Inglewood, CA 90302,1248 Welton WAY
Inglewood, CA 90302,1248 Welton WAY
Inglewood, CA 90302,1248 Welton WAY
$911,000
Est. payment /mo
$799,000
14.0%
Est.Price: ?

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5 Beds
2 Baths
1,979 SqFt
SOLD DATE : 08/27/2024

Key Details

Sold Price $911,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,979 sqft

Price per Sqft $460

MLS Listing ID 24417163

Sold Date 08/27/24

Bedrooms 5

Construction Status Additions/Alterations,Fixer,Repairs Cosmetic

HOA Y/N No

Year Built 1923

Lot Size 7,431 Sqft

Property Description

Here's what makes this move-in fixer worth the investment. One, it's a duplex, and both units will be delivered vacant, which is a huge and rare benefit. Due to rent control and just-cause evictions, vacating units can be nearly impossible or extremely costly. The vacant units also mean you can choose your tenants and set market rents. The Front unit has 2 beds and one bath, with a projected rent of $2,850. The rear unit has 3 beds and one bath, with a projected rent of $3,200. Total projected rent: $6,050. Use the rental income from the second unit to qualify for more financing or offset your mortgage payment. The lot size, at about 7,500 square feet, represents some of the biggest residential lots in Inglewood, which means more construction possibilities. The detached units offer privacy to each resident. The property also uniquely has a detached garage, which could be turned into an ADU, for a total of three detached units. Each unit could have its private yard space for maximum rentability. The property is in Fairview Heights, one of Inglewood's most desirable and priciest neighborhoods. It's about 15 minutes away from Playa Vista. It's within walking distance of a train station, which will soon connect you to LAX. Hollywood Park and Sofi's entertainment is close enough to enjoy and far enough to avoid noise and congestion. You're also seconds away from North Park, an intimate neighborhood park with picnic tables, restrooms, and three tennis courts. The property needs updating. Sold as-is. But for the right buyer, the investment is worth it. First showing Sunday, July 21.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR2YY

Interior

Heating None

Cooling None

Fireplaces Type None

Fireplace No

Laundry Inside, In Garage

Exterior

Garage Converted Garage, Covered, Driveway

Pool None

Roof Type Shingle

Parking Type Converted Garage, Covered, Driveway

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Value In Land

Entry Level One

Architectural Style Tudor

Level or Stories One

New Construction No

Construction Status Additions/Alterations,Fixer,Repairs Cosmetic

Others

Senior Community No

Tax ID 4014016024

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joel Daniel Rangel • Coldwell Banker Realty
Bought with Libby Rogers • R.B. Haley, Inc

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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