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Listed by John Boyett • Datashare CR Default Office Don't Delete
$3,250,000
Est. payment /mo
65,492 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 65,492 sqft
Price per Sqft $49
MLS Listing ID CL25626639
HOA Y/N No
Lot Size 1.503 Acres
Property Sub-Type Unimproved Land
Source Datashare CLAW
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
Interior
Fireplace No
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