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6 photos
$7,150,000
$7,500,000 4.7%
Est. payment /mo
5 Beds
UPDATED:
Key Details
Sold Price $7,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25113868
Sold Date 08/19/25
Bedrooms 5
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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Rosecrans Ave and West of Long Beach Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 6176002021
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Listed by Doug Rodermund Morgan Skenderian
Bought with Doug Rodermund Morgan Skenderian
Bought with Doug Rodermund Morgan Skenderian
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