Executive Summary

The Neema Group of 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.

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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.

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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).

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The property is separately metered for gas and electric

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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.

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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.

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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.