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$3,250,000
Est. payment /mo
1.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25626639
HOA Y/N No
Lot Size 1.503 Acres
Property Description
We are pleased to present a 65,492 SF triple-lot multifamily redevelopment opportunity located at 3150-3162 Euclid Avenue, Lynwood, California. The subject property is located in a solid Lynwood location, west of N Long Beach Boulevard and north of E Rosecrans Avenue. Originally owner-occupied by a non-profit, this redevelopment opportunity will be delivered vacant with no history of leases. Totaling 65,492 SF across three (3) concurrent parcels with multifamily R-3 zoning, a developer can build up to 27 market rate units by-right, or 143 units by-right satisfying Lynwood's affordability requirements. This, in conjunction with the state density bonus under AB 2334, allows for over 250+ units ministerially. The site is located in a Qualified Census Tract(QCT) for 2025 & 2026. Residents will appreciate convenient access to the -105 freeway leading to major employment hubs in Inglewood & El Segundo to the west, and the -710 freeway leading south to Long Beach and north Los Angeles.Situated in a solid Lynwood location, this offering presents a rare opportunity to acquire three (3) concurrent redevelopment sites at once totaling 65,492 SF with ministerial approval available for north of 250+ units.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 6176003032
Special Listing Condition Standard
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Listed by John Boyett CBRE
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