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$1,857,725Estimated home value

Beds
Unknown
sq ft
4,500

10987 Wright Rd, Lynwood, CA 90262

10987 Wright Rd

Lynwood, CA 90262

  • Off market
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.

Details

Property type

Apartment

Est. home value

$1,857,725

Lot size

0.7934 acres

Price per sq ft

$512

Year built

1947

Price History

10/01/2024
CRMLS

CRMLS #PW24085739

Removed
$2,300,000
09/30/2024
CRMLS

CRMLS #PW24085739

Listed
$2,300,000
09/19/2024
CRMLS

CRMLS #PW24085739

Removed
$2,300,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bbcn Bank

Loan start date

August 2021

Original loan amount

$940,000

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Stand Alone Second

Seller

Paul Jonathan Lee and Gina Jiyeon Lee

Lender

Bbcn Bank

Loan start date

August 2021

Original loan amount

$900,000

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Commercial

Seller

Paul Jonathan Lee and Gina Jiyeon Lee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 7:10 PM

Listing updated: 09/30/2024 at 11:06 AM

Listed by: Anna Hong, T.N.G. Real Estate Consultants Phone #: (562) 982-4175

MLS: CRMLS #PW24085739

CRMLS logo

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