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Listed by Doug Rodermund • Morgan Skenderian
$ 7,500,000
Est. payment | /mo
31,901 SqFt
$ 7,500,000
Est. payment | /mo
31,901 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 31,901 sqft
Price per Sqft $235
MLS Listing ID CRPW25113868
HOA Y/N No
Year Built 1959
Lot Size 0.924 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry Other
Building
Water Public
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