A
Seller's Agent in 2025
Anna Hong
T.N.G. Real Estate Consultants
(714) 602-2600
2 in this area
19 Total Sales
10987 Wright Rd Lynwood, CA 90262
11
Beds
6
Baths
4,500
Sq Ft
0.79
Acres
Highlights
- RV Access or Parking
- No HOA
- 6 Car Garage
- 0.79 Acre Lot
- Laundry Room
- 1-Story Property
About This Home
As of August 2025Discover 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.
Last Agent to Sell the Property
T.N.G. Real Estate Consultants Brokerage Email: offer2annahong@gmail.com License #01825610 Listed on: 01/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,654
Year Built
- Built in 1947
Lot Details
- 0.79 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Car Garage
- Parking Available
- Single Garage Door
- No Driveway
- Uncovered Parking
- Parking Lot
- RV Access or Parking
- Assigned Parking
Home Design
- Apartment
Interior Spaces
- 4,500 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Tax Lot 9
- Tax Tract Number 10634
- Assessor Parcel Number 6194005027
- $2,559 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 6 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,127
- Trash Expense $3,060
- Water Sewer Expense $5,627
- Operating Expense $33,203
- Gross Income $127,440
- Net Operating Income $94,237
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 13, 2025
Sold by
Lee Gina Jiyeon
Bought by
Hugo Palomo Luna Living Trust and Luna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 19, 2014
Closed on
May 6, 2015
Sold by
Martinez Jaime M
Bought by
Lee Paul Jonathan and Lee Gina Jiyeon
Seller's Agent
Jaime Martinez
Future Investments Real Estate
Buyer's Agent
Anna Hong
T.N.G. Real Estate Consultants
List Price
$990,000
Sold Price
$970,000
Premium/Discount to List
-$20,000
-2.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$580,000
Interest Rate
3.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 25, 2012
Sold by
Martinez Jaime M and Martinez Elizabeth A
Bought by
Martinez Jaime M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.59%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 9, 2006
Sold by
Martinez Jaime M and Martinez Elizabeth
Bought by
Martinez Jaime M and Martinez Elizabeth A
Purchase Details
Closed on
Sep 19, 2005
Sold by
Martinez Benjamin and Martinez Florentina
Bought by
Martinez Jaime M and Martinez Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 10, 2003
Sold by
Martinez Luis and Martinez Teresa
Bought by
Martinez Luis and Martinez Teresa
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,770,000 | California Best Title | |
| Grant Deed | $970,000 | Usa National Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $850,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,000,000 | New Conventional | |
| Previous Owner | $900,000 | Commercial | |
| Previous Owner | $940,000 | Stand Alone Second | |
| Previous Owner | $580,000 | Commercial | |
| Previous Owner | $150,000 | Seller Take Back | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $400,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $1,770,000 | -9.2% | $393 / Sq Ft |
| 06/12/2025 06/12/25 | Pending | -- | -- | -- |
| 06/08/2025 06/08/25 | For Sale | $1,950,000 | +10.2% | $433 / Sq Ft |
| 06/04/2025 06/04/25 | Off Market | $1,770,000 | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $1,950,000 | +10.2% | $433 / Sq Ft |
| 05/19/2025 05/19/25 | Off Market | $1,770,000 | -- | -- |
| 04/03/2025 04/03/25 | Price Changed | $1,950,000 | -2.5% | $433 / Sq Ft |
| 02/16/2025 02/16/25 | Price Changed | $2,000,000 | -4.8% | $444 / Sq Ft |
| 01/16/2025 01/16/25 | For Sale | $2,100,000 | +116.5% | $467 / Sq Ft |
| 05/08/2015 05/08/15 | Sold | $970,000 | -2.0% | $216 / Sq Ft |
| 03/24/2015 03/24/15 | Pending | -- | -- | -- |
| 09/19/2014 09/19/14 | For Sale | $990,000 | -- | $220 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,654 | $1,165,786 | $1,108,101 | $57,685 |
| 2024 | $17,654 | $1,142,928 | $1,086,374 | $56,554 |
| 2023 | $17,532 | $1,120,519 | $1,065,073 | $55,446 |
| 2022 | $16,944 | $1,098,549 | $1,044,190 | $54,359 |
| 2021 | $16,350 | $1,077,010 | $1,023,716 | $53,294 |
| 2019 | $16,728 | $1,045,067 | $993,353 | $51,714 |
| 2018 | $15,117 | $1,024,576 | $973,876 | $50,700 |
| 2016 | $15,053 | $984,792 | $936,060 | $48,732 |
| 2015 | $9,680 | $638,375 | $407,492 | $230,883 |
| 2014 | $9,502 | $625,871 | $399,510 | $226,361 |
Source: Public Records
Agents Affiliated with this Home
-
Anna Hong
-
Moises Palomo
Buyer's Agent in 2025
Moises Palomo
Circle Real Estate
(562) 682-1592
1 in this area
6 Total Sales
-
J
Seller's Agent in 2015
Jaime Martinez
Future Investments Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25010823
APN: 6194-005-027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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