Gated Apartment
For Sale
$2,700,000
10965 Wright Road, Lynwood, CA 90262
Eleven-unit multifamily asset with separate gas and electric meters, on-site laundry, and dual property entrances.
Property Size12,780 SF
Lot Size0.68 Acres
Price / SF$211.27
Days on Market8
Property Features for 10965 Wright Road
General Information
Standard status
Active
Size
12,780 SF
Lot size
0.68 Acres
Property subtype
Multi-family
Financials
Asking Price
$2,700,000
Cap Rate
7.03%
Gross Rent Multiplier
8.4
Units
Unit Mix
5 x 2BR/1BA, 1 x 3BR/2BA, 5 x 4BR/2BA
Multifamily Units
11
Additional Details
Utilities to Site
Yes
Amenities
community laundry
gated entrance
Building Details
Year Built
1950
Listing Agency:
Marcus & Millichap
Listed By:
Neema Ahadian
(714) 497-3550
Source:
Sevengables
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 5 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Located in Lynwood, this 11-unit apartment property includes approximately 12,780 SF of gross building area on a 29,465 SF lot. The unit mix comprises five two-bedroom, one-bath residences, one three-bedroom, two-bath residence, and five four-bedroom, two-bath residences positioned at the rear of the property.
A gated entry serves the property, while separate front and rear access points support resident circulation and future layout planning. Gas and electric service are individually metered. Community laundry includes two washers and two dryers, with additional income from utility reimbursements and parking. Existing exterior carports may offer a path for potential ADU conversion, subject to buyer verification. The property is reported at a 7.03% current cap rate and an 8.40 GRM based on in-place income.
A gated entry serves the property, while separate front and rear access points support resident circulation and future layout planning. Gas and electric service are individually metered. Community laundry includes two washers and two dryers, with additional income from utility reimbursements and parking. Existing exterior carports may offer a path for potential ADU conversion, subject to buyer verification. The property is reported at a 7.03% current cap rate and an 8.40 GRM based on in-place income.
Key Highlights
- 11‑unit apartment property on a 29,465 SF lot with approximately 12,780 SF of gross building area
- Unit mix includes five 2‑bedroom/1‑bath, one 3‑bedroom/2‑bath, and five 4‑bedroom/2‑bath units
- Reported 7.03% current cap rate and 8.40 GRM on in‑place income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $406.4k | $31.80 |
| − Vacancy | −$32.5k | −$2.54 |
| EGI | $373.9k | $29.26 |
| − OpEx | −$168.3k | −$13.17 |
| NOI | $205.6k | $16.09 |
12,780 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.94M
$2.57M – $3.43M
NOI $205,640 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.84M
$5.99M – $7.98M
NOI $478,965 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eleven-unit multifamily asset with separate gas and electric meters, on-site laundry, and dual property entrances.
Where is this apartment building located?
The property is located at 10965 Wright Road Lynwood, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 11‑unit apartment property on a 29,465 SF lot with approximately 12,780 SF of gross building area; Unit mix includes five 2‑bedroom/1‑bath, one 3‑bedroom/2‑bath, and five 4‑bedroom/2‑bath units; Reported 7.03% current cap rate and 8.40 GRM on in‑place income
