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10987 Wright Road

Lynwood, CA 90262
  • $2,500,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: PW23165521
Price Reduced
UPDATED: 203 min ago
$2,500,000
  • 0
    BEDS
  • 0.79
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Ratings & Info

Listing Agent(s): Anna Hong of T.N.G. Real Estate Consultants (562-982-4175)


Description

HUGE Price Reduction !! 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 Great Potential 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 12 townhomes. Floor plans consist of a total two story freestanding hoes all at 1,364sq.ft, 3 beds, 2 baths each, 6 of the units have decks and 2 car garage each. Project was approved in the past. Buyer must check with city for new project. Townhomes already built on either side of this land will serve as your reference.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143126264
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10987 Wright Road Lynwood, CA 90262

  • Price: $2,500,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 203 min ago
  • MLS #: PW23165521
0
Beds
0
Baths
0
½ Baths
0.79
Acres
1947
Built
Neighborhood:
RM - Lynwood
County:
Los Angeles
Area:
RM - Lynwood
Property Description
HUGE Price Reduction !! 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 Great Potential 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 12 townhomes. Floor plans consist of a total two story freestanding hoes all at 1,364sq.ft, 3 beds, 2 baths each, 6 of the units have decks and 2 car garage each. Project was approved in the past. Buyer must check with city for new project. Townhomes already built on either side of this land will serve as your reference.
Exterior Features

Entry Level 1 Entry Location Entry Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Sidewalks Contingency Subject To Seller 1031 Exchange Garage YN Yes Gross Income 119760 Gross Scheduled Income 119760 Insurance Expense 3127 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 5040 Net Operating Income 86557 New Construction YN No New Taxes Expense 16349 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 33203 Possession See Remarks Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 3060 Water Sewer Expense 5627 Water Source Public Zoning Lyr3yy



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Anna Hong of T.N.G. Real Estate Consultants (562-982-4175)