$7,150,000
SOLD AUG 19, 2025

3189 Euclid Ave Lynwood, CA 90262

5 Beds
4 Baths
31,901 Sq Ft
0.92 Acres

Recently Sold

$224 Per Sq Ft

5% Below List Price

36 Days on Market

Highlights

  • 0.92 Acre Lot
  • No HOA
  • Laundry Room

About This Home

As of August 2025

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.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 05/21/2025

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 05/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $108,832

Year Built

  • Built in 1959

Lot Details

  • 0.92 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 31,901 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 45 Parking Spaces
  • 45 Carport Spaces

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 24 / 13
  • Tax Tract Number 5405
  • Assessor Parcel Number 6176002021
  • $9,842 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 45 Units

Amenities

  • Laundry Facilities

Building Details

  • 46 Separate Electric Meters
  • 46 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $16,800
  • Fuel Expense $16,800
  • Gardener Expense $3,600
  • Insurance Expense $13,538
  • Maintenance Expense $25,000
  • Other Expense $1,500
  • Pest Control $1,755
  • Professional Management Expense $21,201
  • Trash Expense $16,800
  • Water Sewer Expense $16,800
  • New Taxes Expense $108,832
  • Operating Expense $56,628
  • Gross Income $7,200
  • Net Operating Income $450,071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$108,832

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Price Per Unit: 166667
  • Professional Management Expense: 21201.00
  • Property Attached: Yes
  • Water Sewer Expenses: 16800.00
  • Zoning: LYR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 6176002021
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 224.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 45.00
  • Total Parking Spaces: 45.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 1755.00
  • Sewer: Public Sewer
  • Trash Expense: 16800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 40241.00
  • Lot Size Acres: 0.9238

Multi Family

  • Electric Expense: 16800.00
  • Fuel Expense: 16800.00
  • Gross Income: 7200.00
  • Gross Multiplier: 10.29
  • Gross Operating Income: 706699.00
  • Gross Scheduled Income: 728556.00
  • Insurance Expense: 13538.00
  • Laundry Income: 7200.00
  • Lot Size Area: 40241.0000 Square Feet
  • Maintenance Expense: 25000.00
  • Net Operating Income: 450071.00
  • Number Of Separate Electric Meters: 46
  • Number Of Separate Gas Meters: 46
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 45
  • Operating Expense: 256628.00
  • Other Expense: 1500.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Actual Rent: 60113.00
  • Total Expenses: 56628.00
  • Vacancy Allowance: 21856

Tax Info

  • New Taxes Expense: 108832.00
  • Tax Block: 13
  • Tax Census Tract: 5405.02
  • Tax Lot: 24
  • Tax Tract Number: 5405
  • Tax Annual Amount: 108832.00
  • TaxOtherAnnualAssessmentAmount: 9842.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Sold $7,150,000 -4.7% $224 / Sq Ft
06/26/2025 06/26/25 Pending -- -- --
05/21/2025 05/21/25 For Sale $7,500,000 -- $235 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2025

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    1 in this area

    22 Total Sales

    Doug Rodermund
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25113868

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Lynwood 90262

3189 Euclid Ave, Lynwood, CA

This home is located at 3189 Euclid Ave, Lynwood, CA 90262 and is currently priced at $7,150,000, approximately $224 per square foot. This property was built in 1959. 3189 Euclid Ave is a home located in Los Angeles County with nearby schools including Helen Keller Elementary School, Lynwood Middle School, and Marco Antonio Firebaugh High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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