10965 Wright RD, Lynwood, CA 90262
10965 Wright RD, Lynwood, CA 90262
10965 Wright RD, Lynwood, CA 90262
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,700,000
Est. payment /mo
33 Beds
17 Baths
12,780 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,780 sqft

Price per Sqft $211

MLS Listing ID 26867015

Bedrooms 33

HOA Y/N No

Year Built 1950

Lot Size 0.676 Acres

Property Description

We are pleased to present 10965 Wright Road, an11-unit multifamily investment opportunity in Lynwood. Built in1950 & 1962, the property sits on a large 29,465 SF lot with approximately 12,780 SF of gross building area. A diverse unit mix of five two-bedroom/one-bath units, one three-bedroom/two-bath, and five rear four-bedroom/two-bath units caters to a wide range of renter profiles. The oversized 29,465 SF lot offers ample space for future value add potential through ADU development by converting the exterior carports into units (buyer to verify). The property is separately metered for gas and electric. A gated entrance provides tenants with a secure, controlled access living environment. Dual entrances, one at the front and one at the rear of the property, offer added convenience and flexibility in designing future ADU development. On-site community laundry, equipped with two washers and two dryers, contributes to in-place ancillary income alongside utility reimbursements and parking income, with notable additional upside available through renting out more storage to tenants. Offered at $2,700,000 ($245,455/unit, $211/SF), reflecting a7.03% current cap rate and 8.40 GRM on in-place income.

Location

State CA

County Los Angeles

Area Rm - Lynwood

Zoning LYR3*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 24

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6194005022

Special Listing Condition Standard

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Listed by Neema Ahadian Marcus & Millichap #01346750

NEARBY SCHOOL & BUSINESS

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