667,560
|
$14.96
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,034,448 |
| Annual Per SF | $23.18 |
| Other Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $0.43 |
| Vacancy Loss | |
|---|---|
| Annual | $31,609 |
| Annual Per SF | $0.71 |
| Effective Gross Income | |
|---|---|
| Annual | $1,022,039 |
| Annual Per SF | $22.91 |
| Taxes | |
|---|---|
| Annual | $143,510 |
| Annual Per SF | $3.22 |
| Operating Expenses | |
|---|---|
| Annual | $210,969 |
| Annual Per SF | $4.73 |
| Total Expenses | |
|---|---|
| Annual | $354,479 |
| Annual Per SF | $7.94 |
| Net Operating Income | |
|---|---|
| Annual | $667,560 |
| Annual Per SF | $14.96 |
PROPERTY FACTS Under Contract
| Price | $10,000,000 | Property Subtype | Apartment |
| Price Per Unit | $196,078 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.68% | Lot Size | 1.00 AC |
| Gross Rent Multiplier | 9.49 | Building Size | 44,618 SF |
| No. Units | 51 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1963 |
| Zoning | R3, Lynwood | ||
| Price | $10,000,000 |
| Price Per Unit | $196,078 |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Gross Rent Multiplier | 9.49 |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 44,618 SF |
| No. Stories | 3 |
| Year Built | 1963 |
| Zoning | R3, Lynwood |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,236 | 600 |
| 2+1 | 34 | $1,702 | 700 |
| 2+2 | 2 | $1,624 | 750 |
| 3+2 | 9 | $1,961 | 900 |
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 6176-003-030 | Total Assessment | $1,738,528 (2025) |
| Land Assessment | $581,436 (2025) | Annual Taxes | $143,510 ($3.22/SF) |
| Improvements Assessment | $1,157,092 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6176-003-030
Land Assessment
$581,436 (2025)
Improvements Assessment
$1,157,092 (2025)
Total Assessment
$1,738,528 (2025)
Annual Taxes
$143,510 ($3.22/SF)
Tax Year
2024
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Euclid Manor Apartments | 3130 Euclid Ave
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