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Euclid Manor Apartments 3130 Euclid Ave 51 Unit Apartment Building $13,677,000 CAD ($268,176 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,414,815
|
$31.71
|
| Other Income |
$26,260
|
$0.59
|
| Vacancy Loss |
$43,232
|
$0.97
|
| Effective Gross Income |
$1,397,843
|
$31.33
|
| Taxes |
$196,279
|
$4.40
|
| Operating Expenses |
$288,542
|
$6.47
|
| Total Expenses |
$484,821
|
$10.87
|
| Net Operating Income |
$913,022
|
$20.46
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,414,815 |
| Annual Per SF | $31.71 |
| Other Income (CAD) | |
|---|---|
| Annual | $26,260 |
| Annual Per SF | $0.59 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $43,232 |
| Annual Per SF | $0.97 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,397,843 |
| Annual Per SF | $31.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $196,279 |
| Annual Per SF | $4.40 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $288,542 |
| Annual Per SF | $6.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $484,821 |
| Annual Per SF | $10.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $913,022 |
| Annual Per SF | $20.46 |
Property Facts Under Contract
| Price | $13,677,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $268,176 CAD | 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 | $13,677,000 CAD |
| Price Per Unit | $268,176 CAD |
| 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
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Instant Hot Water
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,690 CAD | 600 |
| 2+1 | 34 | $2,328 CAD | 700 |
| 2+2 | 2 | $2,221 CAD | 750 |
| 3+2 | 9 | $2,682 CAD | 900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6176-003-030 | Total Assessment | $2,394,822 CAD (2025) |
| Land Assessment | $800,928 CAD (2025) | Annual Taxes | $196,279 CAD ($4.40 CAD/SF) |
| Improvements Assessment | $1,593,894 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
6176-003-030
Land Assessment
$800,928 CAD (2025)
Improvements Assessment
$1,593,894 CAD (2025)
Total Assessment
$2,394,822 CAD (2025)
Annual Taxes
$196,279 CAD ($4.40 CAD/SF)
Tax Year
2024
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Euclid Manor Apartments | 3130 Euclid Ave
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