3218 Euclid, Lynwood, California 90262, Lynwood, 90262 - 0 bed, 0 bath
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Lynwood, California 90262
This Multi-Family Value-Add Asset presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $890,144 Fair Market Value by 4%. This valuation gap provides $40,144 in Instant Equity. Featuring a Condition Rating of 3, the property includes two renovated units and an expansive 10,990 sqft lot with ADU Development Potential via three existing garages. This triplex is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house hack in Lynwood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3218 Euclid Subject | $850,000* List Price | 0 | 0 | 2,028 | $439 | - |
A 12430 12434 Peach Street A-b Sold | $950,000 | 0 | 0 | 1,942 | $489 | 0.2 mi |
B 3226 Palm Avenue Active | $849,000 List Price | 0 | 0 | 2,313 | $367 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This triplex is in good overall condition because two of the three units have been completely renovated with modern finishes, including grey shaker-style kitchen cabinets, stone countertops, stainless steel appliances, recessed lighting, and wood-look laminate flooring. While the third unit and the exterior reflect the property's 1948 build date and require updating, the majority of the living space is modernized and move-in ready.
The expansive 10,990 sqft lot and three existing garages provide a prime opportunity for ADU conversions or new construction to significantly increase density and total rental income.
Two of the three units are already fully renovated and secured on annual leases, providing stable, immediate income and reducing the initial capital expenditure for the buyer.
The third unit is currently unrenovated and on a month-to-month lease, allowing an investor to modernize the space and quickly adjust the rent to current market rates.
The property is not fully turn-key, as one unit requires renovation to match the others, necessitating additional immediate investment and management oversight.
Originally built in 1948, the property may have underlying maintenance needs or aging systems typical of older multi-family structures that require long-term capital reserves.
Imagine if you had the opportunity to purchase a great investment property that could be made even better. Well, imagine no longer and take a minute to check out this listing in Lynwood. This tri-plex offers two completely renovated units on annual leases with one unrenovated unit on a month-to-month lease. Do you want or need to live in one of the units? You have that option. Do you want to renovate the last unit and increase the rent to market? You could do that instead. But wait...there's more opportunity to improve this property. There are three garages on the property. Could they be converted into an ADU? Contact an ADU specialist and find how to get that done. Would you rather use the almost 11,000 square foot lot to build an ADU unit or two? Contact an ADU specialist and find out how to get that done. So, are you ready to check out this great opportunity? Let's talk soon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,028 | 2,100.5 | 50% |
| Lot Size | 10,990 | 9,083 | 75% |
| Price | $850.0K | $848.5K | 50% |
| Price per sq ft | $419 | $424 | 50% |
| Built year | 1948 | 1948 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 228 | 8% |
Apr 1, 2026
$850,000
Initial Listing
Feb 15, 2023
$680,000
Public Record