10987 Wright Road

Lynwood, CA 90262

$2,300,000
Price
11
Beds
6
Baths
4,500 Sq. Ft.
$511 / Sq. Ft.
4,500
Sq. Ft.
$511
per Sq. Ft.

Description

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...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.
  1. Listed by Anna Hong • DRE #01825610 • Brokerage DRE #01886242 • T.N.G. Real Estate Consultants

Property Details for 10987 Wright Road

Parking Spaces Total
6
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4500
Assessor Parcel Number
6194-005-027
Property Attached YN
true
LISTING UPDATED: 10/30/2024 02:55 AM

Property Details for 10987 Wright Road

StatusActive
MLS #PW24085739
Days on Market160
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
CountyLos Angeles County

Building Information for 10987 Wright Road

Building/Complex10987 Wright RdFloor-Stories1Residences-Pet Policy-Year Built1947Building Size-

Property Information for 10987 Wright Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $129,240
  • Gross Scheduled Income: $129,240
  • Net Operating Income: $96,037
Expense Details
  • Operating Expense: $33,203
  • Insurance Expense: $3,127
  • Maintenance Expense: $5,040
  • Professional Management Expense: $0
  • Trash Expense: $3,060
  • Water Sewer Expense: $5,627
  • Total Expenses: $33,203
Tax / Assessment Info
  • Tax Tract Number: 10634
  • Tax Census Tract: 5400.00
  • CFD/Mello-Roos Fee: $2,559
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 10987 Wright Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10987 Wright Road

Taxable ValueLand$1,086,374Additions$56,554Total$1,142,928
Tax Record2024$17,654 ($1,471 / month)
Home Facts
Total Finished SqFt4,732 SqFtAbove Grade Finished SqFt4,732 SqFtLot Size34,552 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLYR3YYCountyLOS ANGELESAPN6194-005-027

Schools near 10987 Wright Road

This home is within Lynwood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Will Rogers Elementary School
PublicK to 6

Hosler Middle School
Public7 to 8

Lynwood High School
Public9 to 12

Vista High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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10987 Wright Road is a multi-family home for sale in Lynwood, CA 90262. This property was listed for sale on April 29, 2024 by T.N.G. Real Estate Consultants, it's currently listed at $2,300,000. It has been on the market for a total of 160 days and was last sold on May 16, 2015. This listing's school district is Lynwood Unified School District. Nearby schools include Will Rogers Elementary School, Hosler Middle School and Lynwood High School. 10987 Wright Road is a 11-bed, 6-bath, 4,500 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of T.N.G. Real Estate Consultants, Anna Hong, DRE #01825610

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.