NOT LISTED FOR SALE

10987 Wright Rd Lynwood, CA 90262

Lynwood Area

Estimated Value: $1,722,000

11 Beds
6 Baths
4,500 Sq Ft
$383/Sq Ft Est. Value

Sale Details

Date Sold: August 15, 2025

Last sale price $1,770,000 $393 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,040 / mo

147 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Laundry Facilities
  • 0.79 Acre Lot
  • 6 Car Garage
  • 1-Story Property

About This Home

As of August 2025

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.

Last Agent to Sell the Property

Anna Hong

T.N.G. Real Estate Consultants Brokerage Email: offer2annahong@gmail.com License #01825610 Listed on: 01/16/2025

T.N.G. Real Estate Consultants

Last Buyer's Agent

Moises Palomo

Circle Real Estate License #02230316

Circle Real Estate
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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 34,561 Sq Ft 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
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

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

Amenities

  • Laundry Facilities

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0.79 Acres

Parking

6

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 5627.00
  • Zoning: LYR3YY
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 6194005027
  • Year Built: 1947
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 393.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, Garage - Single Door, No Driveway, Parking Space, RV Access/Parking, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 3060.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 34561.00
  • Lot Size Acres: 0.7934

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 127440.00
  • Gross Scheduled Income: 127440.00
  • Insurance Expense: 3127.00
  • Lot Size Area: 34561.0000 Square Feet
  • Net Operating Income: 94237.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 33203.00
  • Rent Control: No
  • Total Expenses: 33203.00

Tax Info

  • Tax Census Tract: 5400.00
  • Tax Lot: 9
  • Tax Tract Number: 10634
  • TaxOtherAnnualAssessmentAmount: 2559.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2025
Sold by
Bought by
Current Estimated Value
$1,722,000

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
Bought by
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
5.23%
Original Mortgage
$580,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2012
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Sep 19, 2005
Sold by
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lynwood, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,770,000 California Best Title
$970,000 Usa National Title Company
-- None Available
-- None Available
$850,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,000,000
Previous Owner $900,000
Previous Owner $940,000
Previous Owner $580,000
Previous Owner $150,000
Previous Owner $200,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,683 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25010823

California Regional Multiple Listing Service (CRMLS)

APN: 6194-005-027

Your Personal Tour Guide

Ask me questions while you tour the home.