15-Unit Apartment
3161 Carlin Ave, Lynwood, CA 90262
For Sale
$3,500,000
Affordable housing community with a varied mix of family-sized apartments and smaller residential units.
Property Size15,410 SF
Lot Size0.71 Acres
Days on Market51
Property Features for 3161 Carlin Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Amenities
Use & income limits: 15 units allocated across 35%, 50%, 60%, and 80%AMI income levels.
Rent controls: Restricted rents are tied to HUD affordability guidelines and household income limits.
Operating covenants: Ownership must maintain reserves, insurance coverage, and ongoing property maintenance consistent with affordable housing requirements.
Building Details
Building Size
Year Built
Units
Listing Agency:
South Bay Office
Listed By:
Alex Scinta · License #License(s): CA: 02161763
(424) 405-3861
Source:
Marcusmillichap
Added: Sep 20
Changed: Nov 1
Last Checked: Nov 8 at 2:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of South Bay Office
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Investment Insights
Based on property information with market context.
This 15-unit apartment property occupies 0.71 acres and was built in 1992. The unit mix includes three 4-bedroom/2-bath apartments of approximately 1,400 SF, four 3-bedroom/2-bath apartments of approximately 1,300 SF, four 2-bedroom/1-bath apartments of approximately 840 SF, and four 1-bedroom/1-bath apartments of approximately 710 SF.
The property is located at 3161 Carlin Avenue in Lynwood, California, and serves income-qualified households. A recorded affordability covenant applies through approximately October 2052, providing a defined long-term affordability framework for the community.
The property is located at 3161 Carlin Avenue in Lynwood, California, and serves income-qualified households. A recorded affordability covenant applies through approximately October 2052, providing a defined long-term affordability framework for the community.
Key Highlights
- 15‑unit apartment property on a 0.71‑acre lot
- Built in 1992
- Unit mix includes three 4‑bedroom/2‑bath units at approximately 1,400 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,959
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,959,180
$5.0M
Cap Rate 7%
$3,542,271
$3.5M
Cap Rate 9%
$2,755,100
$2.8M
Market Conditions
NOI Build-Up for 15,410 SF
Gross rent
$490.0K $31.80/SF
− Vacancy
−$39.2K −$2.54/SF
EGI
$450.8K $29.26/SF
− OpEx
−$202.9K −$13.17/SF
NOI
$248.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,959,180
Cap Rate 7%
$3,542,271
Cap Rate 9%
$2,755,100
Alternative Uses
Best Use
Apartment 5plus
$3.54M
$3.10M – $4.13M
NOI $247,959 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.25M
$7.22M – $9.63M
NOI $577,532 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
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Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Affordable housing community with a varied mix of family-sized apartments and smaller residential units.
Where is this apartment building located?
The property is located at 3161 Carlin Ave Lynwood, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 15‑unit apartment property on a 0.71‑acre lot; Built in 1992; Unit mix includes three 4‑bedroom/2‑bath units at approximately 1,400 SF
