6 months on rocket

10987 Wright Rd, Lynwood, CA, 90262

$2,300,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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10987 Wright Rd, Lynwood$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage6 spaces
Year Built1947
MLS #PW24085739
Lot Size0.79 Acres
StatusActive

About 10987 Wright Rd

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 thepast by building 12 townhomes. Floor plans consist of a total two story freestanding houses all at 1,364sq.ft, 3 beds, 2 baths each, 6 of the unitshave decks and 2 car garage each. Project was approved in the past ** *According to what the seller checked with the city in 2024, it was said thatUP 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.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 1

Listing Office:

  • Office Name: T.N.G. Real Estate Consultants
  • Office Phone: (562) 982-4175
  • Listing Agent: Anna Hong

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 6 spaces

Lot Features

Lot Information:

  • Lot Size: 0.79 Acres

Other

Directions Information:

  • Directions: Imperial hwy & Atlantic ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000

Tax Information:

  • Annual Amount: $16,350
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lynwood, CA.

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Lynwood, CA

City

Med. List Price

$675K

Med. Price/SqFt

$562

Avg. Days On Market

75

# of Sold Homes

4

10987 Wright Rd vs Lynwood

205 DAYS ON ROCKET

+130 Days

$2,300,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median List Price in Lynwood, CA.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24085739

Listing Office:

  • Office Name: T.N.G. Real Estate Consultants
  • Office Phone: (562) 982-4175
  • Listing Agent: Anna Hong

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 29, 2015Home Sold
$970,000

Tax History

YEARPROP. TAXASSESSMENT
2021$16,350$1,077,010
2020$16,728$1,065,968
2019$15,116$1,045,067
2018$15,299$1,024,576
2017$15,299$1,004,487

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-231266
5
/10

  • Will Rogers Elementary School

  • 11220 Duncan Ave

  • 0.33 miles

  • Public District Grades PK-6

school-card-donut-231267
2
/10

  • Lugo Elementary School

  • 4345 Pendleton Ave

  • 0.42 miles

  • Public District Grades KG-6

school-card-donut-231268
6
/10

  • Washington Elementary School

  • 4225 Sanborn Ave

  • 0.61 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,908. Typical income of Lynwood, CA residents is between $35k-100k annually. The majority of families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 10987 Wright Rd

What is the listing price of this property?

The listing price of 10987 Wright Rd property is $2,300,000.

What type of property is this?

The property 10987 Wright Rd is a condo located in Lynwood, California, 90262.

Is this property for sale now?

Active Listing: 10987 Wright Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,350 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 29, 2015 for $970,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 10987 Wright Rd is 1947.

Rocket Homes›California›Los Angeles County›Lynwood›90262›10987 Wright Rd

This home is located at 10987 Wright Rd in Lynwood, CA and zip code 90262 in the The Southeast neighborhood. This home, which was built in 1947, sits on a 0.79 acre lot. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $2,300,000.

Between September 2024 and October 2024, Lynwood, CA real estate market has seen increase in the number of listings by 17.4%. While the average time on the market in October 2024 was 75 days, the median list price was $675,000.

From Rocket Homes Real Estate and based on county public records data.

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