NOT LISTED FOR SALE

10977 Wright Rd Lynwood, CA 90262

Estimated Value: $904,000 - $1,457,940

7 Beds
3 Baths
2,615 Sq Ft
$460/Sq Ft Est. Value

Sale Details

Date Sold: March 3, 2016

Last sale price $775,000 $296 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $7,656 / mo

29 Days on Market

About This Home

As of March 2016

10977 wright road is a 3 unit structure located on a huge 32,475 SF Lot. A new buyer can purchase the property for the current income or for a development project down the road.
Lynwood is a city in Los Angeles County, California. As of the 2010 census, the city had a total population of 69,772, down from 69,845 at the 2000 census. Lynwood is located near South Gate and Compton in the southern portion of the Los Angeles Basin.

Last Agent to Sell the Property

Thomas Watkins

Pacific Peak Investment RE License #01754440 Listed on: 11/10/2015

Co-Listed By

Scott O'Neill

Pacific Peak Investment RE License #01907563

Last Buyer's Agent

Thomas Watkins

Pacific Peak Investment RE License #01754440 Listed on: 11/10/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 32,475 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 2,615 Sq Ft Home
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Library with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 10634
  • Assessor Parcel Number 6194005026

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,046
  • Trash Expense $1,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $9,000
  • Gross Income $3,920
  • Net Operating Income $27,579

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0.75 Acres

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 6194005026
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Bath, Dining Room, Family Room, Library
  • Price Per Square Foot: 296.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 32475.00
  • Price Per Lot Square Foot: 23.86
  • Lot Size Acres: 0.7460

Multi Family

  • Gross Income: 3920.00
  • Gross Scheduled Income: 47040.00
  • Insurance Expense: 1046.00
  • Lot Size Area: 32475.0000 Square Feet
  • Net Operating Income: 27579.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 18050.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Lot: 8
  • Tax Tract Number: 10634

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Felix Jose Ysabel
Bought by
Felix-Gonzalez Family Trust and Felix
Current Estimated Value
$1,202,985

Purchase Details

Closed on
Jan 15, 2019
Sold by
Felix Jose Manuel and Felix Mercedes
Bought by
Felix Jose Manuel and Felix Mercedes

Purchase Details

Closed on
Oct 24, 2016
Sold by
Feliz Jose Manuel and Felix Mercedes
Bought by
Felix Jose Manuel and Felix Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$493,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2015
Closed on
Feb 23, 2016
Sold by
Ponce Raymond and The Juan M Ponce Revocable Tru
Bought by
Felix Jose M and Felix Mercedes
Seller's Agent
Thomas Watkins
Pacific Peak Investment RE
Buyer's Agent
Thomas Watkins
Pacific Peak Investment RE
List Price
$750,000
Sold Price
$775,000
Premium/Discount to List
$25,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%
Original Mortgage
$486,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2013
Sold by
Madrid Ponce Juan M and Madrid Ponce Esperanza
Bought by
Ponce Juan M and Juan M Ponce Revocable Trust

Purchase Details

Closed on
Nov 9, 2007
Sold by
Ponce Juan M
Bought by
Madrid Ponce Juan M and Madrid Ponce Esperanza

Purchase Details

Closed on
Apr 10, 1996
Sold by
Ponce Paula
Bought by
Ponce Juan M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Felix-Gonzalez Family Trust -- None Listed On Document
Felix-Gonzalez Family Trust -- None Listed On Document
Felix Jose Manuel -- None Available
Felix Jose Manuel -- None Available
Felix Jose Manuel -- Wfg
Felix Jose M $765,000 None Available
Ponce Juan M -- None Available
Madrid Ponce Juan M -- None Available
Madrid Ponce Juan M -- None Available
Ponce Juan M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Felix Jose Manuel $493,500
Previous Owner Felix Jose M $486,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2016 03/03/16 Sold $775,000 +3.3% $296 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $750,000 -- $287 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,805 $905,597 $532,705 $372,892
2024 $14,805 $887,841 $522,260 $365,581
2023 $14,691 $870,433 $512,020 $358,413
2022 $14,214 $853,367 $501,981 $351,386
2021 $13,509 $836,636 $492,139 $344,497
2020 $11,864 $828,058 $487,093 $340,965
2019 $12,648 $811,823 $477,543 $334,280
2018 $11,391 $795,906 $468,180 $327,726
2016 $8,576 $600,000 $400,000 $200,000
2015 $6,706 $454,174 $307,590 $146,584
2014 $6,581 $445,278 $301,565 $143,713
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15243429

California Regional Multiple Listing Service (CRMLS)

APN: 6194-005-026

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