10965 Wright Road,Lynwood, CA 90262
Lynwood, CA 90262
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.
Details
| MLS # | 26867015 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 40 |
| Listing Provided By | Marcus & Millichap | Neema Ahadian |
Features
| Bed(s) | 33 |
|---|---|
| Bath(s) | 17 |
| SQ Feet | 12,780 |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 2 |
| Zoning | LYR3* |
| Acreage | 0.68 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lynwood |
| Zip Code | 90262 |
| Area | RM Lynwood |
| Listing VS Median (in 90262) | |
Price: $2,700,000 low | high Med: $765,000 sqft: 12,780 low | high Med: 1,338 $ / sqft: $211 low | high Med: $584 On site: 40 low | high Med: 74.5 | |
Market Activity 90262
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lynwood |
| Zip Code | 90262 |
| Area | RM Lynwood |
| Listing VS Median (in 90262) | |
Price: $2,700,000 low | high Med: $765,000 sqft: 12,780 low | high Med: 1,338 $ / sqft: $211 low | high Med: $584 On site: 40 low | high Med: 74.5 | |