Lynwood, CA 90262 10987 Wright Road
$1,950,000
14 more
Presented By: Anna Hong with T.N.G. Real Estate Consultants; offer2annahong@gmail.com
- MLS# PW25010823
- 01/16/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 11
Full/Half Baths • 5 / 1
SQFT • 4,500
Garage • 6
Home Details
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 GreatPotential will attract your attention, so please come and see. Don' Miss Out. This land is where the city has proven itself in the past by building 13 townhomes. Floor plans consist of a total two story freestanding houses all at 1,364sq.ft, 3 beds, 2 baths each, 6 of the units have decks and 2 cargarage each. Project was approved in the past ** *According to what the seller checked with the city in 2024, it was said that UP 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.
Presented By: Anna Hong with T.N.G. Real Estate Consultants; offer2annahong@gmail.com
Interior Features for 10987 Wright Road
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories1
Other Rooms
Entry Level
General for 10987 Wright Road
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLynwood
Community FeaturesSidewalks
CountyLos Angeles
Current FinancingConventional
DirectionsS / Imperial HWY & W/710 Fwy
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationGround
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income127440.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense3127.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan
Lot Size Square Feet34561.0
Lot Size UnitsSquareFeet
MLS AreaRM - Lynwood
MobileHomeRemainsYNNo
Net Operating Income94237.0
New ConstructionNo
Number Of Units Total5
Operating Expense33203.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer, SewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot9
Tenant PaysElectricity, Gas, Telephone
Trash Expense3060.0
Water Sewer Expense5627.0
Waterfront Y/NNo
Year Built1947
Year Built SourceAssessor
ZoningLYR3YY
Exterior for 10987 Wright Road
Building Area Total4500.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.7934
Lot Size Area34561.0
Lot Size SourceAssessor
Number of Buildings6
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, DoorSingle, Garage, NoDriveway, RvAccessParking, OneSpace, Uncovered
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate