10987 Wright Road Lynwood, CA ^$ 2,050,000

10987 Wright Road

^$ 2,050,000

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10987 Wright Road

Lynwood, CA, 90262

^$ 2,050,000

Bedrooms11 Baths6.0 Sq 4,500

Monthly Estimate*

^$ 13,625

Listed by T.N.G. Real Estate Consultants

10987 Wright Road, Lynwood, CA 90262 - Image 1

10987 Wright Road, Lynwood, CA 90262 - Image 2

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10987 Wright Road, Lynwood, CA 90262 - Image 4

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10987 Wright Road, Lynwood, CA 90262 - Image 7

10987 Wright Road, Lynwood, CA 90262 - Image 8

10987 Wright Road, Lynwood, CA 90262 - Image 9

10987 Wright Road, Lynwood, CA 90262 - Image 10

10987 Wright Road, Lynwood, CA 90262 - Image 11

10987 Wright Road, Lynwood, CA 90262 - Image 12

10987 Wright Road, Lynwood, CA 90262 - Image 13

10987 Wright Road, Lynwood, CA 90262 - Image 14

10987 Wright Road, Lynwood, CA 90262 - Image 15

10987 Wright Road, Lynwood, CA 90262 - Image 16

10987 Wright Road, Lynwood, CA 90262 - Image 17

10987 Wright Road, Lynwood, CA 90262 - Image 18

10987 Wright Road, Lynwood, CA 90262 - Image 19

Multi-Family Home for sale in Lynwood, CA

for $2,050,000 with 11 bedrooms and 6 full baths. This 4,500 square foot home was built in 1947 on a lot size of 0.7934.

Discover a Hidden Gem in Lynwood-5 units on about 35,000 sf Land. This is becoming a good income as it is, but above all,this land with Great Potential will attract your attention, so please come and see. Don' Miss Out. This land is where the city has proven itself in thepast by building 12 townhomes. Floor plans consist of a total two story freestanding houses all at 1,364sq.ft, 3 beds, 2 baths each, 6 of the unitshave decks and 2 car garage each. Project was approved in the past ** *According to what the seller checked with the city in 2024, it was said thatUP TO 14-15 units could be approved, BUT Buyer must confirm with city in person for new project*** Townhomes already built on either side of this land will serve as your reference.

Multi-Family Active

Price

^$ 2,050,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.7934

Year Built

1947

Town/City

Lynwood

County/Region

Los Angeles

MLS | Web ID

PW24085739

Days on Market

Features

General

Sewer PublicSewer SewerTapPaid

Zoning LYR3YY

Garage Spaces 6.0

Pool Features None

Year Built 1947

Tenant Pays Electricity Gas Telephone

Stories 1

Levels One

Property SubType Apartment

Gross Income 128040.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 94837.0

Operating Expense 33203.0

Insurance Expense 3127.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency 1031 Exchange

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Imperial hwy & Atlantic ave

City Lynwood

Entry Location Ground

View Y/N N

Senior Community Y/N N

Total Units 5

MLS Area RM - Lynwood

Lot Size Square Feet 34561.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Wright

Listing Terms Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 3060.0

Water Sewer Expense 5627.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 11

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 9

Property Sub Type Additional Apartment

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 34561.0

Number of Buildings 6

Spa N

Building Area Total 4500.0

Lot Size Acres 0.7934

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Road

Laundry Features SeeRemarks

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 10987

* Excluded Features

List By

T.N.G. Real Estate Consultants

Broker

(657) 252-1085

Phone

Affordability Calculator

$13,625

Per Month

Monthly Principal & Interest: $13,625
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lynwood, CA

Average List Price ^$1,773,000

Percent of Sale Price 14%

About Lynwood, CA

71,032 Population

1% Since 2002

^$45,933 Median Income

31.13 Median Age

51% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/12/2024	$2,050,000	-2.38%	Price Down
5/1/2024	$2,100,000		Listed Price

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10987 Wright Road, Lynwood, CA, 90262 is a Multi-Family Home for sale at $2,050,000 with 4,500 sqft and a lot size of 0.7934. 10987 Wright Road has 11 bedrooms, 6.0 baths, and was built in 1947. The property's zip code is 90262 which is in Lynwood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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10987 Wright Road

Multi-Family Home for sale in Lynwood, CA

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