NOT LISTED FOR SALE

3218 Euclid Ave Lynwood, CA 90262

Estimated Value: $724,000 - $829,000

3 Beds
3 Baths
2,028 Sq Ft
$379/Sq Ft Est. Value

Last Sold February 15, 2023

Last sale price $680,000 $335 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,058/month

23 Days on Market

About This Home

As of February 2023

Investors: 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.

Last Agent to Sell the Property

Alex Wolf

Compass License #01788977 Listed on: 11/08/2022

Compass

Co-Listed By

Tyler Wolf

Compass License #01426713

Last Buyer's Agent

John Gorske

CTM Management Inc License #01310734

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,172

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 233000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2774.90
  • Zoning: LYR3YY
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6176010006
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 335.31

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 12.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 10988.00
  • Lot Size Acres: 0.2522

Multi Family

  • Average1 Bed Area: 676 Square Feet
  • Gross Income: 31404.00
  • Gross Scheduled Income: 32117.00
  • Insurance Expense: 1602.00
  • Lot Size Area: 10988.0000 Square Feet
  • Net Operating Income: 17719.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14398.00
  • Rent Control: Yes
  • Total Actual Rent: 2617.00

Tax Info

  • Tax Census Tract: 5405.02
  • Tax Lot: 1146
  • Tax Tract Number: 3025
  • TaxOtherAnnualAssessmentAmount: 977.00

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
Current Estimated Value
$769,000

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
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

Source: Public Records

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
2025 $10,172 $707,472 $520,200 $187,272
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

  • A

    Seller's Agent in 2023

    Alex Wolf

    Compass

    (310) 499-6823

    1 in this area

    37 Total Sales

    Section Image

  • T

    Seller Co-Listing Agent in 2023

    Tyler Wolf

    Compass

    (310) 376-8871

    1 in this area

    50 Total Sales

    Section Image
  • John Gorske

    Buyer's Agent in 2023

    John Gorske

    CTM Management Inc

    (714) 394-0450

    1 in this area

    26 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22233834

California Regional Multiple Listing Service (CRMLS)

APN: 6176-010-006

California Los Angeles County Lynwood 90221

3218 Euclid Ave, Lynwood, CA

This home is located at 3218 Euclid Ave, Lynwood, CA 90262 since 08 November 2022 and is currently estimated at $769,000, approximately $379 per square foot. This property was built in 1948. 3218 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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