12138 Wright Road, Lynwood, California 90262, Lynwood, 90262 - 0 bed, 0 bath
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Lynwood, California 90262
This High-Potential Investment Opportunity is a fully remodeled triplex listed at $1,495,000, positioned well below the $1,549,221 Fair Market Value by 3%. This valuation gap offers $54,221 in Instant Equity. Featuring a Like-New Condition Rating, the property includes modern kitchens, new systems, and significant ADU Potential via the existing garage. This turnkey asset is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking to house-hack in a prime Lynwood location.
Property is new construction or fully renovated.
This triplex has undergone a complete down-to-the-studs renovation, effectively making it like-new. The interiors feature modern kitchens with white shaker cabinets, quartz countertops, and stainless steel appliances, along with updated bathrooms featuring contemporary tile and black fixtures. All major systems, including the roof, electrical, plumbing, and HVAC, have been replaced recently, meeting the highest standards for property condition.
The property has undergone a comprehensive 'down to the studs' remodel including new roofs, electrical, plumbing, and HVAC, offering immediate occupancy with minimal maintenance costs for years to come.
The existing one-car garage presents a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), providing a clear path to adding a fourth income stream on the spacious 9,468 sqft lot.
Each unit is equipped with modern essentials including in-unit laundry with new machines, stainless steel appliances, and tankless water heaters, ensuring high rental demand and tenant retention.
The property was recently sold within the past year on 2025-12-18. The sold price is $750,000.00.
At a list price of $1.65 million, the property is positioned at the top of the Lynwood market, which may result in a lower initial cap rate compared to unrenovated value-add opportunities.
The property consists exclusively of 2-bedroom, 1-bathroom units, lacking the floor plan diversity that could attract a wider range of tenant demographics or larger families.
This Triplex in Lynwood will blow your mind! All three units have been completely remodeled! All three units have new everything; new roofs, new electrical, new kitchens with stainless steel appliances, new bathrooms, new tankless water heaters, new plumbing, new windows, new doors, new stucco, new laminate flooring including laundry in each unit with brand new washer and dryers. New a/c and heating system. two Back units have a private small backyard. The one car garage may be converted to an ADU. Plenty of parking for all 3 units! This could be a buyer's dream property or can be investors dream property. Best location of Lynwood, (Lynwood Gardens) on a tree lined street. Property is close to all medical, schools, park, shopping and transportation. *NOTE* Each unit has its own mailing address: 12136 Wright Road 12138 Wright Road 12140 Wright Road *NOTE* All units are 2 bedrooms and 1 bathroom each.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,116 | 2,185.5 |
| Lot Size | 9,468 | 5,735.5 |
| Price | $1.40M | $856.9K |
| Price per sq ft | $661 | $372 |
| Built year | 1984 | 1945 |
| HOA | $0 | $0 |
| Days on market | 96 | 84 |
Jun 26, 2026
$1,399,000
$1,445,000
-3% Price Drop
Initial Listing
Jun 11, 2026
$1,445,000
$1,495,000
-3% Price Drop
Initial Listing
May 14, 2026
$1,495,000
$1,650,000
-9% Price Drop
Initial Listing
Apr 17, 2026
$1,650,000
Initial Listing
Dec 18, 2025
$750,000
Public Record