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10965 Wright Rd
Lynwood, CA 90262
Wrightwood Villas · Multifamily Property For Sale
·
11 Units
Investment Highlights
- 11-unit multifamily investment opportunity in Lynwood.
- A diverse unit mix of five two-bedroom/one-bath units, one three-bedroom/ two-bath, and five rear four-bedroom/two-bath units.
- A gated entrance provides tenants with a secure, controlled access living environment.
- Built in 1950 & 1962, the property sits on a large 29,465 SF lot with approximately 12,780 SF of gross building area.
- The property is separately metered for gas and electric.
- Dual entrances, one at the front and one at the rear of the property, offer added convenience and flexibility in designing future ADU development.
Executive Summary
The Neema Group at Marcus & Millichap is pleased to present 10965 Wright Road, an 11-unit multifamily investment opportunity in Lynwood. Built in 1950 & 1962, the property sits on a large 29,465 SF lot with approximately 12,780 SF of gross building area. A diverse unit mix of five two-bedroom/one-bath units, one three-bedroom/two-bath, and five rear four-bedroom/two-bath units caters to a wide range of renter profiles.
The oversized 29,465 SF lot offers ample space for future value add potential through ADU development by converting the exterior carports into units (buyer to verify). The property is separately metered for gas and electric. A gated entrance provides tenants with a secure, controlled access living environment. Dual entrances, one at the front and
one at the rear of the property, offer added convenience and flexibility in designing future ADU development. On-site community laundry, equipped with two washers and two
dryers, contributes to in-place ancillary income alongside utility reimbursements and parking income, with notable additional upside available through renting out more storage to tenants.
Offered at $2,700,000 ($245,455/unit, $211/SF), reflecting a 7.03% current cap rate and 8.40 GRM on in-place income.
The oversized 29,465 SF lot offers ample space for future value add potential through ADU development by converting the exterior carports into units (buyer to verify). The property is separately metered for gas and electric. A gated entrance provides tenants with a secure, controlled access living environment. Dual entrances, one at the front and
one at the rear of the property, offer added convenience and flexibility in designing future ADU development. On-site community laundry, equipped with two washers and two
dryers, contributes to in-place ancillary income alongside utility reimbursements and parking income, with notable additional upside available through renting out more storage to tenants.
Offered at $2,700,000 ($245,455/unit, $211/SF), reflecting a 7.03% current cap rate and 8.40 GRM on in-place income.
Property Facts
| Price Per Unit | $245,455 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.68 AC |
| Cap Rate | 7.03% | Building Size | 12,780 SF |
| Gross Rent Multiplier | 8.4 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/1962 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Lynwood | ||
| Price Per Unit | $245,455 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Gross Rent Multiplier | 8.4 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 12,780 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1962 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R3, Lynwood |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 900 |
| 3+2 | 1 | - | 1,150 |
| 4+2 | 5 | - | 1,426 |
Property Taxes
| Parcel Number | 6194-005-022 | Improvements Assessment | $941,657 |
| Land Assessment | $634,178 | Total Assessment | $1,575,835 |
Property Taxes
Parcel Number
6194-005-022
Land Assessment
$634,178
Improvements Assessment
$941,657
Total Assessment
$1,575,835
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