NOT LISTED FOR SALE

11853 Wright Rd Lynwood, CA 90262

Estimated Value: $1,223,000 - $1,476,000

9 Beds
4 Baths
4,119 Sq Ft
$325/Sq Ft Est. Value

Last Sold June 04, 2019

Last sale price $930,000 $226 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $8,240/month

127 Days on Market

Highlights

  • Property is near park
  • Neighborhood Views
  • 4 Car Garage
  • No HOA
  • Laundry Room
  • East Facing Home

About This Home

As of June 2019

Four Units: Front house 3 bedrooms-1 Bathrooms, the 2nd unit consist 1 bedroom 1 bath 3rd unit
2 story 2 bedrooms and 1.25 bath and the forth unit is 2 story 3 Bedroom 1.5 bathroom, there is a long
driveway that completes the property, this property hasn’t been on the market in over 16 years, amazing
investment opportunity or for a new home owner The apartments are in tranquil neighborhood
of Lynwood, walking distance to a Ham park, Firebaugh High school, Abbott Elementary and close to
freeway. DRIVE BY ONLY

Last Agent to Sell the Property

FRANK BOUZANQUET

VICTORIAN REALTY License #01273814 Listed on: 12/03/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.27 Acre Lot
  • No Common Walls
  • East Facing Home
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Quadruplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 4,119 Sq Ft Home
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Property is near park
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 89
  • Tax Tract Number 5686
  • Assessor Parcel Number 6189022021

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,112
  • Trash Expense $1,440
  • Water Sewer Expense $3,600
  • Operating Expense $7,152
  • Net Operating Income $23,728

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: LYR3YY
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6189022021
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 225.78

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot, Level, Park Nearby
  • Lot Size Sq Ft: 11844.00
  • Lot Size Acres: 0.2719
  • Latitude Manual: 33.91255500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2112.00
  • Lot Size Area: 11844.0000 Square Feet
  • Net Operating Income: 23727.96
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 36272.00
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 7152.00

Tax Info

  • Tax Census Tract: 5418.02
  • Tax Lot: 89
  • Tax Tract Number: 5686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
2017 Elizabeth Gonzalez Gomez Separate P and Gomez Elizabeth Gonzalez
Bought by
Colmex Fix & Flip Llc
Current Estimated Value
$1,339,913

Purchase Details

Listed on
Dec 3, 2018
Closed on
May 24, 2019
Sold by
Aleman Arturo and Santiago Laura A
Bought by
Gomez Gomez Elizabeth Gonzalez Elizabeth Gonzalez and Gomez 2017 Elizabeth Gonzalez
Seller's Agent
FRANK BOUZANQUET
VICTORIAN REALTY
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,000,050
Sold Price
$930,000
Premium/Discount to List
-$70,050
-7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$697,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2017
Sold by
Aleman Arturo
Bought by
Aleman Arturo and Santiago Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,300
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2001
Sold by
Hud
Bought by
Aleman Arturo and Santiago Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,962
Interest Rate
6.8%
Mortgage Type
FHA

Purchase Details

Closed on
May 25, 2000
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 16, 1999
Sold by
Lopez Hector M
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Sep 12, 1996
Sold by
Rodriguez Juan Manuel and Olivas Maria Delcarmen G
Bought by
Lopez Hector Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,567
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 17, 1986
Sold by
Garcia Martin and Garcia Francisco
Bought by
Rodriguez Juan Manuel Olivas and Olivas Maria Delcarmen G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Colmex Fix & Flip Llc -- None Listed On Document
Gomez Gomez Elizabeth Gonzalez Elizabeth Gonzalez $930,000 Pacific Coast Title
Aleman Arturo -- Accommodation
Aleman Arturo -- Lawyers Title Co
Aleman Arturo $296,000 American Title Co
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $294,964 First American Title Ins Co
Lopez Hector Martinez $260,000 Benefit Land Title Company
Rodriguez Juan Manuel Olivas $260,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gomez Gomez Elizabeth Gonzalez Elizabeth Gonzalez $697,500
Previous Owner Aleman Arturo $332,300
Previous Owner Aleman Arturo $313,962
Previous Owner Lopez Hector Martinez $249,567
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2019 06/04/19 Sold $930,000 -2.1% $226 / Sq Ft
03/04/2019 03/04/19 Price Changed $950,000 -5.0% $231 / Sq Ft
02/19/2019 02/19/19 Price Changed $1,000,000 0.0% $243 / Sq Ft
12/03/2018 12/03/18 For Sale $1,000,050 -- $243 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,810 $1,037,428 $446,205 $591,223
2024 $14,810 $1,017,087 $437,456 $579,631
2023 $14,703 $997,145 $428,879 $568,266
2022 $14,179 $977,594 $420,470 $557,124
2021 $13,652 $958,426 $412,226 $546,200
2020 $13,093 $948,600 $408,000 $540,600
2019 $6,651 $391,983 $188,045 $203,938
2018 $6,033 $384,298 $184,358 $199,940
2016 $5,612 $369,377 $177,200 $192,177
2015 $5,504 $363,830 $174,539 $189,291
2014 $5,402 $356,705 $171,121 $185,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18285336

California Regional Multiple Listing Service (CRMLS)

APN: 6189-022-021