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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

10355 LONG BEACH BLVD Lynwood CA 90262-1645

[Locked] • APN 6207-024-024

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 14,927
Lot SqFt 20,959
Acreage ******
Number of Units 30
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code LYC3*
Year Built 1963
Building Count 1
Opportunity Zone Yes
Sale NOI ******
Sale Cap Rate ******
Mortgage Amount ******

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
Pleased to present 10355 Long Beach Boulevard, a rare 30-unit multifamily opportunity with excellent visibility on a corner location of a high-traffic thoroughfare. The property has a Lynwood address but lies in a South Gate neighborhood. The property offers a mix of studio, 1 and 2-bedroom units that perfectly cater to the surrounding tenant base. There is substantial rental upside for a new owner to bring income up to market levels. The property has recently replaced roof, electrical panels and water heaters. There is ample on-site parking, laundry facilities and gated entry/parking. The property is master-metered for all utilities.
Activated On
03/20/2025 18:07:03
Sold Price
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Description
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Marketing Description
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Marketing Description Text
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Investment Highlights
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Occupancy
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Brokers
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Sale Cap Rate
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Sale Net Operating Income
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Price/Sq Ft
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Asking Price
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Asking Cap Rate
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Asking Price Per Square Foot
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Days on Market
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Brokerage(s)
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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Cap Rate
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Marketing Description

Morgan Skenderian is pleased to present 10355 Long Beach Boulevard, a rare 30-unit multifamily opportunity with excellent visibility on a corner location of a high-traffic thoroughfare. The property has a Lynwood address but lies in a South Gate neighborhood. The property offers a mix of studio, 1 and 2-bedroom units that perfectly cater to the surrounding tenant base.

Lynwood is an excellent rental market for apartment owners, with the Lynwood/South Gate rental market having extremely low historical vacancy rates. Given the property’s ideal central location (30 minutes or less median travel time to work) and the city’s renter profile being over 50% of the population, 10355 Long Beach Boulevard benefits from rapidly rising rents as demand far outpaces supply.

Investment Highlights

Corner Location with High Visibility

Excellent Rental Market with Very Low Vacancy

Priced to Sell at $147,667/Unit

Mix of Studio, 1, & 2-Bedroom Units

Massive Amount of Rental Upside

Lynwood Address in a South Gate Neighborhood

New Roof & Electrical Panels

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
KM
Ken Morgan PRO
•••.•••.8800
kem@••••••••••••••••.com
Brokerage logo
Sold on
 BY:
DR
Doug Rodermund
•••.•••.8800
dsr@••••••••••••••••.com
Brokerage logo

Map

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