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$7,500,000
Est. payment /mo
5 Beds
4 Baths
0.92 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25113868
Bedrooms 5
HOA Y/N No
Lot Size 0.924 Acres
Property Sub-Type Res Income 2-4 Units
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 propertys ideal central location (30 minutes or less median travel time to work) and the citys 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.
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 propertys ideal central location (30 minutes or less median travel time to work) and the citys 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.
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 propertys ideal central location (30 minutes or less median travel time to work) and the citys 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 Lynwood (90262)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $820
Acceptable Financing Cash, Conventional
Space Rent $1,244
Listing Terms Cash, Conventional
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Listed by Doug Rodermund • Morgan Skenderian
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "