3218 Euclid Ave Lynwood, CA 90262
Estimated Value: $759,000 - $813,000
3
Beds
3
Baths
2,028
Sq Ft
$388/Sq Ft
Est. Value
About This Home
As of February 2023Investors: come one, come all! Take advantage of this fantastic investment opportunity to own this well maintained triplex on a HUGE 11,000 square foot lot in highly desirable Lynwood. Tucked away in a cute residential neighborhood, the single-level structure has three spacious 1 bedroom/1 bathroom units. Each unit has 676 square feet of living space, with a total building square footage of 2,028 sf. All three tenants are currently on month-to-month leases and rents are under market value, meaning there is huge potential to increase rents. Each unit has its own garage parking space and there is plenty of additional on-site parking available as well. This is an incredible location, conveniently close to Long Beach Blvd, Rosecrans, the 105 FWY and 710 FWY.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,172
Year Built
- Built in 1948
Lot Details
- 0.25 Acre Lot
- No Units Above
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 12 Open Parking Spaces
- 3 Car Garage
Home Design
- 2,028 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 1146
- Tax Tract Number 3025
- Assessor Parcel Number 6176010006
- $977 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,602
- Water Sewer Expense $2,775
- Gross Income $31,404
- Net Operating Income $17,719
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 6, 2022
Sold by
Imelda Buenabad Living Trust
Bought by
Conley Arron
Total Days on Market
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,673
Interest Rate
6.48%
Mortgage Type
VA
Purchase Details
Closed on
Apr 9, 1997
Sold by
Buen Abad Imelda
Bought by
The Imelda Buen Abad Living Trust
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Lynwood, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Conley Arron | $680,000 | Consumers Title | |
| The Imelda Buen Abad Living Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Conley Arron | $717,546 | |
| Previous Owner | Conley Arron | $704,673 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/15/2023 02/15/23 | Sold | $680,000 | -2.7% | $335 / Sq Ft |
| 02/12/2023 02/12/23 | For Sale | $699,000 | 0.0% | $345 / Sq Ft |
| 12/01/2022 12/01/22 | Pending | -- | -- | -- |
| 11/27/2022 11/27/22 | Pending | -- | -- | -- |
| 11/08/2022 11/08/22 | For Sale | $699,000 | -- | $345 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,172 | $693,600 | $510,000 | $183,600 |
| 2023 | $10,566 | $715,020 | $510,000 | $205,020 |
| 2022 | $2,854 | $141,501 | $65,621 | $75,880 |
| 2021 | $2,762 | $138,728 | $64,335 | $74,393 |
| 2019 | $2,800 | $134,616 | $62,428 | $72,188 |
| 2018 | $2,481 | $131,977 | $61,204 | $70,773 |
| 2016 | $2,314 | $126,854 | $58,828 | $68,026 |
| 2015 | $2,272 | $124,950 | $57,945 | $67,005 |
| 2014 | $2,246 | $122,503 | $56,810 | $65,693 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Wolf
A
Seller's Agent in 2023
Alex Wolf
Compass
(310) 499-6823
1 in this area
36 Total Sales
-
Tyler Wolf
T
Seller Co-Listing Agent in 2023
Tyler Wolf
Compass
(310) 376-8871
1 in this area
48 Total Sales
-
John Gorske
Buyer's Agent in 2023
John Gorske
CTM Management Inc
(714) 394-0450
1 in this area
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22233834
APN: 6176-010-006
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.
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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